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 85 - Dual Stop Short First
This validation probe strategy tests how TradingView handles dual stop-order priority based on script source order.
GitHub stars1on the repository
Pine versionv6current
Lines of code23
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
23 lines of Pine Script v6 from validation/order-dual-stop-source-order-short-first-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 85 - dual stop source order, short first
//
// Purpose: test whether source order affects dual stop priority when both
// stops are close to price. Short stop is submitted before long stop.
// 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 85 - dual stop short first", shorttitle="PF_P85_SHORTFIRST", 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("SE", strategy.short, stop=close * 0.998, comment="short first")
strategy.entry("LE", strategy.long, stop=close * 1.002, comment="long second")
if strategy.position_size != 0 and hour == 6 and minute == 15
strategy.close_all(comment="flat")
Overview
At a fixed time of 02:45, when no position is open, it submits a short stop order below the close followed by a long stop order above the close. All open positions are exited unconditionally at 06:15. It plots on the main price chart and does not employ a protective stop-loss order during open trades.
- Dual stop-order priority evaluation
- Source-order execution sequence testing
- Fixed time-of-day entry triggers
- Scheduled time-based trade exits
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.
Similar Pine Scripts
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
This strategy enters long when price closes above the prior Donchian high and short when it closes below the prior Donchian low, only while flat and inside a Taipei-hour window. It exits on a MACD histogram reversal or through an ATR stop and a percentage take
This intraday strategy implements Mark Fisher's Opening Range Breakout (ORB) methodology tailored for index futures like ES and NQ. It calculates session opening ranges, volume z-scores, and VWAP bands to plot support, resistance, and confirmation levels on th
This strategy tracks an opening session time range to establish directional bias and triggers pullback trades using Stochastic RSI. Once price breaks out of the initial range, it establishes a directional bias and enters when the Stochastic RSI crosses over in
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
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers