Pine Script Range Breakout

Opening range breakout from first hour high/low.

Language: Pine Script · Category: Breakout · Tags: range breakout, opening range, Pine Script, intraday, strategy

Source code

//@version=5
strategy("ORB",overlay=true)
var float rH=na, var float rL=na, var bool rSet=false
inS=time(timeframe.period,"0930-1030")
if inS
    if na(rH) or not inS[1]
        rH:=high; rL:=low
    else
        rH:=math.max(rH,high); rL:=math.min(rL,low)
if not inS and inS[1]
    rSet:=true
if rSet and not inS
    if ta.crossover(close,rH) then strategy.entry("Long",strategy.long)
    if ta.crossunder(close,rL) then strategy.entry("Short",strategy.short)
plot(rSet?rH:na,"H",color.green,2,plot.style_stepline)
plot(rSet?rL:na,"L",color.red,2,plot.style_stepline)

How to use this snippet

This is a building block, not a finished trading system. Paste it into your own Pine Script project, compile it, and test it on a demo account with your broker's real spreads before relying on it. You can convert it to MQL4 or MQL5 with the Pine Script converter.

Pine Script Range Breakout

Source code

How to use this snippet

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