This strategy plots VWMA-based Bollinger bands on the 1-minute ES futures price chart for volatility analysis and potential breakout identification. It calculates dynamic long and short stop loss and take profit levels using percentage inputs relative to entry
Strategy · Pine Script v6 · On the chart
Donchian Channel Breakout
This strategy tracks price breakouts using Donchian Channels calculated from the highest highs and lowest lows over configurable lookback periods.
GitHub stars1on the repository
Pine versionv6current
Lines of code42
Settings2inputs
LicenceApache-2.0
Last update7 days ago23 Oct 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
42 lines of Pine Script v6 from validation/ta-donchian-channel-breakout-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe 10 — Donchian channel breakout
// Purpose: parity test for ta.highest / ta.lowest band construction with the
// `[1]`-shifted entry comparison (yesterday's channel, today's close).
//
//@version=6
strategy("Donchian Channel Breakout", overlay=true, initial_capital=1000000, process_orders_on_close=false, pyramiding=1, commission_type=strategy.commission.percent, commission_value=0, slippage=0, default_qty_type=strategy.fixed, default_qty_value=1)
// === Inputs ===
entryLen = input.int(20, "Entry Channel Length", minval=5)
exitLen = input.int(10, "Exit Channel Length", minval=3)
// === Donchian Channels ===
entryUpper = ta.highest(high, entryLen)
entryLower = ta.lowest(low, entryLen)
entryMid = (entryUpper + entryLower) / 2
exitUpper = ta.highest(high, exitLen)
exitLower = ta.lowest(low, exitLen)
// === Breakout signals ===
longCond = close > entryUpper[1]
shortCond = close < entryLower[1]
// === Strategy ===
if longCond
strategy.entry("Long", strategy.long)
if shortCond
strategy.entry("Short", strategy.short)
// === Exit on opposite channel ===
if strategy.position_size > 0 and close < exitLower[1]
strategy.close("Long")
if strategy.position_size < 0 and close > exitUpper[1]
strategy.close("Short")
plot(entryUpper, "Entry Upper", color=color.green)
plot(entryLower, "Entry Lower", color=color.red)
plot(entryMid, "Mid", color=color.gray)
Overview
Donchian Channel Breakout plots the upper, lower, and mid entry channels directly on the price chart. A long entry triggers when the bar close breaks above the previous bar's entry channel, while a short entry triggers below the lower entry channel. Positions exit when price crosses the shorter exit channel bounds. Settings allow users to adjust the entry and exit channel lengths. Note that the strategy operates without fixed stop-loss orders.
- Donchian Channel entry and exit bands
- Breakout signal generation
- Configurable entry and exit channel lengths
- Price chart overlay plots
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Entry Channel Length | int | 20 | entryLen |
| Exit Channel Length | int | 10 | exitLen |
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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