EdgeTape ORB Pro
The free indicator shows you the levels. Pro tells you whether to trust the break — Opening Range and Initial Balance on one overlay, measured-move targets, and a volatility-regime filter that fades the signals in conditions where ORB historically falls apart.
At 09:45 ET it scores four factors — overnight direction, gap, prior-day body, ORB15 — into a conviction read. When all four agree (~1 in 3 days), the day went that way ~68% of the time and the continuation trade made +1.29R (NQ) — preliminary, on a small out-of-sample sample (n≈60, ±~12pp). The rest of the time it says STAND DOWN — it tells you when not to trade.
PRELIMINARY — a directional bias, not a win rate, on a SMALL out-of-sample sample (n≈60 high-conviction days). The ~68% / +1.29R figures carry a wide confidence band (≈±12pp on direction) and are NOT yet a graduated edge. Use the map as a conviction/STAND-DOWN filter, not a number to size off; it needs ~2× the sample before it earns the 'validated' label. Honest beats hype — including about our own numbers.
3-year Databento 1-min backtest · out-of-sample validated · net of slippage (2023–2026). ~42–48% win rate — a momentum-runner, not a hit-rate play; the edge is the 3R winners. The overnight-direction filter (continuation-of-continuation) lifts it from the ~40% unfiltered baseline. Fading the break loses. Not financial advice.
| Feature | Free | Pro |
|---|---|---|
| Opening Range (OR) high / low / mid | ✓ | ✓ |
| First-breakout markers + alerts | ✓ | ✓ |
| OR measured-move targets (1× / 2×) | ✓ | ✓ |
| Session Bias Map — 4-factor conviction | — | ✓ |
| Aligned PDH/PDL continuation entry + alerts | — | ✓ |
| Initial Balance (first-hour) levels | — | ✓ |
| IB extensions (market-profile) | — | ✓ |
| Overnight-range break signals + alerts | — | ✓ |
| Volatility-regime filter (VIX / ATR) | — | ✓ |
| Signal suppression in EXTREME regimes | — | ✓ |
| Regime readout in alerts + panel | — | ✓ |
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EdgeTape ORB Pro is a charting tool providing market context, not financial or trading advice. Trading futures carries substantial risk of loss. Billing and access are handled by Whop.