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
TQQQ ORB v1
Calculates the opening range during the initial minutes of regular trading hours and triggers breakout trades directly on the price chart.
GitHub stars2on the repository
Pine versionv6current
Lines of code178
Settings8inputs
LicenceNone stated
Last update7 days ago21 Oct 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
Long positions enter when price closes above the opening range high, while short entries trigger on closes below the opening range low before a specified cutoff time. Risk is managed with a stop loss set at the opening range midpoint, a configurable reward-to-risk take profit target, and a mandatory end-of-day exit. Inputs allow adjusting range duration, cutoff times, minimum range thresholds, and trade frequency.
- Opening range breakout tracking with midpoint reference
- Configurable reward-to-risk ratio profit targets
- Time-based entry cutoff window and end-of-day force close
- Minimum opening range size percentage filter
- Single trade per day restriction
Details
Published by
yalili8521 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Sessions & time
Markets
Stocks
Timeframes
M15-H1, M1-M5
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 |
|---|---|---|---|
| Opening Range minutes | int | 15 | or_minutes |
| Reward:Risk ratio | float | 2.0 | rr_ratio |
| Allow shorts | bool | true | allow_short |
| Max 1 trade per day | bool | true | one_trade_day |
| Session filter (RTH only) | bool | true | use_session |
| Entry cutoff hour (ET) | int | 11 | entry_end_h |
| Entry cutoff minute (ET) | int | 0 | entry_end_m |
| Min OR range % of price | float | 0.15 | min_range_pct |
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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