This trend-following strategy executes a classic Donchian channel breakout system designed to cross-validate backtest results against external framework benchmarks. It triggers a long entry when the closing price breaks above the highest high of the prior entr
Strategy · Pine Script v5 · On the chart
MTF Signal Strategy
The MTF Signal Strategy is designed for 1-minute charts to identify trade entries using multi-timeframe EMA trends, Opening Range Breakout (ORB) levels, key daily high/low levels, and custom pivot zones.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code464
Settings14inputs
LicenceNone stated
Last update7 months ago26 Mar 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
MTF Signal Strategy generates trade signals on bar closes when price aligns with multi-timeframe trends and key level conditions. Exits are controlled by customizable percentage-based stop loss and take-profit targets. The strategy overlays support/resistance levels, ORB lines, and a multi-timeframe trend table directly on the price chart.
- Multi-timeframe trend table overlay
- Opening Range Breakout (ORB) confirmation
- Dynamic pivot zone detection
- Percentage-based stop loss and take profit target
Details
Published by
Flopchamp on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Breakout, Support & resistance, Screeners & dashboards
Markets
Stocks, Indices
Timeframes
M1-M5, M15-H1
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 |
|---|---|---|---|
| EMA Fast Length | int | 9 | emaFastLen |
| EMA Slow Length | int | 20 | emaSlowLen |
| A-Grade Zone Proximity (%) | float | 0.3 | zoneTolerance |
| Use ORB Confirmation | bool | true | useORB |
| Hard Stop Loss (%) | float | 1.5 | sl_pct |
| T1 Target (%) | float | 0.25 | t1_pct |
| Pivot Zone Lookback (trading days) | int | 90 | pivotLookback |
| Min Touches to Form Zone | int | 3 | minTouches |
| Zone Cluster Tolerance (%) | float | 0.5 | clusterPct |
| Show ORB Lines | bool | true | showORBLines |
| Show Previous Day H/L | bool | true | showPrevDay |
| Show Pre-Market H/L | bool | false | showPremarket |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Pivot Zones | bool | true | showPivotZones |
| Show MTF Trend Table | bool | true | showTrendTable |
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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