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 indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
EMA Breakout calculates multi-timeframe EMAs and dynamic Keltner Channel boundaries using ATR, True Range, or bar width. The indicator compares filtered channel midlines against a broader higher-timeframe channel structure to identify potential breakout conditions. Key settings allow customization of EMA length, Keltner Channel multi-timeframe periods, multipliers, and calculation strategy options. Higher-timeframe calculations repaint on historical bars.
Multi-timeframe EMA calculations
Higher timeframe Keltner Channel boundaries
Flexible range calculation options using ATR or True Range
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Use Strick Breakout Rule
bool
true
useStrictBreak
Choose Strategy
string
Strategy 1
useMeth
EMA Timeframe
timeframe
emaRes
EMA Length
int
30
emaLen
HTF Timeframe
timeframe
15
kCRes
KC Length
int
100
kCLength
HTF Multiplier
float
0.25
kCMult
Range Style
string
ATR
kCRange
Range Period
int
14
kCRangeLen
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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