Intraday Master Levels + ORB Suite (ARJO)

Intraday Master Levels + ORB Suite (ARJO)

This toolkit is designed for intraday traders.
It focuses on key reference levels used by professional traders— Previous Day High/Low, CPR, Opening Range Breakout (ORB), dynamic ORB box visualization, and a dedicated Morning Session VWAP.

This indicator provides objective reference zones to help traders understand market context, volatility, and intraday bias.

Key Features
1. Previous Day Levels (PDH / PDL)

Automatically plots Previous Day High, Previous Day Low, and optional labels.
These levels often act as natural support/resistance and help identify breakout traps or reversals.
2. Full CPR (Central Pivot Range)

The indicator draws:

• Top Central (TC)
• Pivot (PP)
• Bottom Central (BC)

These levels help traders interpret range, trend, expansion, contraction, and potential intraday direction.
3. Opening Range (OR) Levels

You can select 5 / 10 / 15 / 30 / 60 minutes OR duration.
The script automatically calculates:

• Opening Range High (ORH)
• Opening Range Low (ORL)

Works in all markets and follows your chosen timezone.
4. ORB Highlight Box

A dynamic Opening Range Box is plotted during the OR window, showing:

• Real-time OR expansion
  
• Volatility
  
• Initial auction imbalance
  

This helps visually track early market participation and breakout attempts.

5. Used Smoother Function (Ehlers SuperSmoother)

A refined trend ribbon based on:

• EMA-based secondary smoothing
• Adaptive up/down color gradients

Useful for understanding short-term trend strength around OR, CPR, and PDH/PDL zones.

6. Morning Session VWAP (Custom Session VWAP)

A unique feature in this script.
The indicator computes a dedicated VWAP only for the Morning Session (09:15–09:30)(customizable) to help evaluate:

• Early-session pressure
• Liquidity transition
  
• Opening volatility absorption

This helps track where the market is accepting or rejecting price during the opening phase.

Inputs & Customization

• Custom timezone selection
  
• Toggle for PDH/PDL, CPR, OR, ORB Box, Labels
  
• Color customization for each level
  
• Trend color settings
  
• Adjustable opening range duration
  
• VWAP session toggle
  

All features can be enabled/disabled to make it user-friendly.

Disclaimer:

This indicator does not provide buy or sell signals.
It is a visual analysis tool meant to assist traders in studying intraday behavior.
Past performance does not guarantee future results.
Always combine these levels with risk management and your own market analysis.

Happy Trading (ARJO)