Strategy · Pine Script v5 · On the chart

NR7 Range Breakout

by Basant1Saini

NR7 Range Breakout identifies narrowest range bars over a specified lookback period and trades breakouts beyond their high or low price boundaries.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code76
Settings9inputs
LicenceNone stated
Last update8 months ago4 Mar 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
  4. 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

NR7 Range Breakout plots an exponential moving average trend filter alongside visual highlights for range compression and breakout signals directly on the main price chart. Long and short entries require volume confirmation above a moving average threshold and alignment with the EMA filter. Positions are exited using an ATR-based stop loss and a set risk-to-reward ratio, while pending breakouts auto-expire after three bars.

Details

Published by

Basant1Saini on GitHub

Draws

On the price chart

Markets

Stocks

Timeframes

M15-H1, H4 and above

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.

SettingTypeDefaultVariable
NR Lookback Periodint7nrPeriod
Trend EMA Lengthint50emaLen
Use Trend FilterbooltrueuseTrend
Volume Confirmation on BreakoutbooltruevolFilter
Volume Multiplierfloat1.3volMult
Breakout Buffer %float0.1buffer
ATR Lengthint14atrLen
ATR Multiplier (SL)float1.5atrMult
Risk:Rewardfloat2.5rrRatio
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

BB Squeeze Breakout

by muammeryldrm42
7 stars

BB Squeeze Breakout is a volatility breakout strategy that identifies consolidation squeezes using Bollinger Band width percentile ranking. When the band width drops below its 25th percentile and price crosses above or below the bands with optional volume conf

Strategy v5 Volatility & bandsBreakout
Updated 3 months ago · MIT GitHub repository of BB Squeeze Breakout

Bollinger Squeeze STEPFUN

by eltonaguiar
4 stars

This strategy detects Bollinger Band squeezes by measuring band width against a threshold. It waits for a confirmed breakout in either direction when bands expand, using optional volume confirmation. Long and short signals trigger on breakout after squeeze. Po

Strategy v5 Volatility & bandsBreakout
Updated 2 days ago · None stated GitHub repository of Bollinger Squeeze STEPFUN
1 stars

This strategy draws on the price chart and filters directional signals with four optional checks. It compares a fast exponential moving average with a slower one, requires volume above its average when the volume audit is on, and aligns close with a higher-tim

Strategy v6 Moving averagesVolatility & bands
Updated 2 months ago · None stated GitHub repository of TnSovereign Fakeout Confirmed
257 stars

This overlay strategy is built for ES futures on the one-minute chart. It plots a volume-weighted moving average of price opens and standard-deviation bands at Fibonacci ratios, plus a second longer volume-weighted average from a higher-timeframe open. Call an

Strategy v5 Volatility & bandsMoving averages
Updated 7 weeks ago · None stated GitHub repository of ES Futures 1M No Repaint

Bollinger Breakout

by hackingthemarkets
189 stars

This price-chart strategy plots a simple moving average and upper and lower bands built from the standard deviation of close, scaled by separate offset inputs. It enters a fixed quantity long when close crosses above the upper band and a fixed quantity short w

Strategy v4 Volatility & bandsBreakout
Updated 3 years ago · None stated GitHub repository of Bollinger Breakout
106 stars

This strategy runs on the price chart and enters long when a fast simple moving average crosses above a slow one, and short on the opposite cross, while closing the other side. Entries also need ATR above a filter, a pullback check, a minimum candle-body chang

Strategy v5 TrendMoving averages
Updated 2 years ago · GPL-3.0 GitHub repository of 9:22 5 MIN 15 MIN BANKNIFTY

More Breakout scripts

Related on ForexR

Trade Your Charts With a Regulated Broker

Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.

Compare brokers