This overlay indicator marks the New York initial balance and a configurable opening range on the price chart and reports live range statistics in two tables. It builds an IB box for a default 09:30–10:30 ET window, an ORB box from 09:30 for a set number of mi
Indicator · Pine Script v6 · On the chart
TraderTom's ASRS Indicator
A price-chart overlay for DAX, based on the Advanced School Run Strategy.
GitHub stars1on the repository
Pine versionv6current
Lines of code110
Settings10inputs
LicenceNone stated
Last update7 months ago6 Mar 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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
Inside a configurable session window in Berlin time, it numbers the opening five candles, takes the fourth candle's high and low and draws buy and sell breakout lines offset by a buffer in points. Optional trade labels and price labels mark the levels, and lines and labels reset each session. It only visualises levels and does not place orders. The numbering offset is in points, so it may need adjusting for other symbols or tick sizes.
- Fourth-candle high and low breakout lines
- Configurable session window and buffer points
- Candle numbering labels
- Trade and price labels
Details
Published by
abhidp on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Sessions & time, Breakout, Support & resistance
Markets
Indices
Timeframes
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 |
|---|---|---|---|
| DAX Trading Window (CET) | session | 0900-1100 | dax_session |
| Buffer (Points) | float | 2.0 | buffer_points |
| Buy Line Color | color | color.new(color.green, 0) | buy_line_color |
| Sell Line Color | color | color.new(color.red, 0) | sell_line_color |
| Show Trade Labels | bool | true | show_trade_labels |
| Show Price Labels on Lines | bool | true | show_price_labels |
| Show Candle Numbers | bool | true | show_labels |
| Text Color | color | color.new(color.white, 0) | label_textcolor |
| Size | string | size.normal | label_size |
| Vertical Offset (Points) | float | 1000.0 | label_offset |
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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