Breakout AVAAI BITGET is a cryptocurrency breakout strategy that identifies entry points using price channels alongside ATR, MACD, ADX, and volume trend filters.
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
Long and short entries trigger when price breaches Donchian-style highest highs or lowest lows under active market conditions. The strategy manages exits through fixed percentage-based take profit and stop loss levels calculated relative to the average position entry price. Settings allow users to toggle trade direction and adjust individual filter parameters.
Donchian-style high and low channel breakout entries
Multi-filter trade confirmation using ATR, ADX, MACD, and Volume MA
Fixed percentage-based stop loss and take profit targets
Configurable trade direction options for long, short, or both
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Breakout Length
int
10
length
Take Profit (%)
float
200
take_profit
Stop-Loss (%)
float
10
stop_loss_percent
Trade Direction
string
BOTH
trade_direction
ATR Threshold
float
0.002
atrThreshold
________________________
int
0
devider
Volatility Length (0 to disable)
int
0
volatility_length
ADX Length (0 to disable)
int
0
adx_length
ADX Threshold (0 to disable)
float
1
adx_threshold
Volume Length (0 to disable)
int
0
volume_length
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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