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 81 - dual stop near only
This Pine Script v6 strategy is a validation probe that places competing stop entries close to price.
GitHub stars1on the repository
Pine versionv6current
Lines of code22
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
22 lines of Pine Script v6 from validation/order-dual-stop-near-only-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 81 - dual stop near only
//
// Purpose: isolate near long/short stop competition from probe 80.
// 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 81 - dual stop near only", shorttitle="PF_P81_NEAR", 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)
if hour == 2 and minute == 45 and strategy.position_size == 0
strategy.entry("LE", strategy.long, stop=close * 1.002, comment="near long stop")
strategy.entry("SE", strategy.short, stop=close * 0.998, comment="near short stop")
if strategy.position_size != 0 and hour == 6 and minute == 15
strategy.close_all(comment="morning flat")
Overview
At 02:45, while flat, it submits a long stop slightly above the close and a short stop slightly below the close. At 06:15, if a position is open, it closes every position. Quantity is fixed at one, commission and slippage are zero, and orders are not filled on bar close. It draws on the price chart and is set up for a 15-minute crypto feed. There is no protective stop loss.
- Dual near long and short stop entries
- Timed close of all positions at 06:15
- Fixed quantity of one
- Zero commission and slippage
- Price-chart overlay
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
Breakout, Sessions & time
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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