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 v6 · On the chart
Pivot Breakout
Pivot Breakout is an intraday strategy that identifies breakout opportunities using standard daily floor trader pivot points.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code179
Settings11inputs
LicenceNone stated
Last update4 months ago1 Jul 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
Pivot Breakout enters trades when price breaks above the calculated daily pivot, provided the prior daily close was within a defined approach distance percentage to avoid gapping entries. An optional 5-day moving average can be enabled as a trend filter. Positions are exited using a trailing stop percentage, target take profit levels, or a forced end-of-day session exit. The strategy overlays directly on the main price chart.
- Daily floor trader pivot level calculation
- Maximum approach distance filter for gap control
- Optional 5-day moving average trend filter
- Forced end-of-day position closure
- Percentage-based trailing stop loss
Details
Published by
majohnst on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trailing Stop % | float | 4.0 | trailPct |
| Max Approach Distance % (below pivot) | float | 10.0 | approachPct |
| Require Price Above 5-Day MA | bool | false | use5DMA |
| Dollar Amount | float | 1000 | tpQuantity |
| Take Profit % | float | 10.0 | tpTp |
| Stop Loss % | float | 4.0 | tpSl |
| Send TP/SL in JSON | bool | true | tpSetTargets |
| Force Close at EOD | bool | true | closeEOD |
| EOD Hour (Exchange Time) | int | 15 | eodHour |
| EOD Minute | int | 58 | eodMinute |
| Debug logging | bool | false | debugEnabled |
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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