Nova Trades Scalper ORB
Precision ORB scalper for fast-moving futures traders
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
Features
- Opening Range Tracking: Automatically identifies and plots the high/low of the first X minutes after market open (9:30 AM ET)
- Smart Breakout Detection: Only signals when breakouts are confirmed with Fair Value Gap (FVG) formation
- Multi-Confluence Filtering: Combines 5 different technical factors for high-probability entries
- Automatic Stop Loss & Take Profit: Uses ATR-based calculations with 1:2 risk-reward ratio
- Real-Time Table: Shows current confluence scores and indicator statuses
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