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 indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
Clarix 5m Scalping Breakout Strategy records the high and low of the initial fifteen minutes and generates breakout signals during the subsequent monitoring phase when price exceeds those levels while positioned in premium or discount zones. Inputs allow configuring session start time, pip targets, and visual zones. It plots buy and sell signal shapes directly over candles. Although titled as a strategy, it operates purely as an indicator without automated order execution or trade exits.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Take Profit (pips)
float
3
tp_pips
Stop Loss (pips)
float
45
sl_pips
Start Hour (GMT+3)
int
0
start_hour
Start Minute (GMT+3)
int
0
start_minute
Show Premium/Discount Zones
bool
true
show_zones
Premium Zone Color
color
color.new(color.red, 85)
premium_color
Discount Zone Color
color
color.new(color.green, 85)
discount_color
Equilibrium Zone Color
color
color.new(color.gray, 85)
equilibrium_color
Show Trade Table
bool
false
show_table
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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