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 Point Levels Break
A minimal strategy using the built-in Traditional pivot point levels.
GitHub stars1on the repository
Pine versionv6current
Lines of code28
Settings0inputs
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
28 lines of Pine Script v6 from validation/ta-pivot-point-levels-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
//
// PF TA-isolate probe — ta.pivot_point_levels("Traditional") R1/S1 break.
// Isolates the free-function pivot_point_levels intrinsic and its array return
// shape: index 0 = P, index 1 = R1, index 2 = S1 (Traditional method). With a
// per-bar anchor (anchor=true) every bar is its own period, so each bar's pivot
// set is computed from the PREVIOUS bar's HLC — exactly how the codegen lowers
// the call (_s_high[1]/_s_low[1]/_s_close[1]). Trigger is a pure price-vs-level
// crossover/crossunder, so any divergence isolates the pivot math + array
// indexing rather than entry/sizing logic.
//@version=6
strategy("PF TA isolate - pivot_point_levels R1/S1 break", shorttitle="TAI_PPL",
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)
pivots = ta.pivot_point_levels("Traditional", true)
P = array.get(pivots, 0)
R1 = array.get(pivots, 1)
S1 = array.get(pivots, 2)
if ta.crossover(close, R1)
strategy.entry("L", strategy.long, comment="close x> R1")
if ta.crossunder(close, S1)
strategy.entry("S", strategy.short, comment="close x< S1")
Overview
Each bar's levels are computed from the previous bar's high, low and close. It enters long when the close crosses above the first resistance level and short when it crosses below the first support level. It has no inputs, no stop loss and no take profit, and it does not draw the levels on the chart. It is designed as a test of the pivot function.
- Traditional pivot point levels
- Close crossing R1 triggers long entries
- Close crossing S1 triggers short entries
- No adjustable inputs
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
Support & resistance, Breakout
Markets
Any symbol
Timeframes
Any timeframe
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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