ORB Analyzer – User Guide – Other – 11 January 2026

ORB Analyzer – Consumer Information

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1. What This Indicator Does

ORB Analyzer is a statistical evaluation instrument for Opening Vary habits.
It evaluates what traditionally occurred after a spread breakout.

The indicator analyzes:

• breakout continuation (TP vs SL hit charges)

• pattern persistence over time

• imply reversion probability

• habits throughout completely different vary sizes and occasions of day

It doesn’t generate commerce alerts and doesn’t predict the market, however it helps to establish dominant market habits. Its goal is to assist data-driven decision-making.

2. Opening Vary Idea

An Opening Vary is the excessive–low value vary shaped throughout a user-defined time window.

The ORB Analyzer:

• is not restricted to market opens

• works with any customized time window

• evaluates value habits relative to that vary

All outcomes are normalized utilizing vary multiples, making them comparable throughout volatility circumstances. All calculations use M1 knowledge, impartial of chart timeframe.

Breakouts are evaluated utilizing candle closes solely.
Momentary intrabar strikes and M1 value spikes that don’t shut outdoors the vary usually are not counted as breakouts.

3. Vary Dimension Context

Historic vary sizes are divided into three relative classes:

• Small (magenta)

• Medium (orange)

• Massive (blue)

These classes present statistical context:

• small ranges usually present increased breakout likelihood

• medium ranges are inclined to imply revert extra usually

• massive ranges are extra incessantly trend-driven

4. Market Regimes Defined

The indicator classifies every day into one in every of three regimes:

For the Breakout mannequin (see determine 1), the indicator:

• waits for the primary candle shut outdoors the vary

• defines commerce route based mostly on that breakout

• applies Cease Loss and Take Revenue ranges as vary multiples

A breakout is counted as profitable if the Take Revenue is reached earlier than the Cease Loss.
If each ranges are touched inside the identical candle, the end result is handled conservatively as a failure.

Analysis continues till the tip of the buying and selling day.

determine 1: typical breakout state of affairs

The Pattern regime (see determine 2) measures directional persistence, not revenue targets.

A day is classed as a profitable pattern day if:

• value breaks out on just one aspect of the vary

• value doesn’t break the alternative aspect

• at or after the outlined TrendEndHour , the final noticed shut stays outdoors the vary within the breakout route

This separates short-term enlargement from sustained directional motion.

determine 2: typical pattern state of affairs

Imply reversion (see determine 3) is evaluated in two steps:

1. Regime classification
   A day is classed as mean-reverting if value closes past each sides of the vary after the vary window ends.

2. Imply Reversion commerce simulation

   • the primary breakout route is recognized

   • entry happens as soon as value returns again into the vary

   • Cease Loss and Take Revenue are utilized as vary multiples

   • success is recorded if TP is reached earlier than SL

As with the breakout mannequin, simultaneous TP and SL hits are handled conservatively.

determine 3: typical imply reversion state of affairs

Distinction between Breakout and Pattern:

Breakout measures whether or not the transfer reached a predefined goal earlier than a predefined cease.
Pattern measures whether or not the market stayed directional till a selected time.

5. Lookback interval & Market Context

For every analyzed buying and selling day, the indicator:

1. Identifies the outlined vary utilizing the required begin time and length

2. Shops the vary excessive, vary low, and complete vary measurement

3. Repeats this course of till the requested variety of previous buying and selling days is collected

A most calendar lookback restrict is utilized to account for holidays and non-trading days.

To replicate altering market circumstances, the indicator is designed to prioritize latest knowledge.
Whereas longer lookback durations can present a broader historic overview, excessively lengthy samples might combine incompatible market regimes.
For sensible evaluation, a lookback of as much as roughly 30- 100 buying and selling days is really helpful, with longer durations used primarily for basic context.

6. Inputs

This part explains all enter parameters of the indicator and the way they have an effect on the evaluation.
All occasions are based mostly on the dealer’s server time.

determine 4: enter variables

Basic

Chart Image
If left empty, the indicator makes use of the image of the present chart.

Variety of Previous Buying and selling Days
Defines what number of historic buying and selling days are analyzed for the statistics and hit charge calculations.
Larger values improve statistical stability however might embrace outdated market circumstances.

Most Calendar Days Again (Buffer)
Units the utmost variety of calendar days the indicator is allowed to look again to gather the requested variety of buying and selling days.
Helpful for durations with holidays or low liquidity.

Opening Vary

OR Begin Hour (Dealer Server Time)
Hour at which the Opening Vary calculation begins, based mostly on the dealer’s server time.

OR Begin Minute
Minute at which the Opening Vary calculation begins.

OR Length (Minutes)
Size of the Opening Vary in minutes.
The excessive and low throughout this era outline the Opening Vary.

Breakout Mannequin

Cease Loss (OR Multiplier)
Cease Loss distance expressed as a a number of of the Opening Vary measurement.
Instance: 1.0 = Cease Loss equals the complete Opening Vary.

Take Revenue (OR Multiplier)
Take Revenue distance expressed as a a number of of the Opening Vary measurement.

Imply Reversion Mannequin

Cease Loss (OR Multiplier)
Cease Loss distance expressed as a a number of of the Opening Vary measurement for imply reversion trades.

Take Revenue (OR Multiplier)
Take Revenue distance expressed as a a number of of the Opening Vary measurement.

Analysis Instances

Pattern Analysis Time (Hour)
Hour at which breakout (trend-following) efficiency is evaluated.

Imply Reversion Analysis Time (Hour)
Hour at which imply reversion efficiency is evaluated.

Panel

Panel Place (0=LT, 1=RT, 2=LB, 3=RB)
Defines the nook of the chart the place the panel is displayed
(LT = Left Prime, RT = Proper Prime, LB = Left Backside, RB = Proper Backside).

Horizontal Offset (Pixels)
Strikes the panel horizontally from the chosen nook.

Vertical Offset (Pixels)
Strikes the panel vertically from the chosen nook.

Panel Replace Interval (Seconds)
Defines how usually the panel knowledge is refreshed.

7. Disclaimer

All outcomes are based mostly on historic knowledge and don’t account for slippage, spreads, commissions, or execution constraints.
Previous habits doesn’t assure future outcomes.