This strategy executes pullback trades based on internally computed Bollinger Bands and candle price action directly on the main price chart. It tracks breakout and pullback states to trigger long and short entries. Users can select among three distinct take p
Strategy · Pine Script v4 · On the chart
Bollinger Breakout [kodify]
This strategy trades breakouts beyond custom Bollinger Bands and closes positions upon mean reversion back to the central moving average.
GitHub stars330on the repository
Pine versionv4older, still runs
Lines of code46
Settings6inputs
LicenceNone stated
Last update2 months ago25 Aug 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
Bollinger Breakout [kodify] enters long when the close crosses above the upper band and exits when the close crosses below the simple moving average. Conversely, short trades enter on a cross below the lower band and exit when price crosses back above the SMA. Settings configure the SMA length, standard deviation length, upper/lower band multipliers, and toggle long or short trades. It plots the bands directly on the price chart and has no stop-loss orders.
- Bollinger Band breakout entry logic
- SMA cross mean-reversion exits
- Independent upper and lower band standard deviation offsets
- Configurable long and short entry toggles
- Overlay plots for bands and centerline
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Breakout, Volatility & bands, Mean reversion
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
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 |
| StdDev Length | int | 350 | stdLength |
| Upper Band Offset | float | 2.5 | ubOffset |
| Lower Band Offset | float | 2.5 | lbOffset |
| Long entries | bool | true | showLong |
| Short entries | bool | false | showShort |
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
This strategy generates buy and sell signals based on Bollinger Band crossovers combined with a simple moving average trend filter. It enters a long position when price crosses above the lower band while trading above the SMA filter line, and enters a short po
This strategy combines Bollinger Bands with a short RSI to fade moves that leave the bands and then return. A long requires the prior bar below the lower band and oversold, then a close back inside the band while RSI is between 30 and 50. Shorts mirror that at
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers