This strategy enters long when price closes above the prior channel high and a longer EMA filter, the bar is bullish, volume rises versus the previous bar, and average volume and turnover clear set thresholds. It exits the long when price closes below a shorte
Strategy · Pine Script v5 · On the chart
KLSE VCP Breakout Backtest
This strategy identifies breakout opportunities in Bursa Malaysia stocks using a slow EMA trend filter where price exceeds the 150-period EMA and the slow EMA is above its 150 EMA.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code43
Settings4inputs
LicenceNone stated
Last update4 months ago12 Jun 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
KLSE VCP Breakout Backtest plots fast and slow EMAs on the price chart. Entry occurs on a new 20-day high combined with volume above the 20-period average multiplied by the volume multiple. Exit triggers on a stop loss calculated as average entry price minus the stop percentage or when close falls below the fast EMA. Settings adjust EMA periods, volume multiplier, and stop loss percentage. It operates on the price chart for stocks in the KLSE market.
- EMA trend filter
- volume breakout signal
- new high detection
- stop loss exit
- VCP breakout
Details
Published by
kevinesk on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Moving averages, Volume, Trend
Markets
Stocks
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Fast EMA | int | 21 | ema_fast |
| Slow EMA | int | 50 | ema_slow |
| Min Volume Multiple for Breakout | float | 1.5 | vol_mult |
| Stop Loss % | float | 7.0 | stop_pct |
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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