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 Gold IB Retracement
A strategy for gold futures based on the initial balance, the high and low of a set New York time window that starts at 9:30 and ends at 10:30 by default.
GitHub stars1on the repository
Pine versionv6current
Lines of code106
Settings14inputs
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
Ranges outside a minimum and maximum percent of price are skipped. After price breaks the range, it waits for a retracement of a chosen fraction back into it, with a volume confirmation, then enters. Target and stop are multiples of the range, open trades close at end of day, and a daily loss cap halts trading.
- Initial balance range from a New York time window
- Range size filter
- Breakout then retracement entry with volume check
- Stop and target as multiples of range
- End-of-day exit and daily loss limit
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time, Support & resistance
Markets
Gold
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 |
|---|---|---|---|
| IB Start Hour (ET) | int | 9 | i_ibStartHour |
| IB Start Min (ET) | int | 30 | i_ibStartMin |
| IB End Hour (ET) | int | 10 | i_ibEndHour |
| IB End Min (ET) | int | 30 | i_ibEndMin |
| Min IB Range % of Price | float | 0.30 | i_minRangePct |
| Max IB Range % of Price | float | 1.50 | i_maxRangePct |
| Retracement Level (fraction of IB) | float | 0.25 | i_retracePct |
| Volume Confirm Multiplier | float | 1.2 | i_volMult |
| Volume Avg Length | int | 20 | i_volLen |
| TP (x IB Range) | float | 0.5 | i_tpMult |
| SL (x IB Range) | float | 0.6 | i_slMult |
| EOD Hour (ET) | int | 16 | i_eodHour |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| EOD Min (ET) | int | 0 | i_eodMin |
| Max Daily Loss ($) | float | 500.0 | i_maxDailyLoss |
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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