by 
This strategy runs on the price chart and enters long when a fast simple moving average crosses above a slow one, and short on the opposite cross, while closing the other side. Entries also need ATR above a filter, a pullback check, a minimum candle-body chang
Strategy · Pine Script v6 · On the chart
Kell + Minervini VCP Backtest
Implements a strategy combining Oliver Kell's Cycle of Price Action with Mark Minervini's Volatility Contraction Pattern (VCP).
GitHub stars2on the repository
Pine versionv6current
Lines of code270
Settings18inputs
LicenceCustom licence
Last update3 months ago10 Jul 2026
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
Kell + Minervini VCP Backtest identifies breakout setups such as wedge pops and EMA crossbacks aligned with EMA 10/20/50/200 and an optional Minervini Trend Template. Long entries trigger when price contracts in ATR and expands on above-average volume. Exits execute via an initial stop 3% below the 10 EMA (with an 8% hard stop cap), a 20% take profit target, or trailing wedge-drop and EMA 50 breaks.
- Oliver Kell Cycle of Price Action moving average alignment
- Minervini Volatility Contraction Pattern with volume expansion
- Minervini Trend Template filter using SMA 50, 150, and 200
- Dual stop loss with EMA 10 trailing buffer and hard stop cap
- Configurable take profit and trailing wedge drop exits
Details
Published by
mirkothepirko on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Breakout, Moving averages, Volatility & bands
Markets
Stocks
Timeframes
H4 and above
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EMA 10 (Kell Primär) | int | 10 | ema10_len |
| EMA 20 (Kell Primär) | int | 20 | ema20_len |
| EMA 50 (Trend/Trail) | int | 50 | ema50_len |
| EMA 200 (Langfrist) | int | 200 | ema200_len |
| Minervini Trend Template (SMA 50/150/200) | bool | true | use_tt |
| Volumen Avg (Bars) — Minervini: 50 Tage | int | 50 | vol_len |
| Ausbruch-Volumen Multiplikator (140%+) | float | 1.4 | vol_mult |
| ATR Kontraktion Schwelle | float | 0.7 | atr_ratio |
| RSI Länge | int | 14 | rsi_len |
| RSI Exhaustion Schwelle | int | 78 | rsi_ext_min |
| Stop Loss % unter EMA10 (Kell: below 10 EMA) | float | 3.0 | stop_pct |
| Max Verlust % — Hard Stop (O'Neil) | float | 8.0 | max_loss |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Profit Ziel % (Minervini: 1. Take-Profit 20%) | float | 20.0 | profit_pct |
| Start Jahr | int | 2022 | from_year |
| Start Monat | int | 1 | from_month |
| Start Tag | int | 1 | from_day |
| Hintergrundfarben | bool | true | show_bg |
| Info-Tabelle | bool | true | show_table |
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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