This overlay indicator marks the New York initial balance and a configurable opening range on the price chart and reports live range statistics in two tables. It builds an IB box for a default 09:30–10:30 ET window, an ORB box from 09:30 for a set number of mi
Indicator · Pine Script v6 · On the chart
MGC Asian-Range Break — Honest P&L
This indicator builds the Asian session high and low, then records a London break of that range on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code206
Settings18inputs
LicenceNone stated
Last update3 months ago23 Jul 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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
Entries require the range to fall between minimum and maximum point limits and, when enabled, to match a higher-timeframe EMA bias. Stops sit at the opposite Asian extreme or a fixed point distance, targets use a reward multiple, and open trades close at a set hour. Commission and slippage are deducted, and bars that touch both stop and target count as losses. Optional lines mark the range and trade levels. It simulates results and does not send orders.
- Asian session high and low range
- London breakout with reward-multiple target
- Opposite-extreme or fixed-point stop
- Higher-timeframe EMA directional filter
- Commission and slippage deducted from simulated P&L
Details
Published by
Jitheandra98 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time, Support & resistance, Screeners & dashboards
Markets
Gold
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Session timezone | string | UTC | tz |
| Asian start (h) | int | 0 | aStart |
| Asian end / London start (h) | int | 7 | aEnd |
| London entry cutoff (h) | int | 12 | lEnd |
| Force-close hour (h) | int | 21 | eodH |
| Stop = fixed pts (else opposite Asian extreme) | bool | false | useFixed |
| └ Fixed stop (pts) | float | 8.0 | fixedPts |
| Target (R multiple) | float | 1.5 | rMult |
| Min Asian range (pts) to trade | float | 3.0 | minRange |
| Max Asian range (pts) to trade | float | 40.0 | maxRange |
| Contracts | int | 1 | contracts |
| $ per point (MGC=10) | float | 10.0 | ptValue |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Commission $/side | float | 0.74 | commSide |
| Slippage (pts/side) | float | 0.1 | slipPts |
| Draw Asian range + trade levels | bool | true | showLines |
| HTF bias filter (long only if HTF up, short only if down) | bool | true | useHTF |
| HTF timeframe | timeframe | D | htfTf |
| HTF EMA length | int | 20 | htfEmaLen |
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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