by 
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
Range Detect Breakout
Detects compressed ranges on the price chart and marks breakout points with triangles at the range high and low.
GitHub stars1on the repository
Pine versionv6current
Lines of code142
Settings10inputs
LicenceNone stated
Last update3 months ago14 Jul 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
A range is flagged when the recent high-low span is small against its longer average and the bars overlap enough. A daily EMA, default 100 periods, sets the trend bias, and an hourly EMA, default 21, provides a trailing reference. Inputs control the squeeze factor, overlap ratio and range boxes. It is an indicator only, without orders.
- Squeeze and overlap based range detection
- Daily EMA trend filter
- Hourly EMA trailing reference
- Optional range boxes and breakout triangles
Details
Published by
tthanhvu002sgu on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
M15-H1
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 |
|---|---|---|---|
| Khung Filter TF (EMA D1) | timeframe | D | i_filterTF |
| Chu kỳ EMA Filter (D1) | int | 100 | i_emaPeriod |
| Khung Trailing TF (EMA H1) | timeframe | 60 | i_trailTF |
| Chu kỳ EMA Trailing (H1) | int | 21 | i_trailEMA |
| Số nến Range (Range Period) | int | 20 | i_rangePeriod |
| Số nến trung bình (Avg Period) | int | 100 | i_avgPeriod |
| Hệ số nén (Squeeze) | float | 0.85 | i_threshold |
| Tỷ lệ Overlap (%) | float | 0.60 | i_overlapPct |
| Khoảng cách Overlap tối thiểu | int | 5 | i_minGap |
| Hiển thị Range Box | bool | true | i_showBoxes |
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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