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
Easy Trendline - XAUUSD 30m
This strategy plots dynamic pivot-based support and resistance trendlines on the price chart and trades breakouts beyond those lines.
GitHub stars7on the repository
Pine versionv6current
Lines of code407
Settings25inputs
LicenceNone stated
Last update12 months ago1 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
By default it allows longs only when EMA 50 is above EMA 200 and an RSI-SMA momentum filter is met, with an ATR entry buffer. Exits use an initial ATR stop, breakeven and trailing stops, plus optional RSI-and-price confirmation and opposite trendline breaks. Swing lookback, slope method, and long or short permission are the main settings. It is built for XAUUSD on the 30-minute chart and can pyramid up to four entries.
- Dynamic pivot-based trendlines
- EMA 50 and 200 trend filter
- RSI-SMA momentum entry filter
- ATR stop, breakeven and trailing stop
- Opposite-break and RSI confirmation exits
Details
Published by
Steinwealth on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Breakout, Support & resistance, Oscillators & momentum
Markets
Gold
Timeframes
M15-H1
Risk Notes
- The strategy can add several entries in the same direction
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Swing Detection Lookback | int | 6 | length |
| Slope Multiplier | float | 1.0 | mult |
| Slope Calculation | string | Atr | calcMethod |
| EMA Trend Filter (50 > 200) | bool | true | useTrend |
| Allow Long Trades | bool | true | allowLongs |
| Allow Short Trades | bool | false | allowShorts |
| RSI-SMA Momentum Filter | bool | true | useRSISMA |
| RSI-SMA Baseline (Longs) | int | 48 | rsiSMABaseline |
| Entry Buffer (ATR ×) | float | 0.10 | bufATRx |
| RSI + Price Confirmation Exits | bool | true | useRSI |
| RSI Length | int | 14 | rsiLen |
| Long Exit: RSI < | int | 40 | rsiExitLong |
Show all 25 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Confirmation Bars | int | 3 | rsiConfirmBars |
| Price Confirmation EMA | int | 20 | emaConfirm |
| Min Profit for RSI Exit (ATR ×) | float | 0.5 | minProfitRSI |
| Opposite Break Exits | bool | true | useOppBreak |
| Min Profit for Opp Break (ATR ×) | float | 0.8 | oppBreakMinProfit |
| ATR Period (Daily) | int | 5 | atrDailyLen |
| Initial Stop Loss (ATR ×) | float | 1.5 | slATR |
| Trailing Stop (ATR ×) | float | 2.0 | trailATR |
| Breakeven Trigger (ATR ×) | float | 0.7 | beTriggerATR |
| Breakeven Offset (ATR ×) | float | 0.3 | beOffsetATR |
| Upper Trendline Color | color | color.teal | upCss |
| Lower Trendline Color | color | color.red | dnCss |
| Show Extended Lines | bool | true | showExt |
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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