This ORB indicator for TOS automatically plots the high and low of the opening range, and gives you an alert when price breaks out of this range. A label tells you how large the opening range is, and changes color depending on whether price is above, below, or inside the range. This indicator can also display possible price targets, which are the high of the range plus the range distance, and the low of the range minus the range distance.
This scan will search for symbols that are breaking out of the opening range for the first time today. You can either search for real-time breakouts or confirmed breakouts from one bar ago.
Both the indicator and the scanner can be customized to change the opening time and how long the opening range lasts. The indicator and scanner work with stocks, futures, and forex on any time frame, but do not work on tick or range charts.
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