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 v6 · On the chart
LRB Benchmark London Range Breakout
A strategy that records the pre-London high and low, 06:00 to 08:00 UTC by default, and trades breakouts of that range after the London open.
GitHub stars1on the repository
Pine versionv6current
Lines of code326
Settings11inputs
LicenceNone stated
Last update7 weeks ago5 Sep 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
Targets are a multiple of the range width, trades per day are capped, and positions close at a set exit hour. Range box, take profit and stop lines and session shading can be drawn on the price chart. Orders use one fixed contract with a commission and slippage assumption. The code states it uses confirmed bars only.
- Pre-London range box from set UTC hours
- Breakout entries after the London open
- Take profit as a multiple of the range
- Daily trade cap and timed exit
Details
Published by
DC10911 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time
Markets
Forex
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 |
|---|---|---|---|
| Pre-London Start Hour (UTC) | int | 6 | i_pre_start_h |
| Pre-London Start Minute (UTC) | int | 0 | i_pre_start_m |
| Pre-London End Hour (UTC) | int | 8 | i_pre_end_h |
| Pre-London End Minute (UTC) | int | 0 | i_pre_end_m |
| Trade Exit Hour (UTC) | int | 13 | i_trade_end_h |
| Trade Exit Minute (UTC) | int | 0 | i_trade_end_m |
| TP Multiplier (× range) | float | 1.5 | i_tp_mult |
| Max Trades Per Day | int | 2 | i_max_trades |
| Show Pre-London Range Box | bool | true | i_show_range |
| Show TP / SL Lines | bool | true | i_show_tpsl |
| Shade London Session | bool | true | i_bg_session |
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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