ORB Pine Script v6 Trading Strategy for BTCUSD.P

Create Pine Script Version 6 Strategy for Tradingview Title: ORB Strategy This is an Opening Range Breakout Strategy for BTCUSD.P (perpetual) //━━━━━━━━━━ INPUTS ━━━━━━━━━━// // ── General Settings ── Time Zone: default Asia/Kolkata Session Start: Hour (default 05) Minute (default 30) Session End: > Default is Off (new session starts after 24 hours) > When ON: Hour (default 15) Minute (default 15) Opening Candles: Options (default 30 min) Duration: Options (default 1 day) Zone History: > OFF (default is OFF), plots only current session > ON: plots all previous sessions No. of Targets: “Tn” default 1, (min 1, max 5) Stop Loss: > Option 1: Zone Lines > Option 2: Fixed “x” (default 100 points) //━━━━━━━━━━━━━━━━━━━━━━━━// ORB Zone length - as per input “Duration” ORB Zone starts at -as per input “Session Start” ORB Zone ends at -as per input “Session End” Zone Upper = High of opening price at 05:30 (or as per “Session Start”) Zone Lower = Low of opening price at 05:30 (or as per “Session Start”) Variables: ZUL - Zone Upper Line ZLL - Zone Lower Line Trading Conditions: One trade at any given time. Entry Once per bar close. ENTRY: Enter Long when Breakout (on candle close above ZUL) STOP LOSS: as per input “Stop Loss” > if Stop Loss = input “Stop Loss: Zone Lines”, then SL = ZLL > if Stop Loss = input “Stop Loss: Fixed”, then SL = “x” points TARGET: input “No. of Targets” > if “n” = 1, then Exit 100% > else Exit: % Qty / “n” After Target 1 is achieved but Target 2 is not hit and price retraces, Exit 100% at Target 1. After Target 1 + Target 2 is achieved but Target 3 is not hit and price retraces, Exit 100% at Target 2. And so on… ENTRY: Enter Short when Breakdown (on candle close below ZLL) STOP LOSS: as per input “Stop Loss” > if Stop Loss = input “Stop Loss: Zone Lines”, then SL = ZUL > if Stop Loss = input “Stop Loss: Fixed”, then SL = “x” points TARGET: input “No. of Targets” > if “n” = 1, then Exit 100% > else Exit: % Qty / “n” After Target 1 is achieved but Target 2 is not hit and price retraces, Exit 100% at Target 1. After Target 1 + Target 2 is achieved but Target 3 is not hit and price retraces, Exit 100% at Target 2. And so on… //━━━━━━━━// Case 1: If input “Target” = 1 Target 1: 100% Case 2: If input “Target” = 2 Target 1: 50% (% Qty / “2”) Target 2: 50% (% Qty / “2”) Case 3: If input “Target” = 3 Target 1: 33% (% Qty / “3”) Target 2: 33% (% Qty / “3”) Target 3: 33% (% Qty / “3”) Case 4: If input “Target” = 4 Target 1: 25% (% Qty / “4”) Target 2: 25% (% Qty / “4”) Target 3: 25% (% Qty / “4”) Target 4: 25% (% Qty / “4”) Case 5: If input “Target” = 5 Target 1: 20% (% Qty / “5”) Target 2: 20% (% Qty / “5”) Target 3: 20% (% Qty / “5”) Target 4: 20% (% Qty / “5”) Target 5: 20% (% Qty / “5”) //━━━━━━━━// // ── Plotting ORB Zone ── ORB Zone Upper Line, default colour: blue ORB Zone Lower Line, default colour: red ORB Zone Fill, default colour: grey Plot: Long below candle, Short above candle and Qty

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