This strategy identifies volatility breakout opportunities by constructing dynamic ATR-based price boxes and detecting volatility squeezes. Trades are filtered using an exponential moving average trend condition and designated session hours. Entries trigger up
Strategy · Pine Script v6 · On the chart
TnSovereignPineFlowOrbV6 [TeleNexus]
TnSovereignPineFlowOrbV6 is an intraday strategy that identifies breakout entries using the opening range session combined with HTF EMA trend confirmation and DMI/ADX strength filters.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code231
Settings24inputs
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
TnSovereignPineFlowOrbV6 [TeleNexus] calculates position size based on equity risk percentage and ATR volatility, placing a stop loss at 1.5 ATR multiples and taking profit at 1.5R and 3.0R tiers. The strategy enters long or short positions during the trading session, flattens positions at session end, and enforces daily trade limits along with maximum loss and drawdown controls. It draws signals and overlays on the main price chart while optionally displaying a dashboard.
- Opening Range Breakout
- HTF EMA Confirmation
- DMI/ADX Filter
- ATR Risk Sizing
- Two-Tier Take Profit
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time, Trend, Volatility & bands
Markets
Any symbol
Timeframes
M15-H1
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable longs | bool | true | enableLongs |
| Enable shorts | bool | true | enableShorts |
| Maximum trades per day | int | 2 | maxTradesPerDay |
| Opening range | session | 0930-1000 | openingRangeSession |
| Trading session | session | 0930-1600 | tradingSession |
| Session timezone | string | America/New_York | sessionTimezone |
| Flatten at session end | bool | true | flattenAtSessionEnd |
| Equity risk per trade (%) | float | 1.0 | riskPercent |
| ATR length | int | 14 | atrLength |
| Stop distance (ATR) | float | 1.5 | stopAtrMultiple |
| Target 1 (R) | float | 1.5 | targetOneR |
| Target 2 (R) | float | 3.0 | targetTwoR |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Quantity step | float | 1.0 | quantityStep |
| Maximum daily loss (%) | float | 3.0 | maxDailyLossPercent |
| Maximum drawdown (%) | float | 20.0 | maxDrawdownPercent |
| Fast EMA | int | 20 | fastEmaLength |
| Slow EMA | int | 50 | slowEmaLength |
| DMI length | int | 14 | dmiLength |
| ADX smoothing | int | 14 | adxSmoothing |
| Minimum ADX | float | 20.0 | minimumAdx |
| Confirmation timeframe | timeframe | 240 | higherTimeframe |
| Confirmation EMA | int | 50 | higherTimeframeEmaLength |
| Show dashboard | bool | true | showDashboard |
| Shade opening range | bool | true | shadeOpeningRange |
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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