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
ORB + Fib + MACD Strategy
This strategy builds a timed opening range and tracks session high and low on the price chart.
GitHub stars6on the repository
Pine versionv5runs as is
Lines of code241
Settings18inputs
LicenceNone stated
Last update7 months ago16 Mar 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
ORB + Fib + MACD Strategy flags bullish and bearish breakouts of that range and uses Fibonacci levels for an entry zone, a default stop, and an optional take-profit extension. Take profit can instead use the session high or low, fixed points, a risk-reward ratio, or a range multiple; the stop can use Fibonacci, fixed points, or ATR. Fast and slow EMA lengths and MACD lengths are settings. The script snippet ends before the order logic, so full entry filters are not shown.
- Opening range high and low
- Fibonacci entry zone and stop
- Selectable take-profit methods
- ATR or fixed-point stop
- EMA and MACD length settings
Details
Published by
alboogycOdR on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Support & resistance, Oscillators & momentum, Sessions & time
Markets
Any symbol
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 Duration (minutes) | int | 30 | input_openingRangeMinutes |
| Fibonacci Entry Zone Start | float | 0.50 | input_fibEntryStart |
| Fibonacci Entry Zone End | float | 0.618 | input_fibEntryEnd |
| Stop Loss Fibonacci Level | float | 0.786 | input_stopLossFibLevel |
| Take Profit Method | string | Session High/Low | input_tpMethod |
| TP Fixed Points (Pips) | float | 100.0 | input_tpFixedPoints |
| TP Risk-Reward Ratio (e.g., 2 for 1:2) | float | 2.0 | input_tpRiskRewardRatio |
| TP Opening Range Multiplier | float | 1.0 | input_tpRangeMultiplier |
| TP Fibonacci Extension Level | float | 1.272 | input_tpFibExtensionLevel |
| Stop Loss Method | string | Fibonacci Level | input_slMethod |
| SL Fixed Points (Pips) | float | 50.0 | input_slFixedPoints |
| SL ATR Multiplier | float | 1.5 | input_slAtrMultiplier |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| SL ATR Length | int | 14 | input_slAtrLength |
| Fast EMA Length | int | 9 | input_emaFastLength |
| Slow EMA Length | int | 21 | input_emaSlowLength |
| MACD Fast Length | int | 12 | input_macdFastLength |
| MACD Slow Length | int | 26 | input_macdSlowLength |
| MACD Signal Smoothing | int | 9 | input_macdSignalSmoothing |
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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