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
PineForge Vector Stop Breakout
A long-only breakout strategy that waits for volatility contraction, defined as ATR falling below a set fraction of its own moving average.
GitHub stars1on the repository
Pine versionv6current
Lines of code44
Settings6inputs
LicenceApache-2.0
Last update6 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
44 lines of Pine Script v6 from validation/order-vector-stop-breakout-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
//@version=6
// SPDX-License-Identifier: Apache-2.0
// Copyright 2026 PineForge
// PineForge Corporate Strategy: Vector Stop Breakout
// A volatility contraction arms one stop-entry order; invalid setups are cancelled.
strategy("PineForge — Vector Stop Breakout", overlay=true,
initial_capital=100000,
default_qty_type=strategy.percent_of_equity, default_qty_value=5,
pyramiding=0, commission_type=strategy.commission.percent,
commission_value=0.05, slippage=1,
margin_long=100, margin_short=100,
process_orders_on_close=false, calc_on_order_fills=false)
breakoutLength = input.int(28, "Breakout Length", minval=5, group="Signal")
atrLength = input.int(15, "ATR Length", minval=2, group="Signal")
contractionRatio = input.float(0.82, "ATR Contraction Ratio", minval=0.2, maxval=1.5, step=0.02, group="Signal")
entryBufferAtr = input.float(0.12, "Entry Buffer ATR", minval=0, step=0.02, group="Execution")
stopAtr = input.float(2.0, "Stop ATR", minval=0.5, step=0.1, group="Risk")
maxBars = input.int(72, "Maximum Hold Bars", minval=5, group="Risk")
atrValue = ta.atr(atrLength)
atrBaseline = ta.sma(atrValue, breakoutLength)
breakoutLevel = ta.highest(high, breakoutLength)[1]
contracted = atrValue < atrBaseline * contractionRatio
stopTrigger = breakoutLevel + atrValue * entryBufferAtr
var int entryBar = na
if strategy.position_size == 0 and contracted
strategy.entry("Vector Breakout", strategy.long, stop=stopTrigger)
else if strategy.position_size == 0
strategy.cancel("Vector Breakout")
if strategy.position_size > 0 and strategy.position_size[1] <= 0
entryBar := bar_index
if strategy.position_size == 0
entryBar := na
if strategy.position_size > 0
strategy.exit("Vector Guard", from_entry="Vector Breakout",
stop=strategy.position_avg_price - atrValue * stopAtr)
if not na(entryBar) and bar_index - entryBar >= maxBars
strategy.close("Vector Breakout", comment="Time boundary")
plot(breakoutLevel, "Breakout Level", color=color.orange)
Overview
While that holds, it arms a buy stop just above the highest high of the prior 28 bars, plus a small ATR buffer, and cancels it when the condition ends. Each trade has an ATR-based protective stop and a maximum holding time in bars. Inputs set the breakout length, ATR settings, buffer, stop multiple and hold limit. The breakout level is plotted on the chart.
- ATR contraction setup filter
- Buy stop above prior range high
- ATR protective stop
- Maximum holding time in bars
- Breakout level plotted
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Volatility & bands
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.
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Breakout Length | int | 28 | breakoutLength |
| ATR Length | int | 15 | atrLength |
| ATR Contraction Ratio | float | 0.82 | contractionRatio |
| Entry Buffer ATR | float | 0.12 | entryBufferAtr |
| Stop ATR | float | 2.0 | stopAtr |
| Maximum Hold Bars | int | 72 | maxBars |
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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