This strategy plots VWMA-based Bollinger bands on the 1-minute ES futures price chart for volatility analysis and potential breakout identification. It calculates dynamic long and short stop loss and take profit levels using percentage inputs relative to entry
Strategy · Pine Script v6 · On the chart
Mantle Keltner Regime
A long-only strategy built on Keltner Channels.
GitHub stars1on the repository
Pine versionv6current
Lines of code34
Settings4inputs
LicenceApache-2.0
Last update6 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
34 lines of Pine Script v6 from validation/ta-mantle-keltner-regime-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
// SPDX-License-Identifier: Apache-2.0
// Copyright 2026 PineForge
// PineForge Owned Strategy: Mantle Keltner Regime
// The native Keltner tuple supplies both breakout and regime boundaries.
strategy("PineForge — Mantle Keltner Regime", overlay=true,
initial_capital=100000,
default_qty_type=strategy.fixed, default_qty_value=2,
pyramiding=0, commission_type=strategy.commission.percent,
commission_value=0.05, slippage=1,
margin_long=100, margin_short=100,
process_orders_on_close=false, calc_on_order_fills=false)
channelLength = input.int(24, "Keltner Length", minval=3, group="Channel")
channelMultiplier = input.float(1.7, "Keltner Multiplier", minval=0.2, step=0.1, group="Channel")
trendLength = input.int(57, "Trend EMA Length", minval=5, group="Trend")
maximumChannelLoss = input.float(0.65, "Maximum Channel Loss", minval=0.1, maxval=2.0, step=0.05, group="Risk")
[channelCenter, channelUpper, channelLower] = ta.kc(close, channelLength, channelMultiplier)
trendLine = ta.ema(close, trendLength)
channelWidth = channelUpper - channelLower
enterLong = ta.crossover(close, channelUpper) and channelCenter > trendLine
regimeEnded = close < channelCenter
riskExceeded = strategy.position_size > 0 and close < strategy.position_avg_price - channelWidth * maximumChannelLoss
if strategy.position_size == 0 and enterLong
strategy.entry("Mantle Long", strategy.long)
else if strategy.position_size > 0 and (regimeEnded or riskExceeded)
strategy.close("Mantle Long", comment=riskExceeded ? "Channel risk" : "Channel regime")
plot(channelCenter, "Keltner Center", color=color.gray)
plot(channelUpper, "Keltner Upper", color=color.green)
plot(channelLower, "Keltner Lower", color=color.red)
Overview
Mantle Keltner Regime enters long when price crosses above the upper band while the channel centre is above a longer trend EMA. It exits when price closes below the channel centre, or when price falls a chosen fraction of the channel width below the average entry. Channel length, multiplier, trend length and the loss fraction are adjustable. The three channel lines are drawn on the price chart.
- Keltner Channel upper band breakout
- Trend EMA regime filter
- Channel-width based loss exit
- Long-only with fixed quantity
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Breakout, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Keltner Length | int | 24 | channelLength |
| Keltner Multiplier | float | 1.7 | channelMultiplier |
| Trend EMA Length | int | 57 | trendLength |
| Maximum Channel Loss | float | 0.65 | maximumChannelLoss |
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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