This strategy plots running pivot highs as red R circles and pivot lows as blue S circles directly on the price chart. It computes an EMA 3 and a Cto trend line from close prices, then generates long signals on upward EMA-Cto crossovers combined with price pos
Strategy · Pine Script v6 · On the chart
Minervini VCP + SmartMCDX Backtest
This strategy backtests Minervini-style volatility contraction pattern breakouts on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code311
Settings33inputs
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
Entries can require a full seven-point trend template, a VCP squeeze, a volume surge, and optional SmartMCDX banker bars. It plots the 21 EMA, the 50, 150 and 200 SMAs, base trend lines, and a status table. Exits use a percentage hard stop, a half-position partial target, a move to break-even, and a 21-EMA trail on the runner, plus an optional banker-drop exit. Default sizing uses the full equity.
- Optional full seven-point trend template
- VCP squeeze and volume surge filters
- Partial profit, break-even and EMA trail
- Optional SmartMCDX banker entry and exit
- Moving averages, base lines and status table
Details
Published by
kevinesk on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Moving averages, Breakout, Screeners & dashboards
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 |
|---|---|---|---|
| Require Full TPR (7/7) for Entry | bool | true | req_tpr |
| Require VCP Squeeze for Entry | bool | false | req_vcp |
| Require Volume Surge on Breakout | bool | true | req_vol_surge |
| Volume Surge Multiplier | float | 1.0 | vol_mult |
| Initial Hard Stop Loss % | float | 4.5 | sl_pct |
| Take Partial Profit (Sell 50%) | bool | true | use_partial_tp |
| Partial TP Target % | float | 5.0 | partial_tp_pct |
| Move Stop to Break-Even | bool | true | use_breakeven |
| Break-Even Trigger % | float | 4.0 | be_trigger_pct |
| Use 21-EMA Trailing Stop for Runner | bool | true | use_trail |
| Activate Trail After % Profit | float | 3.0 | trail_activation |
| Require Banker (Red Bars) for Entry | bool | false | use_mcdx_entry |
Show all 33 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Min Banker % for Entry | float | 0.0 | mcdx_entry_val |
| Smart Exit: Sell if Banker Drops | bool | false | use_mcdx_exit |
| Exit Danger Threshold % | float | 0.0 | mcdx_exit_val |
| 21 EMA Length | int | 21 | len_ema21 |
| 50 SMA Length | int | 50 | len_sma50 |
| 150 SMA Length | int | 150 | len_sma150 |
| 200 SMA Length | int | 200 | len_sma200 |
| 21 EMA Color | color | color.new(color.yellow, 50) | c_ema21 |
| 50 SMA Color | color | color.blue | c_sma50 |
| 150 SMA Color | color | color.orange | c_sma150 |
| 200 SMA Color | color | color.red | c_sma200 |
| Table Position | string | Top Right | table_pos_input |
| Table Size | string | Small | table_size_input |
| H1 Lookback (Bars) | int | 21 | h1_lookback |
| Sub-High Left Bars | int | 3 | h_pivot_left |
| Sub-High Right Bars | int | 3 | h_pivot_right |
| Max Base Depth % | float | 35.0 | max_depth_pct |
| Show Only Latest Line per Anchor | bool | true | keep_latest |
| VCP Squeeze Tightness % | float | 2.5 | vcp_thresh |
| Require Volume Contraction for VCP | bool | true | req_vol_contraction |
| Benchmark Symbol | symbol | SPY | bm_sym |
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.
Similar Pine Scripts
This strategy executes trades based on crossovers between a 12-period and a 26-period exponential moving average (EMA). Long positions can be filtered by pivot resistance breakouts and RSI boundary ranges. For trade management, it provides two configurable par
This strategy trades long breakouts of a fast and a slow moving average on the price chart. It opens a long position when price crosses above either average, using a percentage of equity as size. It reduces the position by a set share when the high reaches the
This strategy executes trades on short-term cryptocurrency charts using a combination of pivot support and resistance levels and a multi-pole smoothed trend filter. Entries trigger when price crosses the smoothed trend line and confirms above or below a short-
This strategy trades longs and shorts on the price chart. Long entries require a close above the prior Donchian high, a close above a long-term SMA, and RSI above a threshold, with size set as a percentage of equity. Long exits use a stop at the prior Donchian
This strategy plots Donchian channels, trailing stops, and profit targets directly on the price chart. It enters breakout trades using a 55-bar Donchian channel and sizes positions according to an ATR-based risk percentage per unit. The system adds units as pr
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers