This overlay indicator marks the New York initial balance and a configurable opening range on the price chart and reports live range statistics in two tables. It builds an IB box for a default 09:30–10:30 ET window, an ORB box from 09:30 for a set number of mi
Indicator · Pine Script v6 · On the chart
Primera Vela NY - 5m to 1m
An opening range tool for the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code352
Settings20inputs
LicenceNone stated
Last update6 months ago17 Apr 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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
At a set time in a chosen time zone, by default 8:30 in the Bogota zone, it records the high and low of the first five minutes and draws them as a box and lines. During a trading window of 90 minutes it signals a break of that range, optionally requiring a candle close beyond it and a retest, and limits trades per day. Take profit and stop loss boxes are projected from a risk-reward ratio.
- Opening range box and high and low lines
- Close confirmation and retest options
- Daily trade limit and trading window
- Take profit and stop loss projection boxes
Details
Published by
dtheran1 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Sessions & time, Breakout
Markets
Any symbol
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 |
|---|---|---|---|
| Zona horaria | string | America/Bogota | tz |
| Hora apertura | int | 8 | openHour |
| Minuto apertura | int | 30 | openMinute |
| Minutos de rango inicial | int | 5 | rangeMinutes |
| Ventana operativa (minutos) | int | 90 | tradeWindowMinutes |
| Risk/Reward | float | 1.0 | rr |
| Ruptura valida por cierre | bool | true | confirmByClose |
| Esperar retesteo del nivel roto | bool | true | requireRetest |
| Max operaciones por dia | int | 1 | maxTradesPerDay |
| Mostrar caja rango 5m | bool | true | showRangeBox |
| Mostrar lineas Maximo/Minimo 5M | bool | true | showRangeLines |
| Mostrar caja TP/SL | bool | true | showTradeBoxes |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Ancho visual TP/SL (barras) | int | 45 | projectionBars |
| Color caja rango | color | color.new(color.gray, 88) | cRange |
| Color Maximo 5M | color | color.new(color.white, 0) | cMax |
| Color Minimo 5M | color | color.new(color.white, 0) | cMin |
| Color Long | color | color.new(color.lime, 0) | cLong |
| Color Short | color | color.new(color.red, 0) | cShort |
| Color TP | color | color.new(color.green, 82) | cTP |
| Color SL | color | color.new(color.red, 78) | cSL |
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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