This strategy trades longs and shorts on the price chart. Long entries require a close above the prior Donchian high, a close above a long-term SMA, and RSI above a threshold, with size set as a percentage of equity. Long exits use a stop at the prior Donchian
Strategy · Pine Script v6 · On the chart
AG Momentum Breakout
AG Momentum Breakout is a strategy that identifies continuation signals after pullbacks in trending markets.
GitHub stars4on the repository
Pine versionv6current
Lines of code63
Settings0inputs
LicenceNone stated
Last updatetoday28 Oct 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
AG Momentum Breakout filters for uptrends using EMAs and detects recent pullbacks via RSI conditions before entering on RSI crossovers above 50 with ADX confirmation. The strategy uses 10% equity position sizing with 0.05% commission and 2-slippage. Long entries use a 3x ATR take profit and 1.5x ATR stop loss, while short entries reverse the levels. Positions close automatically after 15 bars or on exit signals. It plots EMAs, trend background colors, and signal shapes on the price chart.
- EMA50 200 crossover filter
- RSI pullback detection
- ADX trend strength
- ATR-based exits
- 15-bar max hold
Details
Published by
eltonaguiar on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Breakout
Markets
Crypto
Timeframes
H4 and above
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.
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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