Opening Range Breakout Scanner (ORB)

Opening Range breakout scanner scans for stocks breaking opening range of 15 minutes, 30 minutes and 45 minutes. Example 45 minute pening Range Breakout means stocks which is crossing 45 minutes range after market open,ie, 10AM . ORB When used along with PRB ( previous day High Low Breakout) around 9:45AM to 10AM , can give good intraday stocks... Read more

Symbol LTP ORB Price ORB Time Deviation from Pivots TODAYS RANGE

What is an Opening Range Breakout Strategy?

Opening Range Breakout Strategy is one of the best strategies to create profits in the stock market, specially in intraday trading. The trading volume and volatility is high after the market opens. It generally cools after 30 or 45 mins.

How to select Opening Range Breakout stocks using Intraday Screener?

  • In 30 mins ORB, you will find out the stocks, which has broken its range (Formed from 09:15AM to 09:45AM i.e. 30 mins).
  • The breakout will happen after 9:45AM, and accordingly, you can take buy and sell positions.
  • In 30 mins ORB + PRB, you will find out the stocks, which have broken its range (Formed from 09:15AM to 09:45AM i.e. 30 mins and also broken its Previous day’s High or Low).
  • In 45 mins ORB, you will find out the stocks, which has broken its range (Formed from 09:15AM to 10:00AM i.e. 45 mins).
  • The breakout will happen after 10:00 AM, and accordingly, you can take buy and sell positions.
  • In 45 mins ORB + PRB, you will find out the stocks, which have broken its range (Formed from 09:15AM to 10:00AM i.e., 45 mins and also broken its Previous day’s High or Low).
  • Now, You have to check the market trend and stock trend. (It’ll be great if both of them correlate)

Example:

Both Moving Upside and stock gave a breakout, Can take the Buy Position and Vice-versa (To be more accurate).

How to use the Open Range Breakout Scanner?

Calculating and picking the right stock using the opening Range breakouts strategy is an easy process. You can find the stocks breaking Opening range of 30 min, 45mins, 30mins ORB+PRB, 45mins ORB+PRB along with LTP, orb price, orb time. According to the breakout you can start taking positions.

In the Open Range Breakout Strategy, you can find the stocks breaking Opening range of 15 minute opening range breakout scanner, 30 minute opening range breakout, 15mins ORB, 15mins ORB+PRB, 45mins ORB, 30mins ORB, 60 mins. ORB, 30mins ORB+PRB, 45mins ORB+PRB, 60mins. ORB+PRB. Here you can find the data of stocks symbol name, last traded price(LTP), ORB Price, ORB time.

Open Range Breakout – example

Let us take an example of “UPL Ltd” stock in trading view which shows the opening range, high and low levels. Down below the image shows the opening range breakout at 10:15AM to 10:30AM (Candle) and also has broken its previous Day High. Meaning Bullish. So at 10:30 we take a Buy Position in UPL Ltd.

Opening Range Breakout Example