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 v6 · On the chart
ORB Fresh v3
Opening range breakout strategy on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code204
Settings10inputs
LicenceNone stated
Last update1 year ago29 Aug 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
ORB Fresh v3 measures the high and low of a configurable opening window, 09:30 to 09:45 by default, ignores ranges below a minimum point size, and trades breakouts of that range. Position size is based on a risk percentage, and a trailing stop in points manages the exit. The strategy uses a 5 percent margin setting and equity-based default sizing, and has optional debug output and trade labels. Session times follow the chart's exchange timezone.
- Configurable opening range window
- Minimum range size filter
- Risk percentage position sizing
- Trailing stop in points
- Debug mode and trade labels
Details
Published by
abhidp on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time
Markets
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.
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Opening Start Hour | int | 9 | startHour |
| Opening Start Min | int | 30 | startMin |
| Opening End Hour | int | 9 | endHour |
| Opening End Min | int | 45 | endMin |
| Min Range Points | float | 5.0 | minSize |
| Risk Percentage | float | 1.0 | riskPct |
| Trail Stop Points | float | 15.0 | trailPts |
| Debug Mode | bool | true | showDebug |
| Trade Labels | bool | true | showLabels |
| Cache ID | string | 2025-08-29-v3 | cacheBreaker |
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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