Calculates a momentum squeeze using Bollinger Bands and Keltner Channels alongside a trend-filtering moving average. It generates long and short entries based on squeeze momentum bar conditions and an optional pre-squeeze dot count filter. Exits can trigger on
Strategy · Pine Script v5 · On the chart
Momentum Breakout
Momentum Breakout is an overlay strategy that identifies trading opportunities using Bollinger Bands breakout logic.
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 out of the volatility bands without applying additional volume filtering. Risk management is handled through predefined exit parameters, utilizing a fixed 1% stop loss and a fixed 2% take profit target. The strategy plots directly on the main price chart. Because it lacks volume or trend filters, it may produce false breakout signals during choppy or low-volatility market conditions.
- Bollinger Bands breakout entry logic
- Fixed percentage stop loss and take profit
- Price chart overlay strategy
Details
Published by
knectardev on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Volatility & bands, Oscillators & momentum
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.
Similar Pine Scripts
This strategy plots exponential-moving-average Bollinger bands on the price chart and calculates RSI. It opens a long position when close crosses above the upper band while RSI is at or above a threshold, the date filter allows trading, and no position is open
This strategy enters long when price closes above the prior Donchian high and short when it closes below the prior Donchian low, only while flat and inside a Taipei-hour window. It exits on a MACD histogram reversal or through an ATR stop and a percentage take
This strategy trades Donchian channel breakouts on the price chart and exits on a shorter Donchian channel. It sizes each unit from a percentage of equity and an ATR-based initial stop, then adds units as price moves a set ATR distance, up to a maximum unit co
Breakout AVAAI is a crypto breakout strategy mirrored from a Python trading platform. It filters potential trades by evaluating ATR relative to close price and measuring momentum over 6-hour and 12-hour lookbacks. Positions are taken when volatility meets user
This breakout strategy identifies trade entries when price breaks above recent swing highs or below swing lows. Entries are verified through optional filters, including a 233 EMA trend filter, ATR volatility threshold, volume multiplier confirmation, RSI bound
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers