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 (NON-REPAINT)
This price-chart strategy builds a prior-day floor pivot from yesterday’s high, low, and close, plus the related resistance and support levels.
GitHub stars1on the repository
Pine versionv6current
Lines of code177
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 (NON-REPAINT) looks for a break above that pivot when the prior close was within a set percentage below it, and can require price above a five-day moving average. Quantity is fixed. Inputs cover a trailing stop, take-profit and stop-loss percentages, an end-of-day forced close, and optional JSON targets. Daily data is requested with lookahead off. The excerpt ends before the exit calls.
- Prior-day floor trader pivot
- Approach-distance entry filter
- Optional five-day moving average filter
- End-of-day forced close
- TraderPost take-profit and stop JSON
Details
Published by
majohnst on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
- 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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