by 
This strategy runs on the price chart and enters long when a fast simple moving average crosses above a slow one, and short on the opposite cross, while closing the other side. Entries also need ATR above a filter, a pullback check, a minimum candle-body chang
Strategy · Pine Script v4 · On the chart
Bollinger Breakout
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.
GitHub stars189on the repository
Pine versionv4older, still runs
Lines of code37
Settings3inputs
LicenceNone stated
Last update3 years ago7 Jun 2023
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
Bollinger Breakout enters a fixed quantity long when close crosses above the upper band and a fixed quantity short when close crosses below the lower band. Longs close when close crosses under the moving average, and shorts close when close crosses above it. There is no stop loss; commented position-sizing inputs are unused.
- SMA basis with standard-deviation bands
- Separate upper and lower band offsets
- Long entry on upper-band crossover
- Short entry on lower-band crossunder
- Exits when price returns to the SMA
Details
Published by
hackingthemarkets on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Volatility & bands, Breakout, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| SMA Length | int | 350 | smaLength |
| Upper Band Offset | float | 2.5 | ubOffset |
| Lower Band Offset | float | 2.5 | lbOffset |
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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