Apex Wallet - Opening Range Breakout (ORB) & Session Levels

Overview The Apex Wallet Opening Range Breakout (ORB) is a professional intraday tool designed to capture the volatility of the first minutes of the trading session. By defining a clear range at the market open, this indicator provides traders with high-probability breakout levels and psychological targets based on mathematical extensions of the initial move.

Core Mechanics

Customizable Session: Easily define your preferred opening range duration (e.g., first 5, 15, or 30 minutes) and session start time.

Dynamic Timezone Adjustment: Includes a built-in UTC offset feature to ensure session times align perfectly with your local market, regardless of where you are trading from.

Automated Level Tracking: The script automatically identifies and locks the high and low of the specified opening period.

Key Features:

Psychological Mid-Lines: Calculates the 50% median of the range (ORB Mid) as a pivot point for trend strength.

Advanced Volatility Extensions: Plots internal and external targets (High+Mid, Low+Mid) to identify potential exhaustion zones or secondary breakout levels.

Intraday Optimization: Designed specifically for low-timeframe traders (1m to 15m) looking for clear execution zones at the bell.

How to use: Wait for the opening range to be established. A breakout above the ORB High often indicates bullish dominance, while a break below the ORB Low suggests bearish momentum. Use the internal extension lines as take-profit targets or areas to move your stop-loss to breakeven.