MQT_ORB_PercentRange

Opening Range Expansion in Percentage Terms

MQT_ORB_PercentRange shows how much of the full trading session’s range is created during a specific intraday window such as the Opening Range. Real‑time percentages and optional historical averages provide immediate volatility context.

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Key Features

Intraday vs Full Session

Quantifies how much of the day’s total range forms early.

Configurable Time Windows

Supports any session, including non‑RTH and overnight windows.

Live Percentage Output

Instant feedback on volatility expansion as the session unfolds.

Backtest Averages

Compare today’s ORB strength to historical norms.

Fixed Chart Display

Clean, non‑intrusive text drawn in a fixed chart location.

Automatic Daily Reset

Each trading day is tracked independently with archived history.

Chart Examples

NQ – ORB Percentage

Opening range contribution vs full session

ES – Historical Context

Live percentage compared to backtest average

GC – Volatility Expansion

Early session strength measured against full range

How It Works

1

Track Two Windows

High/low values are recorded for intraday and full‑day windows.

2

Calculate Percentage

The intraday range is divided by the full session range.

3

Store History

Daily values are saved for rolling backtest averages.

4

Display Results

Results are shown as fixed text directly on the chart.

FAQ

Does this repaint?

No. All values are calculated on completed bars only.

Can I change the ORB times?

Yes. Both windows are fully configurable.

What does Backtest Days do?

It controls how many prior sessions are averaged.

Is this instrument‑specific?

No. It works on any market or timeframe.

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