ORB + Untested Levels This comprehensive session-trading indicator is designed to help intraday traders map out institutional liquidity, define structural risk, and avoid low-probability market environments. By anchoring key Opening Range Breakout (ORB) zones and tracking unmitigated session levels, this script provides an objective framework for managing risk during volatile market opens.
Core Features
1. NY Morning ORB & Volatility Gauge (8:00 - 8:15 AM NY)
Plots the precise 8:00 AM - 8:15 AM New York Opening Range along with its structural Midpoint.
Dynamic Range Tracker: Instantly calculates and displays the exact point size of the ORB, allowing you to gauge initial morning volatility before the equities open.
2. Pre-Market "No Trade Zone" (NTZ)
Visually shades a No Trade Zone region to protect you from the treacherous choppy price action that often occurs during the pre-market lull.
This zone explicitly signals you to hold off on trading until the true institutional session volume enters the market at the 9:30 AM NY Equities Open.
3. Fully Customizable Session ORBs
Adapt to any trading schedule. You can independently toggle and customize Opening Ranges for multiple global sessions:
New York Session
Asia Session
Combined NY + Asia Overview
4. Untested Session Levels (Liquidity Pools)
Tracks unmitigated or "untested" historical session high/low levels that often act as powerful magnets for price.
Includes a customizable lookback period so you can decide how many past sessions to analyze for unreached liquidity.
5. Multi-Day Historical ORB Lookback
Keeps a historical lookback of the Previous Day ORBs (5 days by default) to help you see how price reacts to past structural zones.
Levels are cleanly extended to the right of your chart, serving as excellent support, resistance, or profit-taking targets for current intraday setups.
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