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
ES Absolute Trigger
This strategy captures the first bar of each new day as an opening range and plots those high and low levels on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code47
Settings0inputs
LicenceNone stated
Last update9 months ago14 Jan 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 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
ES Absolute Trigger enters one long position if price trades above the range high, or one short if price trades below the range low, then blocks further entries until the next day. Long exits use a 20-point limit above the close and a stop at the range low; short exits use a 20-point limit below the close and a stop at the range high. Position size defaults to one contract. The opening bar depends on the chart timeframe, and the profit limit moves with the close while a position is open.
- Daily opening range from the first bar
- One long or short entry per day
- 20-point profit target
- Stop at the opposite range level
- Trigger high and low plots
Details
Published by
knectardev on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Sessions & time, Support & resistance
Markets
Indices
Timeframes
Any timeframe
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.
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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