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
Breakout Strategy - Step by Step
A strategy built around the first regular-session candle of the US day in New York time, together with rejection levels collected from wicks formed during pre-market and after-hours sessions.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code249
Settings4inputs
LicenceCustom licence
Last update11 months ago3 Dec 2025
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
Rejection levels within a tolerance percentage are grouped. Options show rejection labels, a position projection and a debug table. The visible code covers level tracking, and entry, exit and stop loss rules are not visible in the supplied excerpt. It draws on the price chart.
- First regular-session candle capture
- Pre-market and after-hours rejection levels
- Rejection tolerance setting
- Optional labels, projection and debug table
Details
Published by
ognenmitev on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Sessions & time, Support & resistance
Markets
Stocks
Timeframes
M1-M5
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 |
|---|---|---|---|
| Rejection Tolerance % | float | 0.5 | rejectionTolerance |
| Show Rejection Labels | bool | true | showLabels |
| Show Position Projection | bool | true | showPositionProjection |
| Show Debug Info | bool | true | showDebugTable |
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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