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 v5 · On the chart
Open Range Breakout Strategy
This strategy records the high and low during a configurable opening session, defaulting to 09:30–10:00 exchange time, then locks the range when the session ends.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code53
Settings3inputs
LicenceNone stated
Last update11 months ago17 Nov 2025
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
Open Range Breakout Strategy enters long when price closes above the range high and short when price closes below the range low. Percentage stop loss and take profit, defaulting to 0.5 and 1.0 percent of the average entry price, close the position. Size defaults to 10 percent of equity. Range lines plot on the price chart and reset at each new day. No further filter limits how many breakouts can occur after the range is locked.
- Configurable opening-range session
- Range high and low plots
- Long and short breakout entries
- Percentage stop loss and take profit
- Daily range reset
Details
Published by
surajmateti on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Sessions & time, Support & resistance
Markets
Stocks, Indices
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 |
|---|---|---|---|
| Open Range Session (Exchange Time) | session | 0930-1000 | sessionStart |
| Stop Loss % | float | 0.5 | slPct |
| Take Profit % | float | 1.0 | tpPct |
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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