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 v5 · On the chart
Corpus Custom Function Breakout
This strategy computes the midpoint of the highest high and lowest low over a configurable lookback and enters long when price crosses above that line and short when it crosses below.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code20
Settings2inputs
LicenceMIT
Last update4 months ago6 Jun 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
20 lines of Pine Script v5 from apps/server/src/pine-corpus/custom_function_breakout.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("Corpus Custom Function Breakout", overlay=true)
length = input.int(20, "Range Length")
atrLen = input.int(14, "ATR Length")
f_midpoint(highSeries, lowSeries, barsBack) =>
(ta.highest(highSeries, barsBack) + ta.lowest(lowSeries, barsBack)) / 2.0
midLine = f_midpoint(high, low, length)
atrDelta = ta.ema(high - low, atrLen)
longCondition = close > midLine and close[1] <= midLine[1]
shortCondition = close < midLine and close[1] >= midLine[1]
if (longCondition)
strategy.entry("Long", strategy.long)
if (shortCondition)
strategy.entry("Short", strategy.short)
Overview
An exponential moving average of each bar's high-low range is calculated but never applied to the signal. There are no exit rules, position sizing, or stop loss. Entries are evaluated on the price chart. Opposite crosses can reverse the position, and the unused range average does not filter trades.
- Midpoint of range high and low
- Long and short crossover entries
- Configurable range and ATR lengths
- Unused EMA of bar range
- No exit or stop-loss rules
Details
Published by
Snappni on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Support & resistance
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 |
|---|---|---|---|
| Range Length | int | 20 | length |
| ATR Length | int | 14 | atrLen |
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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