by 
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
Opening range breakout
This strategy builds an opening-range high and low during a user-defined session, then waits until that session ends.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code15
Settings1inputs
LicenceMIT
Last update2 weeks ago12 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
15 lines of Pine Script v5 from examples/strategies/opening-range-breakout.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
// A textbook opening range breakout, written for this repo as a reading example (not a recommendation).
strategy("Opening range breakout", overlay=true, calc_on_every_tick=true)
sess = input.session("0930-0945", "Opening range")
inR = not na(time(timeframe.period, sess))
var float hi = na
var float lo = na
hi := inR ? math.max(nz(hi, high), high) : hi
lo := inR ? math.min(nz(lo, low), low) : lo
if not inR and close > hi
strategy.entry("L", strategy.long)
if not inR and close < lo
strategy.entry("S", strategy.short)
strategy.exit("xL", "L", stop=lo, limit=hi + (hi - lo))
strategy.exit("xS", "S", stop=hi, limit=lo - (hi - lo))
Overview
A close above the range enters long and a close below it enters short. The long exit uses the range low as the stop and a limit one range-width above the high; the short exit mirrors that with the range high as the stop. The session input changes which bars form the range. Signals are drawn on the price chart and can change on the live bar because the strategy calculates on every tick.
- Opening range high and low
- Long and short breakout entries
- Stop at the opposite range boundary
- Take profit one range-width beyond the breakout
- Configurable opening session
Details
Published by
yawningmonsoon on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Repository
Topics
agentic-tradingai-agentsalgorithmic-tradingbacktestingclaudecryptofutureshallucinationllmmcp
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Opening range | session | 0930-0945 | sess |
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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