The Opening Range Breakout Scanner / ORB Scanner, helps you quickly scan the stocks that are moving with directional bias soon after the market opening.
ORB Trading strategy is among the oldest trading techniques used by speculators since the beginning of stock markets.
Daytrading strategies based on ORB scanning is still among the all time favorite for most daytraders.
Over the time, daytraders tweaked the original ORB method by adding a few additional filters like Relative volume strength, 1st hour volume strength, price above or below yesterday’s high or low etc to increase the probability of success when trading ORB.
The commonly used time-frame for ORB daytrading strategy is the 1st hour Opening Range Breakouts.
15 min ORB & 30 min ORB tend to be more noisy than the 1 hour ORB strategy. However, some traders still have a liking for it.
The Free version of the FataFat Stock Screener supports screening for the 1st hour ORB Stocks.
15 min ORB Scanner & 30 min ORB Scanner for F&O stocks is available on the Premium Version.