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Supertrend
ORB

An opening-range breakout that only fires with the trend behind it. Supertrend sets direction, the morning range sets the level, and a volume gate keeps you out of dead sessions.

Free forever Non-repainting Built for 1m / 5m New-York session aware

Open on TradingView → How it works

S&P 500 E-mini · 1m ▲ uptrend armed

Type: Indicator + alerts
Engine: Supertrend + ORB
Repaints: No
Cost: $0

// the sequence

Four gates between the open and a trade

Nothing fires on a hunch. Each session has to pass the same checklist, in order, before a signal prints.

Read the open

For the first 15 minutes after 9:30 ET the indicator watches instead of signalling. It records the opening range — the session's first high and low — and measures how much volume came through the door.

Check the volume tier

That opening volume is compared to the recent average. A dead, low-volume open is skipped entirely — no signals all day. Decent and high-volume sessions earn the right to trade, with the stronger ones sized for a larger target.

Take the trend-aligned breakout

A close beyond the opening range triggers an entry only when Supertrend already agrees on direction and price sits on the right side of VWAP. An optional ADX filter steps aside in chop, so you're trading breakouts that have a trend behind them.

Manage the risk

The stop rides under the Supertrend line with an ATR floor so it never sits on top of price. Targets scale to the day's range or a fixed point goal, a minimum reward-to-risk gate vetoes lopsided setups, and every signal draws its reward and risk as boxes right on the chart.

// on the chart

What it looks like live

The whole state of the indicator reads off the band — no clutter, no second-guessing.

Supertrend Opening Range full chart on the S&P E-mini — **Figure 1:** Complete visualization on the S&P E-mini. A grey band marks the opening detection window, then Supertrend turns green below price in an uptrend and red above price in a downtrend. Breakouts in the trend direction print BUY / SELL labels, each with its reward-and-risk box drawn on the chart.

Skip-reason labels on a low-volume session — **Figure 2:** The volume gate doing its job. On a slow open, every would-be breakout is tagged skip: low vol and the session is stood down — the filter that keeps the indicator out of dead, choppy days instead of forcing trades.

// what you get

A clean chart and clear signals

Classic Supertrend band

Light-green band below price in an uptrend, red above in a downtrend, grey while the open is still forming. The trend is readable at a glance.

Volume tiers

A relative-volume gate that mutes slow sessions and scales targets up on active ones — the filter that keeps you out of chop days.

Trend & chop filters

VWAP bias and an optional ADX gate stack on top of Supertrend so a breakout has to earn its entry, not just touch a level.

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Visible risk

Every entry draws its reward and risk as boxes on the chart, with an ATR-floored stop and a minimum reward-to-risk veto.

Session shading

The morning and afternoon are tinted in New-York time, with a built-in status box that tells you exactly why it is — or isn't — trading.

Alerts & no repaint

Signals confirm on bar close and stay put. Wire them to alerts with one click and what you backtest is what you get.

// out of the box

Sensible defaults, every knob exposed

Tuned for the S&P E-mini on a 1-minute chart. Every value is adjustable, and the same settings port across the index futures.

Input settings panel — **Figure 3:** The input panel, grouped by job — session timing, Supertrend, volume tiers, targets and risk.

Default inputs● editable

Detection window15 min

Supertrend (ATR / factor)15 / 2.5

Volume lookback30 days

Target sizingAuto × range

VWAP hard filterOn

ADX trend filterOptional

Minimum reward : risk1.2

RepaintsNever

// a real session

Reading a full day

A full session example with managed entries and exit — **Figure 4:** A full session on the E-mini. The band tracks the trend through the day, position boxes lay out reward against risk on entry, and each trade is carried to a managed exit rather than a guess.

Risk disclosure

This script is provided free of charge for educational and informational purposes only. It is not financial advice, a recommendation, or a solicitation to trade. Trading futures and other leveraged instruments carries a substantial risk of loss and is not suitable for every investor. Backtested and hypothetical results have inherent limitations and do not guarantee future performance. You are solely responsible for your own decisions and risk management.