This strategy overlays a trend moving average and Supertrend bands directly on the price chart while calculating Stochastic RSI values internally. Long positions trigger when price exceeds the moving average, Supertrend signals bullish momentum, and the StochR
Strategy · Pine Script v5 · On the chart
PPP and RSI Breakout Strategy Optimized for BTC
This strategy combines Price Position Percentage thresholds with an RSI oscillator, Simple Moving Average, and a volatility filter to identify breakout setups on Bitcoin.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code317
Settings20inputs
LicenceNone stated
Last update1 year ago5 Jun 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
PPP and RSI Breakout Strategy Optimized for BTC evaluates momentum and trend alignment to trigger positions when RSI crosses entry thresholds relative to lookback price bands. Trades are managed using fixed percentage take-profit and stop-loss levels, an optional trailing stop, or RSI exit conditions. Main settings customize indicator periods, risk percentages, volatility limits, and timeframe restrictions on the price chart.
- Price Position Percentage lookback and percentile thresholds
- RSI oscillator entry and exit level triggers
- SMA trend and volatility filter options
- Percentage-based take profit, stop loss, and trailing stop
Details
Published by
Frostube on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Volatility & bands
Markets
Crypto
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 |
|---|---|---|---|
| Enable Strategy (On/Off) | bool | true | useStrategy |
| Use Take Profit/Stop Loss | bool | true | useTPSL |
| Use Timeframe Filter (30min optimized) | bool | true | timeframe_filter |
| PPP Lookback Period | int | 150 | lookback_period |
| Extremely Low Threshold (%) | float | 5 | extreme_low |
| Low Threshold (%) | float | 20 | low_threshold |
| High Threshold (%) | float | 80 | neutral_high |
| Extremely High Threshold (%) | float | 95 | extreme_high |
| SMA Length | int | 100 | sma_length |
| RSI Length | int | 14 | rsi_length |
| RSI Entry Level | int | 30 | rsi_entry |
| RSI Stop Loss Level | int | 25 | rsi_stop_loss |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Take Profit Level | int | 55 | rsi_take_profit |
| Take Profit % | float | 3.5 | take_profit_pct |
| Stop Loss % | float | 1.25 | stop_loss_pct |
| Use Trailing Stop | bool | true | use_trailing_stop |
| Trailing Stop % | float | 1.2 | trailing_stop_pct |
| Use Volatility Filter | bool | true | use_volatility_filter |
| Volatility Multiplier | float | 2.0 | volatility_multiplier |
| Volatility Lookback | int | 30 | volatility_length |
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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