Opening Range Breakout & Initial Balance - PRO Multi-Timeframe Analyzer for Sierra Chart

$149

Master the Opening Range Breakout strategy across multiple timeframes simultaneously with ORB PRO Analyzer Multi-Timeframe Edition, a professional-grade Sierra Chart ACSIL study designed for traders seeking high-probability breakout setups, comprehensive performance tracking, and intelligent quality scoring for every OR period.

All calculations are grounded in proven Opening Range methodology, volatility analysis (ATR), volume dynamics, and statistical breakout patterns used by professional intraday traders worldwide.

What ORB PRO Analyzer Does:

Tracks and analyzes Opening Range formations across 6 different timeframes simultaneously (30 seconds, 3min, 5min, 15min, 30min, 60min), providing real-time breakout signals, statistical edge validation, and performance metrics to help you identify the highest-probability opening range / initial balance setups each session.

Key Features:

✅ Multi-Timeframe OR Tracking: Monitor 6 timeframes at once - from ultra-short 30-second ORs to traditional 60-minute ranges

✅ Intelligent Quality Score System: Each OR gets rated 0-100 based on:

Range vs ATR ratio (volatility context)
Volume concentration (participation strength)
Directional clarity (clean price action)
Breakout speed (momentum confirmation)
Pattern validity (false breakout detection)

✅ Complete Performance Analytics:

Breakout Rate, Hold Rate, Retest Rate
Average Time to Breakout
Maximum Excursion tracking
5-day and 20-day historical statistics

✅ SL/TP Performance Dashboard:

Win Rate, Average Win/Loss, Expectancy
Profit Factor, Best/Worst trades
Win/Loss streak tracking
Fully configurable Stop Loss and Take Profit levels

✅ Visual Excellence:

OR High/Low lines with customizable colors
OR extensions (100%, 200%, 300%, 400%) for profit targets
Mid-line for context
Previous days' OR levels overlay
Three professional dashboards with 4 color schemes

✅ Real-Time Alerts:

Audio alerts on breakout
Configurable sound selection

✅ Adaptive & Configurable:

Custom session times
Adjustable Quality Score thresholds
Breakout threshold in ticks
Dashboard positioning and sizing
Enable/disable any timeframe or feature

Important Usage Note:

ORB PRO Analyzer is a professional analysis tool providing statistical edge and quality assessment.

The Quality Score System helps you identify which OR setups have the highest probability characteristics based on:

Fresh setups (0-15 min after OR) vs aged setups
Strong volatility context (good Range/ATR ratio)
High volume participation during OR formation
Clean directional moves without chop
Fast breakouts relative to OR period length

Recommendation: Trade only setups scoring 75+ after OR completion for optimal edge.

Why Use ORB PRO Analyzer:

Turn the Opening Range Breakout methodology into a data-driven, multi-timeframe edge:

🎯 Identify the strongest OR setups before they break using Quality Scores
📊 Know your edge statistically - see which timeframes perform best on your instrument
⚡ React faster - get alerted the moment breakouts occur
📈 Track performance - see real SL/TP results over 5 and 20 days
🔍 Compare timeframes - discover which OR period works best for your style
⏰ Time-aware recommendations - system warns when setups are stale or expired

Key Benefits:

✅ Professional-grade ACSIL study optimized for Sierra Chart
✅ Works with any intraday chart timeframe
✅ Three comprehensive dashboards provide complete market intelligence
✅ Quality Score eliminates guesswork - know which setups to trade
✅ Performance tracking shows exactly what's working (and what's not)
✅ Multi-timeframe view reveals the complete OR landscape

Recommended Use:

📌 Futures and Indices: E-mini S&P 500, NQ, YM, RTY, GC, CL and other liquid instruments
📌 Intraday Trading: Scalping to swing within session
📌 Chart Types: Range, Renko, Volume, Minutes
📌 Session Trading: Perfect for RTH (Regular Trading Hours) strategies
📌 Confluence Trading: Combine with VWAP, Market Profile, or key S/R zones

Popular setups:

5-minute OR for traditional intraday breakouts
30-minute OR for larger session moves
3-minute OR for scalping during high volatility
Multiple timeframes combined for confluence confirmation

Installation:

1️⃣ Receive the dll file.
2️⃣ Copy the DLL into your Sierra Chart → Data folder
3️⃣ Open Sierra Chart → Analysis → Studies → Add Custom Study
4️⃣ Select "ORB PRO Analyzer - Multime-Timeframe Edition"
5️⃣ Configure your session times, timeframes, and dashboard preferences
6️⃣ Start trading with statistical edge and quality-scored OR setups

🎯 Master the Opening Range with ORB PRO Analyzer

Transform the classic OR breakout strategy into a sophisticated, multi-timeframe system with quality scoring, performance tracking, and intelligent alerts - giving you the edge you need to identify and execute the highest-probability setups every session.

🔐 Activation Note:

⚠️ Before activation, your Sierra Chart Username is required. Once provided, the study will be fully activated within 24 hours.

Find it in Sierra Chart under:
Help → About → SC Username
or via your Sierra Chart account online.

Send your username to: contact@tradingedgeresources.com

Due to the nature of digital products, all sales are final. No refunds will be issued after purchase. While visual elements can be customized, the core formulas themselves cannot be accessed or modified.

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Size

974 KB