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 v6 · On the chart
TN Donchian Breakout
A long-only breakout strategy built on a Donchian channel, 25 bars by default, drawn on the price chart as upper and lower lines.
GitHub stars1on the repository
Pine versionv6current
Lines of code49
Settings4inputs
LicenceNone stated
Last update2 months ago15 Aug 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
At a chosen exchange hour each day it places a buy stop at the previous upper band. The order is cancelled if not filled within a set number of bars. Once in a trade it exits with a stop at the lower band. Size is a fixed lot input. The entry hour is highlighted with a background and marker.
- Donchian channel plot
- Daily buy stop at a chosen hour
- Order expiry after a set number of bars
- Exit at the lower channel
- Fixed lot size
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time
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 |
|---|---|---|---|
| 通道週期 | int | 25 | donchianLen |
| 掛單小時 (Exchange Hour) | int | 17 | targetHour |
| 訂單有效 K 線數 | int | 60 | validHours |
| 倉位大小 | int | 1 | lotSize |
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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