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 Trendline Trading
Pivot Trendline Trading is an automated strategy that identifies pivot-constrained trendlines and calculates quality scores for potential setups.
GitHub stars5on the repository
Pine versionv6current
Lines of code936
Settings27inputs
LicenceNone stated
Last update7 weeks ago3 Sep 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 Trendline Trading uses an Efficiency Ratio and EMA cross count to determine trending regimes before entering on trendline breakouts or retests. The strategy executes trades with dynamic ATR-based position sizing dependent on setup quality. Built-in risk controls include ATR risk limits, breakeven stop adjustments, partial profit taking, max bar duration exits, and daily loss caps. The strategy plots directly on the main price chart.
- Pivot-constrained trendline detection algorithm
- Efficiency ratio and EMA cross regime filters
- Quality score grading for position sizing
- ATR-based breakeven and partial profit exits
Details
Published by
AllienNova on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Breakout, Support & resistance
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
aicredit-repairfintechtypescript
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot Confirmation Bars | int | 2 | pivotConfirm |
| Pivot Lookback | int | 50 | pivotLookback |
| Max Pivots to Track | int | 10 | maxPivots |
| Touch Tolerance (ATR) | float | 0.3 | touchTolerance |
| Violation Penalty | float | 2.0 | violationPenalty |
| Persistence Weight | float | 1.0 | persistenceWeight |
| Minimum Touches | int | 2 | minTouches |
| Q-Score Grade A | float | 0.70 | qScoreA |
| Q-Score Grade B | float | 0.60 | qScoreB |
| Max Risk Geometry (ATR) | float | 2.5 | maxRiskGeometry |
| Efficiency Ratio Period | int | 20 | erPeriod |
| ER Trend Threshold | float | 0.5 | erTrendThreshold |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Cross Count Period | int | 20 | crossCountPeriod |
| Max Crossings for Trend | int | 3 | maxCrossings |
| Penetration Buffer (ATR) | float | 0.3 | penetrationBuffer |
| Close Buffer (ATR) | float | 0.5 | closeBuffer |
| Retest Window (bars) | int | 15 | retestWindow |
| Retest Tolerance (ATR) | float | 0.5 | retestTolerance |
| Risk Grade A (%) | float | 1.0 | riskPerTradeA |
| Risk Grade B (%) | float | 0.5 | riskPerTradeB |
| Break Even at (R) | float | 0.8 | breakEvenMultiple |
| Partial Exit at (R) | float | 1.0 | partialExitMultiple |
| Partial Exit % | float | 50.0 | partialExitPct |
| Max Bars in Trade | int | 50 | maxBarsInTrade |
| Max Portfolio Heat (%) | float | 6.0 | maxPortfolioHeat |
| Max Daily Loss (%) | float | 3.0 | maxDailyLoss |
| Max Consecutive Losses | int | 5 | maxConsecLosses |
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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