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 v5 · On the chart
Momentum Breakout
This strategy enters long when the close is above the upper Bollinger Band and volume exceeds a moving average multiplied by a threshold, and enters short when the close is below the lower band with the same volume condition.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code68
Settings4inputs
LicenceNone stated
Last update9 months ago14 Jan 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
New entries occur only while the position is flat. Exits set a limit and a stop a fixed percentage from the current close, and those prices are recalculated each bar. Users can change band length, standard deviation, volume average length, and the volume multiplier. The three bands plot on the price chart, and a background tint marks high-volume bars.
- Bollinger Band breakout entries
- Volume moving-average confirmation
- Percentage limit and stop exits
- Upper, middle and lower band plots
- High-volume background highlight
Details
Published by
knectardev on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Volume, Breakout
Markets
Any symbol
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 |
|---|---|---|---|
| BB Length | int | DEFAULT_BB_LENGTH | bbLengthInput |
| BB StdDev | float | DEFAULT_BB_MULT | bbMultInput |
| Volume MA | int | DEFAULT_VOLUME_MA | volumeMaInput |
| Volume Multiplier | float | DEFAULT_VOLUME_MULT | volumeMultInput |
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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