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
NSE Swing v6 Pro UI
A trend-following swing strategy for Indian stocks.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code728
Settings36inputs
LicenceNone stated
Last updateyesterday28 Oct 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
Longs need an EMA 21, 50 and 200 alignment with rising slopes, then enter on a pullback to the 21 EMA or a breakout above a recent swing high, filtered by ADX, volume against its average, RSI and an optional weekly and Nifty regime check. Stops and targets are ATR multiples, with an optional trailing stop. A conviction score, compact dashboard, labels and risk zones are drawn on the chart. Shorts are supported but less emphasized.
- EMA mesh trend filter
- Pullback and breakout entries
- ATR stop loss and take profit
- ADX, volume, RSI and regime filters
- Conviction score dashboard
Details
Published by
Tilak004 on GitHub
Type
Draws
On the price chart
Markets
Timeframes
H4 and above
Risk Notes
- The strategy enters trades without a stop loss
File
Repository
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| EMA 21 | int | 21 | e21_len |
| EMA 50 | int | 50 | e50_len |
| EMA 200 | int | 200 | e200_len |
| RSI Length | int | 14 | rsi_len |
| ADX Length | int | 14 | adx_len |
| Min ADX – Longs | int | 18 | adx_long |
| Min ADX – Shorts | int | 20 | adx_short |
| Volume MA Length | int | 20 | vol_len |
| Volume mult – Longs | float | 1.1 | vol_long |
| Volume mult – Shorts | float | 1.3 | vol_short |
| Enable Weekly soft filter | bool | true | use_htf |
| ATR Length | int | 14 | atr_len |
Show all 36 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| SL (ATR×) | float | 1.5 | sl_mult |
| TP (ATR×) – Longs | float | 3.5 | tp_mult_long |
| TP (ATR×) – Shorts | float | 2.25 | tp_short |
| Trailing stop (off = matches backtest) | bool | false | use_trail |
| Trail activates (ATR×) | float | 1.0 | trail_atr |
| Trail offset (ATR×) | float | 1.5 | trail_offset |
| Compact dashboard (fits short panes) | bool | true | compact |
| Entry / exit labels | bool | true | show_marks |
| Verbose labels (price + score) | bool | false | label_full |
| Shade risk / reward zones | bool | false | show_zones |
| Tint background while in a trade | bool | false | show_bg |
| Enable Pullback entries | bool | true | use_pb |
| Enable Breakout entries | bool | true | use_bo |
| Breakout lookback (bars) | int | 12 | bo_period |
| Pullback zone tolerance | float | 1.008 | pb_tol |
| Enable regime filter | bool | true | use_regime |
| Nifty50 symbol | symbol | NSE:NIFTY | nifty_sym |
| Regime EMA period | int | 200 | regime_ema |
| Base min bars | int | 15 | base_period |
| Max range % | float | 5.0 | max_range_pct |
| Base breakout vol × | float | 1.2 | base_vol_mult |
| Swing low lookback | int | 50 | room_bars |
| Min room to fall (ATR×) | float | 3.0 | min_room_atr |
| Min DI- lead over DI+ | float | 5.0 | di_gap_min |
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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