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 Extension
This strategy plots on the price chart and looks for confirmed pivot highs and lows using left and right lookback bars.
GitHub stars1on the repository
Pine versionv6current
Lines of code20
Settings2inputs
LicenceNone stated
Last update1 year ago27 May 2025
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 Extension opens a long position when a pivot low is confirmed and a short position when a pivot high is confirmed. Position size defaults to the full equity balance, with commission and slippage set in the strategy properties. The two inputs change how many bars define each pivot. There are no exit rules and no stop loss by default.
- Pivot high and low detection
- Long entry on confirmed pivot low
- Short entry on confirmed pivot high
- Percent of equity position sizing
- Adjustable left and right lookback
Details
Published by
Studentcodee on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
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 |
|---|---|---|---|
| Pivot Lookback Left | int | 8 | leftBars |
| Pivot Lookback Right | int | 4 | rightBars |
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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