OPTD ORB Strategy: Free TradingView Strategy (Pine Script)

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

OPTD ORB Strategy waits for a specified number of consecutive closes beyond the range high or low on a separate signal timeframe to generate a long or short entry. The default stop loss anchors to the opposite rail at 1R, where R equals the opening range width, and the target is set at 2R. A maximum of one trade per session is allowed, after which the position is flattened at the end of the regular trading session. The range levels remain invariant across timeframes while the breakout counter runs independently.

Opening Range Breakout
Session-based OR detection
Consecutive close breakout
1R stop and 2R target
Single trade per session

Details

Published by

drewautomates on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Any symbol

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.

File

indicators/pine_reference/Opening_Range_Strategy.pine

Repository

github.com/drewautomates/optd-starter. See its other scripts in the library

Topics

acsilalgorithmic-tradingbacktestingclaude-codefutures-tradingpine-scriptquantitative-financesierra-charttrading-strategiestradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Opening Range Time (EST)	`session`	`0930-1000`	`orSess`
Regular Session Time (EST)	`session`	`0930-1600`	`rthSess`
Timezone	`string`	`America/New_York`	`tz`
Signal timeframe	`timeframe`	`1`	`sigTF`
Consecutive closes outside range for signal	`int`	`1`	`nCloses`
Direction	`string`	`Both`	`dir`
Stop (R = OR width)	`float`	`1.0`	`stopR`
Target (R multiple)	`float`	`2.0`	`rTarget`
Max one trade per session	`bool`	`true`	`oneTrade`
Flatten at end of session	`bool`	`true`	`flatEOD`
ORH	`color`	`color.new(#2962ff, 0)`	`colH`
ORL	`color`	`color.new(#e91e63, 0)`	`colL`

Show all 14 settings

Setting	Type	Default	Variable
ORM	`color`	`color.new(#787b86, 0)`	`colM`
Shade range	`bool`	`true`	`showFill`

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.

Similar Pine Scripts

BTCUSD 5M Optimized Strategy

by Ahmed-GoCode

53

This strategy enters long or short on the price chart when price is on the correct side of a 200-period EMA, MACD agrees, RSI is not at the opposing extreme, ADX exceeds a threshold, volume beats a 20-bar average, and close breaks the recent high or low. A tim

Strategy v6 TrendOscillators & momentum

Updated 2 months ago · MPL-2.0

TradingAlpha Point-Clip Strategy

by jpantsjoha

23

This strategy evaluates breakout and trend opportunities on the price chart using a weighted composite score of volume, trend, and candlestick structure. It tracks volume spikes, fast and slow EMAs, higher-timeframe EMA trend alignment, opening ranges, and ses

Strategy v6 TrendVolume Repaints

Updated 4 weeks ago · Custom licence

ClaudeHedge - Nikkei Session Strategy

by ClaudeQuant

13

This strategy trades Nikkei 225 futures during a configurable overnight session, defaulting to 19:00–03:00 ET. It builds long and short trend conditions from an 8/21 EMA pair and a 200-period SMA, with RSI, momentum, an ATR-scaled breakout range, and a volume

Strategy v5 Sessions & timeTrend

Updated 8 months ago · Custom licence

ORION: Hybrid Strategy

by eddiebelaval

7

This strategy identifies volatility breakout opportunities by constructing dynamic ATR-based price boxes and detecting volatility squeezes. Trades are filtered using an exponential moving average trend condition and designated session hours. Entries trigger up

Strategy v5 Volatility & bandsBreakout

Updated 3 months ago · None stated

Robot Forex BREAKOUT EUR/USD 5MIN - Ichimoku

by Sanji-dev

7

This strategy trades EUR/USD breakouts on the price chart using Ichimoku values. It marks a compressed range when the Senkou spans twist and the range height stays under a pip limit. It enters long on a close above the prior range high, or short below the prio

Strategy v4 TrendBreakout

Updated 2 years ago · MIT

GBP/USD Market Structure [trugurpala]

by trugurpala

4

This strategy tracks GBP/USD market structure by storing confirmed pivot highs and lows. It enters long when price crosses above the last pivot high while above a trend EMA, and short when price crosses below the last pivot low while below that EMA. Entries oc

Strategy v6 SMC / ICT / price actionTrend

Updated 2 months ago · MIT

More Breakout scripts

OPTD ORB Strategy