Intraday Strategy : ORB + ADR
Simple, rule-based Intraday strategy combining ORB (Opening Range Breakout) + ADR (Average Day Range).
1️⃣ What ORB + ADR means (simple logic)
ORB → Direction trigger (Who is in control today?)
ADR → Movement filter (How much move is realistically left today?)
👉 We trade only when both agree
2️⃣ Chart & Indicator Setup
Timeframe
5-minute chart (best balance)
15-min for conservative traders
Indicators
ORB High / Low
Opening Range = first 15 minutes
ADR (14 or 20 days)
Calculate Daily High – Daily Low average
VWAP (optional but powerful)
Volume
3️⃣ Opening Range Rules (15-min ORB)
Between 9:15 – 9:30
Mark:
ORB High
ORB Low
No trades before 9:30
4️⃣ ADR Calculation (very important)
Formula
ADR = Average(High − Low) of last 14 days
Intraday ADR Levels
ADR High = Today Open + ADR
ADR Low = Today Open − ADR
👉 Rule:
If price already moved 60–70% of ADR,
❌ Do NOT take fresh trades
5️⃣ Strategy Rules (Core Part)
🟢 BUY Setup (ORB + ADR)
Conditions
Price breaks above ORB High
5-min candle close above ORB High
Volume > average
Price above VWAP
Used ADR ≤ 50–60%
Entry
Buy above breakout candle high
Stop Loss
ORB Low
OR
Breakout candle low (tight SL)
Targets
T1 = ORB range size
T2 = 80% of ADR
Trail after T1
🔴 SELL Setup (ORB + ADR)
Conditions
Price breaks below ORB Low
5-min close below ORB Low
Volume expansion
Price below VWAP
Used ADR ≤ 50–60%
Entry
Sell below breakdown candle low
Stop Loss
ORB High
ORBreakdown candle high
Targets
T1 = ORB range
T2 = 80% ADR
Trail after T1
6️⃣ ADR Filter (MOST IMPORTANT – many ignore this)
| ADR Used | Action |
|---|---|
| < 40% | Aggressive trades allowed |
| 40–60% | Normal trades |
| 60–70% | Only quick scalps |
| > 70% | ❌ No new trades |
👉 This avoids late entries & reversals
7️⃣ Best Stocks for ORB + ADR
✅ High liquidity
✅ Tight opening range
✅ Index heavyweights
Examples
BankNifty stocks
Nifty50 stocks
Stocks with ADR ≥ 2%
8️⃣ Common Mistakes (Avoid these)
❌ Trading before ORB completes
❌ Ignoring ADR exhaustion
❌ Taking breakout inside VWAP chop zone
❌ Over-targeting after 80% ADR move
9️⃣ Simple ORB + ADR Checklist (Save this)
☑ ORB marked (15 min)
☑ Breakout candle close
☑ Volume confirmation
☑ VWAP alignment
☑ ADR used < 60%
☑ Defined SL & Target
10️⃣ Variations (Advanced – optional)
ORB + Previous Day High/Low
ORB + Gap Up / Gap Down
ORB + Index confirmation
ORB fakeout trade near ADR extreme (mean reversion)
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