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
Strategy · Pine Script v6 · On the chart
Premarket Gap Scalper
An intraday strategy for stocks that gap up before the open.
GitHub stars1on the repository
Pine versionv6current
Lines of code276
Settings16inputs
LicenceNone stated
Last update6 weeks ago14 Sep 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
Premarket Gap Scalper qualifies a symbol by gap size, price band and premarket volume, then trades an opening-range breakout with a volume surge, limited to a set number of trades per day and a cut-off hour in New York time. The stop is an ATR multiple, optionally no lower than the opening-range low. Half is banked at one R and the rest trails with an ATR multiple. Presets, a date range and a dashboard are included.
- Premarket gap qualification
- Opening range breakout entries
- ATR stop with partial exit and trailing runner
- Daily trade cap and entry cut-off
- Presets and on-chart dashboard
Details
Published by
femibol on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M1-M5
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 |
|---|---|---|---|
| Setting chain | string | Custom | preset |
| Limit backtest to date range | bool | false | useRange |
| Start | time | timestamp("1 Jan 2025 00:00 +0000") | rangeStart |
| End | time | timestamp("1 Jan 2027 00:00 +0000") | rangeEnd |
| Min gap % | float | 4.0 | minGapIn |
| Max gap % (blowoff cap) | float | 60.0 | maxGapIn |
| Min price $ | float | 2.0 | minPriceIn |
| Max price $ | float | 100.0 | maxPriceIn |
| Min PM volume vs 20d PM avg (x) | float | 2.0 | minPmRvolIn |
| Opening range (minutes) | int | 5 | orMinutesIn |
| Max trades per day | int | 3 | maxTradesIn |
| No entries after (ET hour) | int | 11 | lastEntryHIn |
Show all 16 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Entry volume surge (x 20-bar avg) | float | 1.5 | volSurgeIn |
| Initial stop: ATR multiple | float | 1.5 | atrMultIn |
| Runner trail: ATR multiple | float | 2.0 | trailMultIn |
| Stop no lower than OR low | bool | true | useOrLowIn |
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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