# Ultimate Opening Range Breakout Turns the opening range into a full trading framework: BULL and BEAR BREAK signals graded by volume, expansion targets sized to the range, an ATR trailing stop with a five-setting optimizer, and a dashboard logging historical target hit rates. A built-in volume profile reveals the point of control behind each break. Built for traders of the market open. - Indicator in the LuxAlgo Library, by LuxAlgo, published Apr 8, 2026. - Access: free. - Concepts: [Opening Range & ORB](https://www.luxalgo.com/library/concept/opening-range-and-orb/) (primary) - Open on Vela: https://vela.luxalgo.com/chart?pineScriptCodeId=cmpwn6u17009nvhsgcq3avm4n - Page: https://www.luxalgo.com/library/indicator/ultimate-opening-range-breakout/ **Ultimate Opening Range Breakout** is the house's full-workflow take on the [opening range breakout](https://www.luxalgo.com/library/concept/opening-range-and-orb/): it brackets the high and low from a user-defined window, prints volume-graded break signals the moment price escapes, projects expansion targets sized to the range, and manages the position with an ATR trailing stop, while a dashboard logs how often each target has historically been reached. ## How to Trade the Ultimate Opening Range Breakout? - **BULL BREAK / BEAR BREAK**: printed when price clears the opening range high or low. - **(HV) and (LV) tags**: break volume above or below the 20-period average. High-volume escapes carry conviction, low-volume ones fail more easily. - **Expansion targets**: profit-planning levels scaled to the range's size, adapting to each day's volatility. - **Hit Rate dashboard**: how often Targets 1-3 have been reached historically, a reality check for exits. - **The range's POC**: an internal volume profile reveals the [volume point of control](https://www.luxalgo.com/library/concept/point-of-control/) of the opening range. Breaks holding away from it suggest acceptance; quick returns warn of failure. The ATR trailing stop adapts to volatility, while the Stop Optimizer simulates five multiplier settings to show which held up best on past data. ## Ultimate Opening Range Breakout Settings - **Opening Range Session** and **Timezone**: the window that forms the range (0930-1000 is a common choice) and its clock. - **Range Source**: High/Low extremes or Close values for stricter confirmation. - **Extension Type**: Multiples of the range or Fibonacci levels (0.382, 0.618, 1.0). - **Number of Rows / Profile Width**: the volume profile's resolution and footprint. - **ATR Multiplier** and **Show Stop Optimizer**: trailing stop sensitivity, plus the five-setting comparison engine. - **End Plotting At**: stop drawing at a chosen market close to keep charts clean. ## Frequently Asked Questions ### Which opening window should I use? A classic choice is the opening half hour of the New York cash session, but the session and timezone inputs accept any exchange or schedule. Shorter windows give earlier but noisier levels; longer ones firm up but print later. ### How does it differ from Opening Range with Breakouts & Targets? [Opening Range with Breakouts & Targets](https://www.luxalgo.com/library/indicator/opening-range-with-breakouts-targets/) covers the core: range, breaks, and projected targets. The Ultimate build adds volume-graded signals, the interior profile with its POC, stop optimization, and hit-rate statistics. ### Is the Ultimate Opening Range Breakout free? Yes, available at no cost on the LuxAlgo Library; this page can send it into Quant, our coding agent, to backtest an opening range strategy end to end. You can also copy the source code from this page and run it anywhere Pine Script® runs. ## Related indicators - [Opening Range with Breakouts & Targets](https://www.luxalgo.com/library/indicator/opening-range-with-breakouts-targets/) (Opening Range & ORB): markdown at https://www.luxalgo.com/library/indicator/opening-range-with-breakouts-targets.md - [9:30 AM 15m Fib Breakout](https://www.luxalgo.com/library/indicator/9-30-am-15m-fib-breakout/) (Opening Range & ORB): markdown at https://www.luxalgo.com/library/indicator/9-30-am-15m-fib-breakout.md - [DR/IDR Candles](https://www.luxalgo.com/library/indicator/dr-idr-candles/) (Opening Range & ORB): markdown at https://www.luxalgo.com/library/indicator/dr-idr-candles.md - [8AM 1H Range & Breaks](https://www.luxalgo.com/library/indicator/8am-1h-range-breaks/) (Opening Range & ORB): markdown at https://www.luxalgo.com/library/indicator/8am-1h-range-breaks.md - [8am Road Map Zone](https://www.luxalgo.com/library/indicator/8am-road-map-zone/) (Opening Range & ORB): markdown at https://www.luxalgo.com/library/indicator/8am-road-map-zone.md - [Gap Rules Interaction](https://www.luxalgo.com/library/indicator/gap-rules-interaction/) (Time, Sessions & Seasonality): markdown at https://www.luxalgo.com/library/indicator/gap-rules-interaction.md - [Asia Sweep Reversals](https://www.luxalgo.com/library/indicator/asia-sweep-reversals/) (Time, Sessions & Seasonality): markdown at https://www.luxalgo.com/library/indicator/asia-sweep-reversals.md - [Sessions](https://www.luxalgo.com/library/indicator/sessions/) (Time, Sessions & Seasonality): markdown at https://www.luxalgo.com/library/indicator/sessions.md --- Source: https://www.luxalgo.com/library/indicator/ultimate-opening-range-breakout/ (LuxAlgo Library). Free to use with attribution: https://www.luxalgo.com/library/license/