Forven S01512 — Monday Drift is a calendar-based long trading strategy designed to exploit time-based recurring market patterns. It tracks UTC calendar days and hours to enter a long position at a specified day and hour, holding it for a fixed duration until a
Strategy · Pine Script v5 · On the chart
Buy Before Close, Sell After Open (NYSE)
This time-based strategy trades overnight holding periods on the New York Stock Exchange, plotting execution labels directly on the price chart.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code27
Settings1inputs
LicenceGPL-3.0
Last update2 years ago22 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
27 lines of Pine Script v5 from buy-open-sell-close-strat.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © jawauntb
//@version=5
strategy("Buy Before Close, Sell After Open (NYSE)", overlay=true, default_qty_type=strategy.fixed)
// Define session for NYSE
sessionNY = input("0930-1600:12345", title="Session Input")
// Define an anchor on session changes
isNewSession() =>
timeframe.isdwm or (not na(time("1D", sessionNY, "America/New_York")) and na(time("1D[1]", sessionNY, "America/New_York")))
var float buyPrice = na
// Buy 10 minutes before the session ends
if (hour(time("1", sessionNY, "America/New_York")) == 15 and minute(time("1", sessionNY, "America/New_York")) == 50) and isNewSession()
strategy.entry("Buy", strategy.long, qty=4)
buyPrice := close
// Sell 10 minutes after the session starts
if (hour(time("1", sessionNY, "America/New_York")) == 9 and minute(time("1", sessionNY, "America/New_York")) == 40) and not na(buyPrice)
strategy.close("Buy", qty=3)
// Visual confirmation of buy and sell points
plotshape(series=strategy.opentrades > 0 and isNewSession(), location=location.belowbar, color=color.green, style=shape.labelup, text="Buy")
plotshape(series=strategy.opentrades == 0 and isNewSession(), location=location.abovebar, color=color.red, style=shape.labeldown, text="Sell")
Overview
Buy Before Close, Sell After Open (NYSE) triggers a fixed long entry ten minutes before the regular session ends at 15:50 New York time. The strategy executes a partial exit ten minutes after the market opens at 09:40 the next trading day. Users can customize the session time string. It does not use any stop-loss or take-profit orders and leaves one unit of the position open without a full exit rule.
- Time-based NYSE session execution
- Pre-close long entry timing
- Post-open partial exit execution
- On-chart buy and sell signal labels
Details
Published by
jawauntb on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Sessions & time
Markets
Stocks
Timeframes
M1-M5, M15-H1
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Session Input | string | 0930-1600:12345 | sessionNY |
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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