by 
This script monitors opening gap conditions and breakout behavior relative to the first candle's range across up to twenty configurable stock tickers. It detects whether following bars remain inside the opening range before breaking out, displaying the status
Strategy · Pine Script v5 · On the chart
algo-trade-indian
A strategy-type script for the price chart that marks the high, low and midpoint of the first part of each session, set by start hour and minute inputs, and alerts when price crosses above the high or below the low.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code317
Settings17inputs
LicenceNone stated
Last update2 years ago15 Jul 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
algo-trade-indian also plots VWAP and a 50-period EMA, pivot-based support and resistance with volume-confirmed break labels, and a moving average pair. The default capital is 100000 with a small fixed quantity. The supplied code shows plotting and alerts rather than clear order and stop rules.
- Opening range high, low and mid
- Day high and low cross alerts
- VWAP and 50 EMA
- Pivot support and resistance with break labels
- Fast and slow moving average pair
Details
Published by
akash-yellgetti on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Sessions & time, Support & resistance, Breakout
Markets
Indices, Stocks
Timeframes
M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | len | length |
| Start Hour | int | 9 | Start Hour |
| Start Minute | int | 30 | Start Minute |
| Show Breaks | bool | true | toggleBreaks |
| Left Bars | int | 2 | leftBars |
| Right Bars | int | 2 | rightBars |
| Volume Threshold | int | 2 | volumeThresh |
| Source | source | close | src |
| Fast Length | int | 5 | fastLen |
| Slow Length | int | 10 | slowLen |
| Exponential Moving Average | bool | true | ema |
| Slope | float | 0.5 | mult |
Show all 17 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Slope Calculation Method | string | Atr | calcMethod |
| backpaint | bool | true | backpaint |
| Up Trendline Color | color | color.green | upCss |
| Down Trendline Color | color | color.red | dnCss |
| Show Extended Lines | bool | true | showExt |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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