This strategy detects Opening Range Breakouts in a specified session. It calculates the high and low of the opening range bar then plots these levels on the price chart and fills the area between them. Candles are colored based on their relation to the ORB hig
Strategy · Pine Script v5 · On the chart
Low Time Frame Range Breakout with HTF Inside Bar
This strategy evaluates low timeframe range breakouts filtered by higher timeframe inside bar conditions.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code54
Settings5inputs
LicenceNone stated
Last update3 years ago11 Apr 2023
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
Low Time Frame Range Breakout with HTF Inside Bar uses security calls to fetch higher timeframe price data to detect inside bars and color-code the chart background and bars. A customizable session filter restricts operations to specified hours, such as the New York session. The script draws visual highlights directly on the price chart. Users should note that actual trade entry and exit statements are commented out in the code, and there are no default stop loss or take profit rules defined.
- Higher timeframe inside bar detection
- Low timeframe range breakout calculation
- New York session time filtering
- Visual chart background and bar coloring
Details
Published by
codybbrown on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Candlestick patterns, Sessions & time
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk Notes
- The strategy enters trades without a stop loss
Topics
momentum-trading-strategypinescripttrading-strategiestradingviewvolatility-tradingtrading-indcators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Low Time Frame (in minutes) | string | 5 | breakoutTimeframe |
| Higher Time Frame (in minutes) | string | 240 | higherTimeframe |
| Enable New York session time filter | bool | true | enableNewYorkTime |
| New York session start hour (in 24-hour format, broker's time) | int | 15 | newYorkSessionStart |
| New York session end hour (in 24-hour format, broker's time) | int | 21 | newYorkSessionEnd |
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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