This strategy places buy-stop and sell-stop orders around the opening-session high and low, offset by a user-defined pip gap, and only allows those orders during a separate trading session. It exits with a fixed or ATR-based stop loss and a matching take-profi
Strategy · Pine Script v6 · On the chart
TnSovereignOrbMultiSessionV6 [TeleNexus]
This strategy implements a multi-session Opening Range Breakout (ORB) system across Asia, London, and New York trading sessions.
GitHub stars1on the repository
Pine versionv6current
Lines of code152
Settings12inputs
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
TnSovereignOrbMultiSessionV6 [TeleNexus] measures opening price ranges using configurable time durations and triggers breakout entries when price moves beyond an ATR threshold. Entries are gated by relative volume confirmation and VWAP trend alignment. Positions are exited after a fixed maximum bar holding period. Inputs allow adjustment of session timings, range minutes, ATR breakout multipliers, and volume parameters.
- Multi-session ORB detection for Asia, London, and NY
- ATR-based adaptive breakout expansion threshold
- Relative volume surge confirmation filter
- Intraday VWAP trend gating filter
- Time-based exit via max bar hold limit
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time, Volatility & bands
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Asia Session Start (HHMM) | string | 0000 | asiaStart |
| Asia Session End (HHMM) | string | 0900 | asiaEnd |
| London Session Start (HHMM) | string | 0800 | londonStart |
| London Session End (HHMM) | string | 1630 | londonEnd |
| NY Session Start (HHMM) | string | 1330 | nyStart |
| NY Session End (HHMM) | string | 2100 | nyEnd |
| ORB Range Minutes | int | 60 | orbLen |
| Breakout ATR Multiplier | float | 0.5 | breakoutMult |
| Require Volume Confirmation | bool | true | requireVol |
| Min Relative Volume | float | 1.5 | minRelVol |
| VWAP Trend Gate | bool | true | useVwapGate |
| Max Hold Bars | int | 48 | maxHoldBars |
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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