This strategy trades breakouts of the New York opening price range on Nasdaq futures. It builds a short range after the session open, then allows one long or short entry only inside a later trade window when price leaves that range. Optional RSI regime and EMA
Strategy · Pine Script v5 · On the chart
Gap and Go
This strategy trades opening gap continuation on the price chart.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code63
Settings10inputs
LicenceNone stated
Last update8 months ago4 Mar 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
Gap and Go measures the gap between the daily open and the prior daily close, then enters long after a qualifying gap up or short after a qualifying gap down when price stays beyond the open and a trend EMA, volume exceeds its 20-bar average, and the bar falls inside the session and entry window. An optional filter skips trades that look like gap fills. Each entry uses a percentage of equity, an ATR stop, and a risk-reward limit. Daily data is requested with lookahead enabled.
- Minimum and maximum opening gap filter
- EMA and relative volume confirmation
- ATR stop with risk-reward target
- Session window and post-open entry bars
- Optional gap-fill direction filter
Details
Published by
Basant1Saini on GitHub
Type
Draws
On the price chart
Markets
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Min Gap % | float | 0.5 | minGapPct |
| Max Gap % | float | 5.0 | maxGapPct |
| Avoid Gap Fill Direction | bool | true | gapFillAvoid |
| Trend EMA Length | int | 20 | emaLen |
| Volume Multiplier | float | 1.5 | volMultiplier |
| ATR Length | int | 14 | atrLen |
| ATR Multiplier (SL) | float | 1.5 | atrMult |
| Risk:Reward | float | 2.0 | rrRatio |
| Entry Window (bars after open) | int | 3 | entryBars |
| Entry Session Window | session | 0915-0945 | sessionStart |
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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