Fractal Breakout Strategy (FB Al…: Free TradingView Strategy (Pine Script)

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

Fractal Breakout Strategy (FB Algo) tracks confirmed high and low fractal levels without repainting to serve as potential breakout entry triggers. When a breakout occurs, trades are executed with risk parameters managed by Average True Range calculations. Position exits are controlled by customizable ATR-based stop loss and take profit multipliers. The script overlays fractal shapes and breakout level lines directly on the price chart.

Williams 5-bar fractal detection
ATR-based stop loss and take profit targets
Non-repainting breakout level tracking
Customizable visual fractal markers and levels

Details

Published by

Tradehook-org on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

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.

File

algorithms/FractalBreakoutAlgo_PineScript.pine

Repository

github.com/Tradehook-org/pinescript-marketplace. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Enable Strategy	`bool`	`true`	`i_strategy_enabled`
ATR Length	`int`	`14`	`i_atr_length`
Stop Loss Multiplier (ATR)	`float`	`3.0`	`i_sl_multiplier`
Take Profit Multiplier (ATR)	`float`	`6.0`	`i_tp_multiplier`
Show Fractal Shapes	`bool`	`true`	`i_show_fractals`
Show Breakout Levels	`bool`	`true`	`i_show_levels`
Show ATR in Pane	`bool`	`false`	`i_show_atr`

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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