GardFx - Fusion - ORB

Fusion ORB & Bias Monitor

This indicator is a comprehensive toolkit designed for session-based traders. It combines an Opening Range Breakout (ORB) visualizer with a Multi-Timeframe (MTF) trend bias dashboard. It is designed to help traders identify key session levels while keeping track of the broader market trend.

How it Works

1. Opening Range Breakout (ORB) Lines The script identifies the High and Low prices established during the first 15 minutes of a specific session or a manually defined start time.

Calculation: The script tracks the high and low values of candles occurring within the 15-minute window defined by the user settings. It then projects these levels forward using line.new.

Reset Logic: The lines automatically reset at the start of a new session (London or New York) or at specific reset times to ensure the chart remains clean for the next trading opportunity.

2. Multi-Timeframe Bias Dashboard The dashboard provides a quick "Bullish" or "Bearish" sentiment check across four timeframes: Daily, 4-Hour, 1-Hour, and 15-Minute.

Methodology: The script uses request.security to fetch the closing price and a 50-period Exponential Moving Average (EMA) for each timeframe.

Signal:

Bullish: Current Close > 50 EMA

Bearish: Current Close < 50 EMA

3. Exchange Clock & Session Tracker A built-in clock displays the current Exchange Time and identifies the active trading session (Asia, London, or New York). This uses timenow and timezone-specific checks to account for Daylight Savings Time shifts between London and New York.

Settings

Automate Session Times: Toggles between automatic detection of London (08:00) and NY (09:30) opens, or a manual user-defined start time.

Manual Start Hour/Minute: Defines the start of the ORB calculation if automation is disabled.

Bias EMA Length: Adjustable length for the trend detection EMA (Default: 50).

Visuals: Users can customize line colors, width, and toggle the mid-line display.

Usage This tool is best used on lower timeframes (e.g., 1-minute or 5-minute) to visualize the 15-minute opening range boundaries. Traders often observe price action around these high/low lines to determine potential breakouts or reversals, using the MTF Dashboard to align trades with the higher timeframe momentum.