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Price Action Analysis Toolkit Development (Part 28): Opening Range Breakout Tool

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by , 06-23-2025 at 03:36 AM (86 Views)
      
   
The Opening Range Breakout (ORB) strategy addresses this by first capturing the upper and lower limits of that opening interval (configurable to any duration) and shading the range on the chart as a rectangle. These bounds serve both as visual landmarks and precise trigger levels. Only when price breaks beyond the rectangle, revisits that boundary, and breaks out again does the strategy confirm entry, filtering out noise and isolating moves driven by actual market conviction.
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