Calculates standard Bollinger Bands and identifies band expansion breakouts where upper and lower bands move in opposite directions. It enters long positions when price breaks above the upper band with a high candle body percentage, and enters short positions
Strategy · Pine Script v5 · On the chart
Bollinger Band Breakout Strategy
This strategy enters long when price closes above the upper Bollinger Band after being at or below it on the prior bar, and enters short on a close below the lower band.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code38
Settings5inputs
LicenceNone stated
Last update1 year ago30 Mar 2025
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
Each trade gets an ATR-based stop loss and take profit using separate multipliers. Band length and standard deviation are adjustable, and the three band lines are plotted on the price chart. Orders use all available equity by default.
- Bollinger Band close breakout entries
- ATR-based stop loss and take profit
- Adjustable band length and deviation
- Bands plotted on the chart
Details
Published by
pcjtse on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Volatility & bands
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| BB Length | int | 20 | bbLength |
| BB Standard Deviation | float | 2.0 | bbMult |
| ATR Period | int | 14 | atrPeriod |
| ATR Multiplier | float | 2.0 | atrMultiplier |
| Stop Loss ATR Multiplier | float | 3.0 | stopLossMultiplier |
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 strategy plots VWMA-based Bollinger bands on the 1-minute ES futures price chart for volatility analysis and potential breakout identification. It calculates dynamic long and short stop loss and take profit levels using percentage inputs relative to entry
This strategy detects price breakouts above rolling highest highs or below lowest lows over a customizable lookback period. It includes optional volume spike and ATR volatility threshold filters, along with bar confirmation rules. Positions are taken upon conf
This price-chart strategy plots a simple moving average and upper and lower bands built from the standard deviation of close, scaled by separate offset inputs. It enters a fixed quantity long when close crosses above the upper band and a fixed quantity short w
2 Candles Inside ATR is an overlay script that measures volatility compression across two consecutive candles. It calculates a smoothed Average True Range (ATR) and compares it against the combined high and low range of the current and previous bars. When the
This strategy trades long breakouts of a fast and a slow moving average on the price chart. It opens a long position when price crosses above either average, using a percentage of equity as size. It reduces the position by a set share when the high reaches the
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers