Strategy · Pine Script v6 · On the chart

BB Breakout [trugurpala]

by trugurpala

This strategy executes trades based on Bollinger Band breakouts and ATR-based dynamic risk management.

View on GitHub

GitHub stars4on the repository
Pine versionv6current
Lines of code37
Settings6inputs
LicenceMIT
Last update2 months ago3 Aug 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

37 lines of Pine Script v6 from examples/strategies/04_bb_breakout.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

04_bb_breakout.pine
//@version=6
// Bollinger Band Breakout Strategy — github.com/trugurpala/pinescriptv6
// Author: Ugur Pala · mail@ugurpala.com
strategy("BB Breakout [trugurpala]",
    overlay=true, initial_capital=10000,
    default_qty_type=strategy.percent_of_equity, default_qty_value=10,
    commission_type=strategy.commission.percent, commission_value=0.1)

// ── Inputs ───────────────────────────────────────────────────────────────────
int   bbLen    = input.int(20,   "BB Length",  minval=1)
float bbMult   = input.float(2.0, "BB Mult",   step=0.1)
int   atrLen   = input.int(14,   "ATR Length", minval=1)
float slMult   = input.float(1.5, "SL Mult",   step=0.1)
float tpMult   = input.float(2.0, "TP Mult",   step=0.1)
bool  longOnly = input.bool(false, "Long Only")

// ── Calculations ─────────────────────────────────────────────────────────────
[upper, basis, lower] = ta.bb(close, bbLen, bbMult)
float atrVal    = ta.atr(atrLen)
bool  longEntry  = ta.crossover(close,  upper) and strategy.position_size == 0
bool  shortEntry = ta.crossunder(close, lower) and strategy.position_size == 0

// ── Entries ──────────────────────────────────────────────────────────────────
if longEntry
    strategy.entry("Long", strategy.long)
    strategy.exit("Long Exit", "Long", stop=close - slMult * atrVal, limit=close + tpMult * atrVal)
if shortEntry and not longOnly
    strategy.entry("Short", strategy.short)
    strategy.exit("Short Exit", "Short", stop=close + slMult * atrVal, limit=close - tpMult * atrVal)

// ── Visuals ──────────────────────────────────────────────────────────────────
p1 = plot(upper, "Upper", color.new(color.blue, 30))
p2 = plot(lower, "Lower", color.new(color.blue, 30))
plot(basis, "Basis", color.orange, linewidth=2)
fill(p1, p2, color.new(color.blue, 90))
plotshape(longEntry,  "Long",  shape.triangleup,   location.belowbar, color.green, size=size.normal)
plotshape(shortEntry, "Short", shape.triangledown, location.abovebar, color.red,   size=size.normal)

Overview

BB Breakout [trugurpala] opens a long position when price crosses above the upper Bollinger Band and a short position when price crosses below the lower band, provided no position is currently open. Stop loss and take profit levels are calculated dynamically using multiples of Average True Range. An optional setting allows users to restrict execution to long-only setups. The script plots the upper and lower bands, basis line, band fill, and entry shapes directly on the price chart.

Details

Published by

trugurpala on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Category

Volatility & bands, Breakout, Moving averages

Markets

Any symbol

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.

Topics

aialgorithmic-tradingclaude-codecodexcoding-agentsgithub-copilotopen-sourcepine-scriptpine-script-v6technical-analysis

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
BB Lengthint20bbLen
BB Multfloat2.0bbMult
ATR Lengthint14atrLen
SL Multfloat1.5slMult
TP Multfloat2.0tpMult
Long OnlyboolfalselongOnly
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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