This trend-following strategy executes a classic Donchian channel breakout system designed to cross-validate backtest results against external framework benchmarks. It triggers a long entry when the closing price breaks above the highest high of the prior entr
Strategy · Pine Script v6 · On the chart
BottleRocket Pivot Breakout
BottleRocket Pivot Breakout is an intraday trading strategy designed to capture breakout moves above daily pivot levels.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code208
Settings13inputs
LicenceNone stated
Last update4 months ago1 Jul 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
BottleRocket Pivot Breakout derives floor trader pivots and ATR values from prior-day session data to avoid lookahead bias. Entries are filtered using a minimum stock price threshold, maximum daily ATR percentage to limit excessive volatility, maximum approach distance from the pivot, and an optional 5-day moving average trend filter. Positions are managed with trailing stop-loss percentages and an optional end-of-day force close. Trades are executed on intrabar tick updates on the main price chart.
- Prior-day floor trader pivot level calculations
- Daily ATR percentage volatility filtering
- Optional 5-day moving average trend filter
- Intraday trailing stop and EOD force close
- TradersPost JSON alert configuration settings
Details
Published by
majohnst on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- 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 |
|---|---|---|---|
| Trailing Stop % | float | 4.0 | trailPct |
| Max Approach Distance % (below pivot) | float | 10.0 | approachPct |
| Require Price Above 5-Day MA | bool | false | use5DMA |
| Max ATR % of Price (volatility gate) | float | 8.0 | atrMaxPct |
| Min Price — BottleRocket gate ($) | float | 10.0 | minPrice |
| Dollar Amount | float | 1000 | tpQuantity |
| Take Profit % | float | 10.0 | tpTp |
| Stop Loss % | float | 4.0 | tpSl |
| Send TP/SL in JSON | bool | true | tpSetTargets |
| Force Close at EOD | bool | true | closeEOD |
| EOD Hour (Exchange Time) | int | 15 | eodHour |
| EOD Minute | int | 58 | eodMinute |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Debug logging | bool | false | debugEnabled |
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 running pivot highs as red R circles and pivot lows as blue S circles directly on the price chart. It computes an EMA 3 and a Cto trend line from close prices, then generates long signals on upward EMA-Cto crossovers combined with price pos
The Chained Linear Regression Reversal Strategy plots linear regression channels with upper and lower standard deviation bands directly on the price chart across a user-defined time window. When price breaks out of the static channel for a confirmed number of
Calculates multi-period logarithmic regression trend channels and deviation bands across up to twenty selectable lookback lengths directly on the price chart. It evaluates channel slopes and Pearson's correlation coefficient to detect market trends and generat
This trend breakout strategy plots Donchian Channels consisting of upper, lower, and middle bands directly on the main price chart. Long positions enter when price touches the upper channel and pulls back to or below the middle band, placing a stop loss at the
This strategy executes trades on short-term cryptocurrency charts using a combination of pivot support and resistance levels and a multi-pole smoothed trend filter. Entries trigger when price crosses the smoothed trend line and confirms above or below a short-
Related on ForexR
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers