Calculates standard Bollinger Bands and identifies band expansion breakouts where upper and lower bands move in opposite directions. It enters long positions when price breaks above the upper band with a high candle body percentage, and enters short positions
Strategy · Pine Script v6 · On the chart
PF MTF probe 04 — D high[1] break
The strategy monitors the lower timeframe close crossing above the previous daily high obtained via request.security on the daily chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code32
Settings0inputs
LicenceApache-2.0
Last update5 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
32 lines of Pine Script v6 from validation/mtf-daily-prev-high-break-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// MTF probe 04 — Daily high[1] vs 15m close (classic “HTF level” gate)
// Purpose: parity test for `request.security(..., "D", high[1], lookahead_off)`
// — the `[1]` history reference INSIDE the security call must resolve on the
// HTF bar, not the LTF chart bar.
//
// request.security(..., "D", high[1])
//
// Strict TV↔engine parity checklist:
// - Use the same symbol feed as data/ohlcv_ETH-USDT-USDT_15m.csv (Binance USDT-M ETH).
// - Match chart date range to the OHLCV file; TV “List of trades” must cover that window.
// - Set validate_detailed_report / inputs.json: tv_trades_csv_tz = "utc" if chart TZ was UTC
// when exporting trades, else "utc_plus_8" (default). Mismatch causes ±8h pairing errors.
//@version=6
strategy("PF MTF probe 04 — D high[1] break", shorttitle="MTF_p04", overlay=true,
initial_capital=1000000,
commission_type=strategy.commission.percent, commission_value=0, slippage=0,
default_qty_type=strategy.fixed, default_qty_value=1, pyramiding=1,
process_orders_on_close=false)
float dHigh1 = request.security(syminfo.tickerid, "D", high[1], lookahead=barmerge.lookahead_off)
bool crossUp = close > dHigh1 and close[1] <= dHigh1[1]
if crossUp and strategy.position_size == 0
strategy.entry("L", strategy.long, qty=1)
if close < dHigh1 * 0.995 and strategy.position_size > 0
strategy.close("L")
Overview
PF MTF probe 04 — D high[1] break enters a long position of one unit upon detection of this cross-up condition and closes the position when the close falls below 99.5 percent of the daily high. The script plots signals directly on the price chart. It operates with pyramiding set to one and provides no additional stop-loss rules beyond the 0.995 threshold exit.
- daily high[1] via security call
- cross-up long entry
- 0.995 daily high close exit
- MTF breakout strategy
- Pine Script v6
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Mean reversion
Markets
Crypto
Timeframes
M15-H1, H4 and above
Risk Notes
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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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