This strategy plots VWAP on the price chart and trades only between a start hour and an end hour. It enters long when VWAP is rising and RSI is above a threshold, and short when VWAP is falling and RSI is below a threshold. If the reversal option is on, it clo
Strategy · Pine Script v6 · On the chart
LuxAlgo | Nifty 50 Master ORB (Clean Edition)
This strategy trades a 30-minute opening range breakout on Nifty stocks.
GitHub stars1on the repository
Pine versionv6current
Lines of code148
Settings8inputs
LicenceNone stated
Last update5 months ago7 May 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
After the 09:15–09:45 IST range, it enters long or short on a retest of the range high or low when volume exceeds a 20-bar average and optional VWAP and ADX filters agree. It sizes the position as a percentage of equity, places a stop beyond the prior bar, targets a configurable reward multiple, can move the stop to breakeven at 1:1, and closes at a late session window or when daily loss or profit limits are hit. Only one trade per day is allowed.
- 30-minute opening range high and low
- Optional VWAP and ADX filters
- Volume above a 20-bar average
- Breakeven stop at 1:1 reward
- Daily loss and profit limits
Details
Published by
J0hn1104 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time, Oscillators & momentum, Volume
Markets
Stocks
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 |
|---|---|---|---|
| Opening Range (IST) | session | 0915-0945 | orbSession |
| Final Target RR Ratio | float | 2.5 | rrRatio |
| Retest Buffer % | float | 0.1 | retestThreshold |
| VWAP Trend Filter | bool | true | useVwap |
| ADX Momentum Filter | bool | true | useAdx |
| Move SL to BE at 1:1 RR | bool | true | moveBE |
| Daily Max Loss % | float | 1.5 | dailyLossLimit |
| Daily Profit Target % | float | 3.0 | dailyProfitGoal |
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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