ULTRON ORB Retest — Strategy by dhawal.chheda
By dhawal.chheda
Performance Metrics
- Author: dhawal.chheda
- Symbol: SPCFD:SPX
- Timeframe: 5 minutes
- Win Rate: 38.3%
- Profit Factor: 0.45
Description
> Skips the opening-range breakout, trades the retest — wick rejection plus a lower-volume gate confirm the level flip.## What it doesThis Pine v6 strategy builds the opening range (high/low) over the first 15 or 30 minutes of the US cash session, then ignores the initial breakout — it marks the break with a dim triangle as information only. It waits for price to pull back to the broken OR level, reject it with a wick, do so on lower volume than the breakout candle, and close on the breakout > Skips the opening-range breakout, trades the retest — wick rejection plus a lower-volume gate confirm the level flip.## What it doesThis Pine v6 strategy builds the opening range (high/low) over the first 15 or 30 minutes of the US cash session, then ignores the initial breakout — it marks the break with a dim triangle as information only. It waits for price to pull back to the broken OR level, reject it with a wick, do so on lower volume than the breakout candle, and close on the breakout