This strategy plots on the price chart and combines an opening-range breakout with gap-fill logic. It builds the range from a fixed 9:30 start for a user-set number of minutes, then marks breaks of the range high or low. Gaps are classed as full or partial fro
Strategy · Pine Script v6 · On the chart
ES Professional Fade (Execution Gap Modeled)
This strategy fades opening gaps on ES during the New York regular session and draws on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code196
Settings16inputs
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 Professional Fade (Execution Gap Modeled) checks the gap against a minimum percentage, a minimum point size, and an optional ATR multiple, then uses a five-, fifteen-, or thirty-minute opening range. A NYSE TICK extreme filter can veto entries after repeated extremes. Near the open it can apply an execution penalty and uses stop orders. Exits include a take-profit or stop-loss, a bar-count timeout, and an end-of-day close, with a daily trade limit.
- Opening-range gap fade entries
- NYSE TICK breadth veto
- ATR and percentage gap filters
- Execution penalty near the open
- Timeout and end-of-day exits
Details
Published by
knectardev on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Mean reversion, Sessions & time, Volatility & bands, Breakout
Markets
Indices
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 |
|---|---|---|---|
| Backtest Start Date | time | timestamp("2025-10-01 00:00") | startDateInput |
| Backtest End Date | time | timestamp("2026-01-08 23:59") | endDateInput |
| Min Gap % | float | 0.20 | gapMinPctInput |
| Opening Range (Min) | int | OR_LENGTH_15MIN | openingRangeLengthInput |
| Breadth Filter (TICK extreme) | int | DEFAULT_TICK_FILTER | tickFilterInput |
| TICK veto lookback (bars) | int | DEFAULT_TICK_LOOKBACK | tickLookbackInput |
| TICK veto count | int | DEFAULT_TICK_VETO_COUNT | tickVetoCountInput |
| Max Hold (Bars, 5m) | int | DEFAULT_MAX_HOLD_BARS | maxHoldBarsInput |
| Max Trades Per Day | int | DEFAULT_MAX_TRADES_DAY | maxTradesDayInput |
| Use ATR gap filter | bool | true | useAtrFilterInput |
| ATR Length (chart TF) | int | DEFAULT_ATR_LENGTH | atrLengthInput |
| Min Gap in ATRs | float | DEFAULT_GAP_ATR_MULT | gapAtrMultInput |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Min Gap Points | float | DEFAULT_MIN_GAP_POINTS | minGapPointsInput |
| Apply execution penalty near open | bool | true | useExecPenaltyInput |
| Penalty window after open (mins) | int | DEFAULT_EXEC_WINDOW | execWindowMinsInput |
| Execution penalty (ES points) | float | DEFAULT_EXEC_PENALTY | execPenaltyPointsInput |
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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