Breakout Open Range (ORB) v3.3

This is an advanced version of the classic Open Range Breakout (ORB) strategy, designed for precision and ease of use. It automatically identifies the initial volatility range of a trading session (e.g., London or New York Open) and projects clear Breakout and Take Profit levels.

v3.3 Update: Optimized for a cleaner chart and easier configuration.

KEY FEATURES:

1. User-Friendly Time Input:
No more typing complicated session strings! Now you can simply select the Start Hour/Minute and End Hour/Minute using easy number fields in the settings.

2. Clean Chart Logic (New):
The indicator now automatically resets all lines at the start of a new day. The chart remains completely empty until your defined start time (e.g., 15:30), preventing old levels from cluttering the pre-market view.

3. 1:1 Take Profit:
Automatically calculates and plots a Take Profit level based on a 1:1 Risk/Reward ratio relative to the range size.
*Note:* TP lines appear only AFTER the range formation is complete to maintain visual clarity.

4. Dynamic Price Labels:
Displays exact price levels on the right side of the chart for:
- Entry (Long/Short)
- Stop Loss positions
- Take Profit targets
- Total Range Size

HOW IT WORKS:
1. Define your Open Range time in the settings (e.g., 15:30 to 16:15).
2. The script draws the High and Low of this period.
3. Wait for a candle to close outside the range:
- Breakout Above = Long Signal (Target: Blue Upper Line)
- Breakout Below = Short Signal (Target: Blue Lower Line)

SETTINGS:
- Timezone & Session Hours (simple number inputs)
- Toggle visibility for Lines, Background, TP, and Labels
- Fully customizable colors

Perfect for day traders looking for an objective, automated way to trade the opening bell volatility.