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
PF probe 63 - dual stop cancel rotation
This strategy rotates pending stop entries by the clock.
GitHub stars1on the repository
Pine versionv6current
Lines of code32
Settings0inputs
LicenceApache-2.0
Last update5 days ago23 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
32 lines of Pine Script v6 from validation/order-dual-stop-cancel-rotation-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe 63 - dual stop cancel rotation
//
// Purpose: isolate alternating long/short stop entries with explicit cancel of
// the opposite id, matching the order-lifecycle shape in parabolic-asr/52 while
// removing EMA/SAR state.
// TV setup: 15m chart, same symbol/window as data/ohlcv_ETH-USDT-USDT_15m.csv.
// Export TradingView "List of trades" to trades.csv in this folder.
//@version=6
strategy("PF probe 63 - dual stop cancel rotation", shorttitle="PF_P63_DUALCANCEL", overlay=true,
initial_capital=1000000,
commission_type=strategy.commission.percent, commission_value=0, slippage=0,
default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=1,
process_orders_on_close=false)
useLongStop = hour < 12
if useLongStop
strategy.entry("LE", strategy.long, stop=high + syminfo.mintick, comment="rotating long stop")
strategy.cancel("SE")
else
strategy.entry("SE", strategy.short, stop=low - syminfo.mintick, comment="rotating short stop")
strategy.cancel("LE")
if strategy.position_size > 0 and not useLongStop
strategy.close("LE", comment="long regime close")
if strategy.position_size < 0 and useLongStop
strategy.close("SE", comment="short regime close")
Overview
Before noon it places a long stop one tick above the bar high and cancels the short order id; from noon it places a short stop one tick below the bar low and cancels the long order id. An open long is closed when the short regime starts, and an open short is closed when the long regime starts. It draws on the price chart with a fixed quantity of one. There is no protective stop loss.
- Hour-based long and short regime
- Stop entry one tick beyond the bar
- Explicit cancel of the opposite order id
- Regime-change market close of the open side
- Fixed quantity of one
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Sessions & time, Breakout
Markets
Crypto
Timeframes
M15-H1
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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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