Green Ribbon Pullback Breakout (…: 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

After a shallow pullback into the ribbon it stores the recent swing high and enters when price closes above it. The stop is anchored to the ribbon with a minimum distance, and the target uses a reward-to-risk ratio. Ribbons and active levels are drawn.

EMA 144 ribbon trend filter with slope check
Fibonacci EMA alignment ribbon
Pullback then swing high breakout entry
Ribbon-anchored stop and R:R target
Optional backtest date window

Details

Published by

MuhammadMuhamid on GitHub

Type

Strategy, Pine Script v6

Draws

On the price chart

Markets

Crypto

Timeframes

M15-H1

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

platform/green_ribbon_pullback_breakout_spot.pine

Repository

github.com/MuhammadMuhamid/my-tradingview-clone. 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
Green Ribbon EMA Length	`int`	`144`	`greenLen`
Require Rising Ribbon (slope filter)	`bool`	`true`	`useSlopeFilter`
Slope Lookback (bars)	`int`	`10`	`slopeLookback`
Min Ribbon Slope Over Lookback (%)	`float`	`0.0`	`minSlopePct`
Fib EMA 1 (fastest)	`int`	`21`	`fibLen1`
Fib EMA 2	`int`	`34`	`fibLen2`
Fib EMA 3	`int`	`55`	`fibLen3`
Fib EMA 4 (RED - alignment filter)	`int`	`89`	`fibLen4`
Swing High Detection	`string`	`SWING_PIVOT`	`swingMode`
Pivot Left Bars	`int`	`5`	`pivotLeft`
Pivot Right Bars	`int`	`2`	`pivotRight`
Highest-High Lookback (bars)	`int`	`20`	`swingLookback`

Show all 25 settings

Setting	Type	Default	Variable
Max Pullback Depth Below Ribbon Low (%)	`float`	`0.5`	`pullbackDepthPct`
Re-target On Newer Swing Highs	`bool`	`true`	`trackNewPivots`
Stop Loss Anchor	`string`	`SL_RIBBON`	`slMode`
Risk : Reward Ratio	`float`	`2.0`	`rrr`
Extra SL Buffer Below Anchor (%)	`float`	`0.0`	`slBufferPct`
Minimum Stop Distance (%)	`float`	`0.5`	`minStopPct`
Show Green Ribbon	`bool`	`true`	`showGreen`
Show Orange Ribbon	`bool`	`true`	`showFib`
Show Armed Swing-High Lines	`bool`	`true`	`showSwingLines`
Show Active SL / TP	`bool`	`true`	`showTradeLevels`
Limit Backtest Window	`bool`	`false`	`useDateFilter`
Start	`time`	`timestamp("2020-01-01T00:00:00+0000")`	`startTime`
End	`time`	`timestamp("2030-01-01T00:00:00+0000")`	`endTime`

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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