by 
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 v5 · On the chart
Turtle MACD Time-Zone Filter
This strategy enters long when price closes above the prior Donchian high and short when it closes below the prior Donchian low, only while flat and inside a Taipei-hour window.
GitHub stars42on the repository
Pine versionv5runs as is
Lines of code77
Settings10inputs
LicenceNone stated
Last update2 months ago27 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
Turtle MACD Time-Zone Filter exits on a MACD histogram reversal or through an ATR stop and a percentage take-profit scaled by a leverage multiplier. Settings change the Donchian length, MACD lengths, ATR stop distance, session hours, take-profit percent, and equity position size. It draws on the price chart and holds one position at a time.
- Donchian channel breakout entries
- MACD histogram reversal exits
- ATR stop and percent take profit
- Taipei timezone entry window
- Percent-of-equity position sizing
Details
Published by
skywalker0803r on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Oscillators & momentum, Volatility & bands, Sessions & time
Markets
Crypto
Timeframes
Any timeframe
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 |
|---|---|---|---|
| ATR Period | int | 14 | atr_period |
| Entry Period (Donchian) | int | 22 | entry_period |
| Stop Loss ATR Multiplier | float | 2.9 | atr_multiplier |
| MACD Fast Length | int | 14 | fast_length |
| MACD Slow Length | int | 25 | slow_length |
| MACD Signal Length | int | 15 | signal_length |
| Entry Start Hour (Taipei) | int | 22 | start_hour_taipei |
| Entry End Hour (Taipei) | int | 0 | end_hour_taipei |
| Take Profit % | float | 3.5 | take_profit_percent |
| Leverage Multiplier | float | 7.0 | leverage_multiplier |
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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