The ORB Dashboard indicator
A settings walkthrough for the free ORB Dashboard v2 indicator (by Czernio) — version 2.0 puts the opening range, the volatility (ATR) read, the Bollinger-Band trend and a live news table into a single indicator. Below, every setting that matters and what to look out for. Want to know what the numbers mean first? Start with how to use the Orbit System.
Get the indicator
The ORB Dashboard is a free TradingView indicator by Czernio. Open its script page, click Add to chart, and drop it on the market you want to watch. A free TradingView account is enough.
Use version 2.0 — it rolls everything the opening-range breakout needs into a single indicator (next step).
- Free, and runs on the free TradingView plan.
- Add it to whichever market matches the symbol you studied in the statistics (NQ, ES, gold, crude, bitcoin…).
- It draws the opening range, a volatility (ATR) read, the Bollinger-Band trend and a live news table — all at once.
Do I need a paid TradingView plan?
Not to add or use the indicator — that's free. For trading the open on futures you'll want a paid plan with real-time data, because the free plan delays futures ~10–15 minutes, which is fatal when the edge is in the first minutes after the open. If you trade the matching CFD or cash index, real-time data is usually included.
Is this the same as the TLFX statistics tool?
No. The indicator is a third-party TradingView script that visualises the breakout live; the statistics tool is the historical study. Study the edge in the stats, then watch for it live with the indicator.
Everything in one indicator
The big win in v2.0: it combines what used to be several tools — the opening-range plot, the stats dashboard, a live news table and the Bollinger-Band trend — into one indicator (it even folds in LuxAlgo's open-source opening-range-breakout code).
That matters most on the free TradingView plan, which only allows two indicators on a chart at once. The breakout setup needs at least three readings, which used to be a constant juggling act — now it is a single indicator, leaving your second slot free.
- One indicator = opening range + dashboard + news + Bollinger trend.
- Frees a slot on the free TradingView plan (2-indicator limit).
- Everything stays in sync because it is computed in one place.
Why was this a hassle before?
The free plan caps you at two indicators, but the setup needs three or more (range, volatility, trend, news), so you had to keep swapping them. v2.0 removes that by combining them.
Can I still choose what shows?
Yes — the dashboard size, the panels shown, the journal details and the colours are all adjustable in the settings (see the steps below).
Set the opening-range time
At the top of the settings, set the Opening Range (OR) time. The key thing: it is in the timezone your TradingView chart is set to — not exchange time. So if your chart is on Europe/Berlin, the New York 15-minute opening range is 15:30–15:45.
Check that the chart timezone (bottom of the TradingView window) matches what you intend, then size the dashboard and the news panel to taste (Normal / Large).
- OR time is entered in your chart's timezone, not the exchange's (Europe/Berlin → 15:30–15:45 for the NY open).
- Confirm the chart timezone at the bottom of TradingView.
- Dashboard and news-panel size are adjustable (Normal / Large).
What do I enter for the New York open?
Whatever 09:30 New York is in your chart's timezone — 15:30 on Europe/Berlin. Match the range length (15 / 30 / 60 min) to the one you studied in the statistics.
Why does the timezone matter so much?
If the window is set in the wrong zone, the opening-range box lands on the wrong candles and nothing else on the dashboard lines up.
Tune the volatility filter
Volatility is one of the biggest drivers of whether a breakout works. The Volatility Filter sets how small or large the opening range may be (as a % of ADR) for the dashboard to flag the day OK for breakout trading. A good starting window is roughly 15–60% (tighter, ~15–50%, for sub-strategies).
It updates live as the range forms, so the OK / not-OK verdict reacts in real time. The whole read is based on ATR — leave the ATR length at 3; it has held up well over the last months and years.
- Volatility filter = the min/max OR size (% of ADR) for an "OK" day; start ~15–60% (15–50% for sub-strategies).
- ATR length: leave at 3.
- The verdict recalculates live while the opening range builds.
What does the "OK" flag mean?
The day's opening range fell inside your volatility window — historically the better condition for a breakout. Outside it, treat the setup with more caution.
Should I change the ATR length?
Not to start — 3 is the tested default. Tune the volatility window to what the statistics show for the market you trade.
Read the trend with Bollinger Bands
v2.0 can draw the Bollinger Bands right on the chart (with your chosen deviations) and label the zone — neutral, bullish, bearish or strong — based on where the opening range's key closes sit.
The dashboard mirrors this: it classifies the OR Open, the ORB Close and the Trigger bar, then reports whether conditions are neutral / bullish / bearish / strong — i.e. how overbought or oversold price is.
- Bollinger Bands optionally drawn on the chart, labelled by zone.
- The dashboard classifies three prices — OR Open, ORB Close, Trigger bar.
- Result: neutral → bullish/bearish → strong, showing how stretched price is.
How is the trend decided?
From where those opening-range closes sit on the Bollinger Band — the same idea as the statistics tool's "Opening trend" filter, so the live read and the historical study speak the same language.
Do I have to show the bands?
No, it is optional — but drawing them makes the dashboard's trend read easy to sanity-check at a glance.
Watch the news
News is a very important factor for opening-range-breakout profitability, and v2.0 has a live news table built into the same indicator — no separate tool. Size it however you like.
In the news settings you can filter by impact (high / medium / low), show holidays, and choose the range — just today, or the whole week at a glance.
- Real-time news, inside the same indicator.
- Filter by High / Medium / Low impact; holidays shown.
- Range: today only, or the whole week.
Why care about news for breakouts?
A scheduled high-impact release can completely change how the open behaves. Knowing it is coming keeps you out of low-quality setups — or ready for the volatility.
Is the news table the final word?
Treat it as a fast heads-up and still confirm the big releases against your own economic calendar.
Read the result and trade it
The dashboard's Final Result pulls it together: a news check, how big the trigger bar is relative to the opening range, where it closed versus the range, and how many candles it took to break. You can also switch on journal / extended-journal details (with explanations) and recolour everything to taste.
Use it as a checklist — is volatility OK, is the trend aligned, is there no high-impact news working against you, and is the trigger clean? When the live read lines up with what the statistics say happens under those conditions, you have a high-quality setup.
- Final Result = news check + trigger size vs OR + close vs OR + candles-to-breakout.
- Optional journal / extended-journal details and full colour customisation.
- Best used alongside the Orbit System and your own rules.
How do I combine it with the statistics?
Read today's conditions off the dashboard (volatility, trend, news), then set those same filters in the statistics tool to see how breakouts behaved historically under exactly those conditions.
Can I automate this instead?
Yes — the ORB Revolution EA trades the opening-range breakout for you in MetaTrader 5, so you do not have to watch the open by hand.
This guide is educational and describes general market behaviour for the opening-range breakout. It is not trading advice, a signal service or a guarantee of future results. The ORB Dashboard indicator is a third-party TradingView script by Czernio. Trading financial instruments carries substantial risk — never risk money you cannot afford to lose.