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 v5 · On the chart
XAUUSD Dynamic Breakout + SL Points
This indicator identifies a specific anchor candle based on user-defined start hour, start minute, and time zone inputs.
GitHub stars7on the repository
Pine versionv5runs as is
Lines of code65
Settings4inputs
LicenceNone stated
Last update3 months ago24 Jul 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
XAUUSD Dynamic Breakout + SL Points calculates the high-to-low price range of that anchor bar to project entry levels, stop losses, and target levels for both buy and sell breakout trades. The script overlays visual projection boxes, dashed target lines corresponding to 1:1, 1:2, and 1:3 risk-reward ratios, and stop loss point labels extending forward across a set number of bars.
- Anchor candle detection via user start time
- Dynamic risk-reward target calculations
- Visual entry and exit projection boxes
- Customizable time zone and target settings
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Breakout, Support & resistance, Sessions & time
Markets
Gold
Timeframes
M15-H1
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 |
|---|---|---|---|
| Timezone | string | GMT+5:30 | tz |
| Start Hour (24h Format) | int | 4 | target_hour |
| Start Minute | int | 30 | target_minute |
| Box Width (Bars) | int | 40 | box_width |
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.
Similar Pine Scripts
This indicator calculates and plots session ranges and key breakout levels for DAX futures directly on the price chart. It defines the overnight Globex session, the Frankfurt pre-market range, and the regular trading hours open using European timezone settings
The ORB Pro indicator calculates and plots Opening Range Breakout levels, stop-loss and take-profit zones, signal labels, and an status dashboard on the price chart. Built on academic research, it evaluates trades using an opening-candle direction filter, open
This indicator plots opening range breakout levels across multiple timeframes, including five, fifteen, thirty, and sixty minutes, directly on the price chart. It also displays the session open and overnight high and low levels. The script calculates an openin
FX Market Sessions highlights distinct trading sessions, such as London, New York, and Tokyo, directly on the main price chart. It draws background boxes for each active session and optionally plots opening ranges, Fibonacci retracement levels, and session ext
This indicator tracks session-specific price ranges and rejection patterns directly on the main price chart. Based on the South African Standard Time (SAST) session window, it establishes reference high and low boundaries from a lookback period and monitors pr
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers