This strategy overlays the price chart to trade DAX futures during European market hours. It calculates exponential and simple moving averages, RSI, MACD, Bollinger Bands, ATR, and realized volatility to simulate VIX levels. Trades execute when session time fi
Strategy · Pine Script v5 · On the chart
ES Professional Fade
ES Professional Fade is an intraday mean-reversion strategy designed for fading opening gaps on ES futures.
GitHub stars1on the repository
Pine versionv5runs as is
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 identifies market opening gaps using defined percentage and ATR thresholds, then places stop orders to fade the move while utilizing market breadth extreme filters to avoid trading against strong trend days. Inputs configure gap size filters, opening range length, breadth veto thresholds, max holding duration, and an execution penalty model that simulates early-session friction. Drawn on the main price chart, trades exit using profit targets, stop losses, time limits, or end-of-day conditions.
- Opening gap fade logic with ATR and percentage filters
- Breadth filter veto to prevent trades on trend days
- Time-decaying execution friction model for realistic fills
- Intraday max hold duration and end-of-day exit rules
Details
Published by
knectardev on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Sessions & time, Volatility & bands
Markets
Indices
Timeframes
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.
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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