TCM ORB Indicator
Boxes the opening range of the Asia, London and New York sessions, works out your broker's clock and the clock changes for you, and alerts you when a candle closes outside the range, with a stop and target already drawn.
- MT4 + MT5
- Version 1.00
- Automatic session times
- Phone alerts
Illustration with made-up candles.
When will the ranges appear on your chart?
Most brokers' MT4 and MT5 servers don't run on UK time, and the UK, US and Japan change their clocks on different dates. Pick a date and your broker's clock to see what the indicator works out for you.
One clean setup per session
Three sessions, each in its own colour
Asia (Tokyo 09:00), London (08:00) and New York (09:30), each on its local clock. Switch any of them off.
Range length you choose
The first 15, 30 or 60 minutes after the open, or any timeframe you set.
Breakouts confirmed on candle closes
An arrow and alert only when a candle closes beyond the range, never on a wick.
Stop and target drawn for you
Stop beyond the far side of the range plus an optional buffer, target at the reward multiple you set.
Knows when to stop
Breakouts from one session end when the next opens, and no new ones after your cut-off time.
Plan a breakout by hand
Enter the breakout close as the entry and the far side of the range as the stop.
Every input, in plain English
| Setting | What it does | Default |
|---|---|---|
| Session times | Automatic (finds your broker's clock) or manual hours | Automatic |
| Opening range length | Timeframe of the range, e.g. M30 = first 30 minutes | M30 |
| Show London / New York / Asia | Switch each session on or off | On |
| End at the next open | Stops one session's breakouts when the next session opens | On |
| Days of boxes to show | How many days of ranges stay on the chart | 5 |
| No new breakouts after | Cut-off time (manual mode) | 20:00 |
| Show entry, stop and target | Trade plan lines on each breakout | On |
| Reward multiple | Take-profit as a multiple of the risk | 1.0 |
| Stop buffer | Extra distance beyond the range for the stop, in points | 0 |
| Alerts | Pop-up on a new breakout; optional phone push | On · Off |
| Colours and arrows | Range colours per session, arrow size and colours | – |