This strategy runs on the price chart and enters long when a fast simple moving average crosses above a slow one, and short on the opposite cross, while closing the other side. Entries also need ATR above a filter, a pullback check, a minimum candle-body chang
Strategy · Pine Script v5 · On the chart
Donchian Breakout Strategy
The Donchian Breakout Strategy is a Turtle-style breakout system that plots Donchian channels on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code39
Settings3inputs
LicenceNone stated
Last update11 months ago17 Nov 2025
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
Donchian Breakout Strategy generates long entries when the close price crosses above the upper channel and short entries when crossing below the lower channel. Exits are managed using an ATR-based stop loss calculated with the specified ATR length and multiplier. The main settings allow customization of the Donchian channel length, ATR length, and stop loss multiplier. This strategy draws its channels, middle line, and trade signals directly on the price chart.
- Donchian Channel Breakout
- ATR Stop Loss
- Long Short Entries
- Price Chart Overlay
- Turtle Style Strategy
Details
Published by
surajmateti on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Trend, Volatility & bands, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Donchian Length | int | 20 | len |
| ATR Length | int | 14 | slATRlen |
| ATR SL Multiplier | float | 2.0 | atrMult |
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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