This strategy identifies breakout momentum by combining Bollinger Bands and Keltner Channels with volume confirmation. It opens long positions when the upper Keltner Channel crosses above the upper Bollinger Band and volume exceeds its moving average. Converse
Strategy · Pine Script v6 · On the chart
Minervini VCP + SmartMCDX US
This strategy identifies Volatility Contraction Patterns in US stocks using breakout confirmation with volume surge filters.
GitHub stars1on the repository
Pine versionv6current
Lines of code549
Settings40inputs
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
Minervini VCP + SmartMCDX US enters on pattern completion when required conditions such as full TPR or VCP squeeze are met and exits via partial profit targets at 5% and 10%, ATR-based stops, breakeven moves, and optional trailing stops. Settings control entry requirements, volume multipliers, buffer percentages, and risk parameters like stop loss and position sizing. It draws trend lines, base patterns, and signals directly on the price chart for US equity trading.
- Minervini VCP pattern
- SmartMCDX entry filter
- ATR stop loss
- partial profit targets
- volume surge breakout
Details
Published by
kevinesk on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Volume, Breakout, SMC / ICT / price action
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 |
|---|---|---|---|
| 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 | 1.5 | vol_mult |
| Breakout Buffer % Above Line | float | 0.3 | bo_buffer_pct |
| Use ATR-Based Stop Loss | bool | true | use_atr_stop |
| ATR Stop Multiplier | float | 2.0 | atr_sl_mult |
| Fallback Hard Stop Loss % | float | 4.5 | sl_pct |
| Take Partial Profit (Sell 50% at TP1) | bool | true | use_partial_tp |
| TP1 Target % | float | 5.0 | partial_tp_pct |
| Runner Limit at TP2 | bool | true | use_partial_tp2 |
| TP2 Target % | float | 10.0 | partial_tp2_pct |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| 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 |
| Min Base Duration (Bars) | int | 15 | min_base_bars |
| Require Min VCP Contractions | bool | true | req_contractions |
| Min Contractions in Base | int | 2 | min_contractions |
| Min Stock Price ($) | float | 5.0 | min_price_usd |
| Min Avg Daily Volume (shares) | int | 500000 | min_avg_vol |
| Require Banker for Entry | bool | false | use_mcdx_entry |
| 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 |
| Require Bull Market (SPY > 200 SMA) | bool | true | use_mkt_regime |
| Require Stock Outperforms SPY | bool | true | use_rs_filter |
| RS Lookback Period (Bars) | int | 63 | rs_period |
| Benchmark Symbol (S&P 500 ETF) | symbol | AMEX:SPY | bm_sym |
| 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 Left | table_pos_input |
| Table Size | string | Small | table_size_input |
| Dashboard: TPR Condition Breakdown (C1-C7) | bool | false | show_tpr_detail |
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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