The Nova Trades ORB Indicator is a comprehensive trading tool designed for day traders who want to capitalize on opening range breakouts with high-probability setups.

🎯 What This Indicator Does This indicator tracks the opening range (first 5-60 minutes of market open) and generates BUY/SELL signals when price breaks out of this range with strong confluence support. It's specifically designed for futures markets like NQ, ES, and their micro counterparts.

📊 Confluence Factors The indicator analyzes 5 key factors before generating signals:

Daily Bias - Gap direction from previous day close MACD Histogram - Momentum confirmation (customizable thresholds) EMA Position - Price above/below exponential moving average ORB Breakout - Clean break above/below opening range FVG Formation - Fair Value Gap created during breakout

⚙️ Customization Options ORB Duration: Choose from 5m, 15m, 30m, 45m, or 60m opening ranges MACD Thresholds: Separate settings for MNQ1!, MES1!, and other instruments FVG Sensitivity: Adjustable gap size requirements Risk Management: ATR-based stop losses with 1x, 1.5x, or 2x multipliers Visual Settings: Complete color and size customization for all elements