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 v5 · On the chart
Session Breakout Strategy [Lab]
Tracks the high and low of a user-defined intraday session and enters breakout trades when the bar closes outside this range.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code124
Settings5inputs
LicenceCustom licence
Last update11 months ago17 Nov 2025
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
Session Breakout Strategy [Lab] can enter during the session or wait until the session ends. Long trades enter on a close above the session high, while short trades trigger on a close below the session low. Risk management sizes positions by equity percentage risk, placing stop losses beyond the opposing session boundary buffered by an ATR multiple, and setting take profit by a target risk-to-reward ratio. It plots on the price chart.
- Intraday session high and low tracking
- Breakout entry on close outside session extremes
- Post-session trade timing restriction toggle
- ATR-buffered stop loss based on opposing session boundary
- Risk-to-reward ratio take profit targeting
Details
Published by
mitchell-917 on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Sessions & time
Markets
Any symbol
Timeframes
M1-M5, 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 |
|---|---|---|---|
| Session Times (Exchange Time) | session | 0800-1200 | sessionTimes |
| Only Trade After Session Ends | bool | true | tradeAfterSession |
| Risk % of Equity per Trade | float | 1.0 | riskPct |
| SL Buffer (in ATR multiples) | float | 0.5 | slBufferMult |
| Take Profit R:R | float | 2.0 | tpRR |
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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