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
Daily Trend Rider
A long-only swing strategy for daily charts of liquid stocks.
GitHub stars1on the repository
Pine versionv6current
Lines of code184
Settings12inputs
LicenceNone stated
Last update6 weeks ago14 Sep 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
Daily Trend Rider requires several consecutive green closes, a close above the 20 EMA, ADX above a minimum and a bullish SuperTrend, within a price band. Entry is a break of the prior high on volume or a pullback bounce off the 9 EMA. Exits include a close below SuperTrend or the 20 EMA, an optional exhaustion exit, an ATR trail from the highest close and a maximum hold. Presets and a date window are provided.
- Consecutive green closes with ADX and SuperTrend filters
- Breakout and 9 EMA pullback entries
- ATR trail, trend and time-based exits
- Preset chains and date range
Details
Published by
femibol on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Breakout
Markets
Stocks
Timeframes
H4 and above
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 |
|---|---|---|---|
| Setting chain | string | Loose rider (max runner) | preset |
| Limit backtest to date range | bool | false | useRange |
| Start | time | timestamp("1 Jan 2024 00:00 +0000") | rangeStart |
| End | time | timestamp("1 Jan 2027 00:00 +0000") | rangeEnd |
| Min consecutive green closes | int | 3 | minGreensIn |
| Min ADX(14) | float | 25 | adxMinIn |
| ATR trail multiple | float | 1.5 | trailMultIn |
| Max hold (days) | int | 20 | maxHoldIn |
| Allow 9-EMA pullback entries | bool | true | usePullbackIn |
| Exit on first red after 5+ greens | bool | true | useRedExitIn |
| Min price $ | float | 10 | minPrice |
| Max price $ | float | 1000 | maxPrice |
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
This strategy executes trades based on crossovers between a 12-period and a 26-period exponential moving average (EMA). Long positions can be filtered by pivot resistance breakouts and RSI boundary ranges. For trade management, it provides two configurable par
This strategy trades long breakouts of a fast and a slow moving average on the price chart. It opens a long position when price crosses above either average, using a percentage of equity as size. It reduces the position by a set share when the high reaches the
This strategy enters long or short on the price chart when price is on the correct side of a 200-period EMA, MACD agrees, RSI is not at the opposing extreme, ADX exceeds a threshold, volume beats a 20-bar average, and close breaks the recent high or low. A tim
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers