This indicator identifies pivot highs and lows using a swing lookback period and connects them with trendlines on the price chart. It generates long and short entry signals when price moves through predefined percentage thresholds in three steps for buy and se
Indicator · Pine Script v6 · On the chart
Day Trading Strategy v1
The Day Trading Strategy v1 indicator displays key intraday technical levels and signal markers on the main price chart.
GitHub stars2on the repository
Pine versionv6current
Lines of code351
Settings23inputs
LicenceNone stated
Last update6 months ago28 Apr 2026
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 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
Day Trading Strategy v1 plots standard 8 and 21 SMAs, multi-timeframe 200 SMAs (5m, 10m, 1h), session VWAP, pre-market high/low levels, and the initial 9:30–9:45 ET opening range. The script detects pre-market breakouts and flags pullback setup bars, known as Patience Candles, using colored triangle markers. A visual warning appears when prices are close to the hourly 200 SMA. Users can toggle individual technical elements and adjust colors, line thickness, or warning distances.
- Pre-market high and low levels
- Opening range visualization
- Multi-timeframe 200 SMA overlays
- Patience Candle pullback markers
- Hourly 200 SMA proximity alerts
Details
Published by
mhs54 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Support & resistance, Sessions & time
Markets
Stocks
Timeframes
M1-M5, 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.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show 8 SMA | bool | true | show_8 |
| col_8 | color | color.blue | col_8 |
| width_8 | int | 1 | width_8 |
| Show 21 SMA | bool | true | show_21 |
| col_21 | color | color.purple | col_21 |
| width_21 | int | 2 | width_21 |
| Show 5min 200 SMA | bool | true | show_200_5m |
| col_200_5m | color | color.orange | col_200_5m |
| width_200_5m | int | 2 | width_200_5m |
| Show 10min 200 SMA | bool | true | show_200_10m |
| col_200_10m | color | color.yellow | col_200_10m |
| width_200_10m | int | 2 | width_200_10m |
Show all 23 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Hourly 200 SMA | bool | true | show_200_1h |
| col_200_1h | color | color.red | col_200_1h |
| width_200_1h | int | 2 | width_200_1h |
| Show VWAP | bool | true | show_vwap |
| col_vwap | color | color.teal | col_vwap |
| width_vwap | int | 2 | width_vwap |
| Show PMH / PML (last 5 days) | bool | true | show_pm |
| Line color | color | color.white | col_pm |
| Show Opening Range (9:30–9:45) | bool | true | show_or |
| Show Patience Candle Arrows | bool | true | show_pc |
| Hourly 200 SMA Warning Distance ($) | float | 1.0 | warn_sma_dist |
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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