This strategy detects Opening Range Breakouts in a specified session. It calculates the high and low of the opening range bar then plots these levels on the price chart and fills the area between them. Candles are colored based on their relation to the ORB hig
Strategy · Pine Script v5 · On the chart
Three Bar Reversal Pattern
This strategy detects three-bar reversal patterns in normal, enhanced or both forms, derives support and resistance from them as levels or zones, and trades the reversals on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code336
Settings26inputs
LicenceNone stated
Last update1 year ago11 Oct 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
An optional trend filter uses a moving average cloud, Supertrend or Donchian channels, aligned or opposite to the signal. A stop loss and take profit are on by default, based on ATR, a fixed distance or a percentage, with an optional trailing stop. It limits concurrent positions and sizes by percent of equity.
- Normal and enhanced three bar reversal patterns
- Derived support and resistance levels or zones
- Optional moving average, Supertrend or Donchian filter
- ATR, fixed or percentage stop and target
- Optional trailing stop and position limit
Details
Published by
feliperazeek on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Candlestick patterns, Support & resistance, Breakout
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Pattern Type | string | All | brpType |
| Derived Support and Resistance | string | Level | brpSR |
| Bullish Reversal Patterns | color | #2962ff | brpAC |
| Bearish Reversal Patterns | color | #ff9800 | brpSC |
| Filtering | string | None | trendType |
| trendFilt | string | Aligned | trendFilt |
| Bullish Trend | color | #089981 | trendAC |
| Bearish Trend | color | #f23645 | trendSC |
| Type | string | HMA | maType |
| Fast Length | int | 50 | maFLength |
| Slow Length | int | 200 | maSLength |
| ATR Length | int | 10 | atrPeriod |
Show all 26 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Factor | float | 3 | factor |
| Length | int | 13 | length |
| Use Stop Loss | bool | true | useStopLoss |
| Use Take Profit | bool | true | useTakeProfit |
| Stop Loss Type | string | ATR | stopLossType |
| Take Profit Type | string | ATR | takeProfitType |
| ATR Multiplier | float | 2.0 | atrMultiplier |
| Fixed Stop Loss (points) | float | 1.0 | fixedStopLoss |
| Fixed Take Profit (points) | float | 2.0 | fixedTakeProfit |
| Stop Loss % | float | 1.0 | stopLossPercent |
| Take Profit % | float | 2.0 | takeProfitPercent |
| Maximum Concurrent Positions | int | 1 | maxPositions |
| Use Trailing Stop | bool | false | useTrailingStop |
| Trailing Stop % | float | 1.0 | trailPercent |
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 trend-following strategy executes a classic Donchian channel breakout system designed to cross-validate backtest results against external framework benchmarks. It triggers a long entry when the closing price breaks above the highest high of the prior entr
This strategy plots running pivot highs as red R circles and pivot lows as blue S circles directly on the price chart. It computes an EMA 3 and a Cto trend line from close prices, then generates long signals on upward EMA-Cto crossovers combined with price pos
STRG-HOLP is a trading strategy that identifies High of Low Period (HOLP) and Low of High Period (LOHP) breakout setups. It tracks the lowest low or highest high over a user-defined lookback window. A long trade opens when the close breaks above the high of th
The Chained Linear Regression Reversal Strategy plots linear regression channels with upper and lower standard deviation bands directly on the price chart across a user-defined time window. When price breaks out of the static channel for a confirmed number of
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
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers