This strategy draws on the price chart and is set up for daily ETF trading. It can enter through a classic surge-and-consolidation breakout, a pullback toward stacked EMAs, a relative-volume spike with price momentum, or a pause inside a strong trend. EMA leng
Strategy · Pine Script v5 · On the chart
Momentum Breakout
This Pine Script strategy detects momentum breakouts on price charts by combining trend momentum signals with a volume filter.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code19
Settings0inputs
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
Momentum Breakout enters trades when price breaks above resistance with volume 1.5 times average, reducing false signals. No specific stop loss or take profit is defined in the code, relying instead on the built-in strategy framework. The indicator plots signals directly on the main price chart for visual entry and exit decisions.
- Momentum Breakout Strategy
- Volume Confirmation Filter
- Reduced False Signals
- Price Chart Overlay
Details
Published by
knectardev on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Breakout, Volume
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.
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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