This overlay strategy trades long and short when price reclaims an anchored VWAP and then breaks a recent pullback high or low. Optional modes enter on a simple VWAP cross instead. It filters with VWAP slope, a short price-bias EMA, a stacked RSI bias, and rel
Strategy · Pine Script v6 · On the chart
Qullamaggie Breakout Strategy
This strategy draws on the price chart and is set up for daily ETF trading.
GitHub stars4on the repository
Pine versionv6current
Lines of code457
Settings29inputs
LicenceNone stated
Last update7 months ago9 Mar 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
Qullamaggie Breakout Strategy can enter through a classic surge-and-consolidation breakout, a pullback toward stacked EMAs, a relative-volume spike with price momentum, or a pause inside a strong trend. EMA lengths, relative-volume thresholds, surge and consolidation windows, and pullback or momentum filters decide which setups qualify. Scale-out days, a time exit, position limits, and an ATR stop multiplier are configurable, but no stop-loss order is defined by default.
- Classic surge and consolidation breakout
- Trend pullback entries toward EMAs
- Relative volume surge filter
- Momentum continuation entries
- Timed scale-outs and position limits
Details
Published by
ycchew on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Trend, Volume, Oscillators & momentum
Markets
Stocks, Indices
Timeframes
H4 and above
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 |
|---|---|---|---|
| Fast EMA Period | int | 10 | i_emaFast |
| Mid EMA Period | int | 20 | i_emaMid |
| Slow EMA Period | int | 50 | i_emaSlow |
| ATR Period | int | 14 | i_atrPeriod |
| ATR Stop Multiplier | float | 2.0 | i_atrStopMult |
| Min RVOL for Entry | float | 1.2 | i_rvolThreshold |
| RVOL for Volume Surge | float | 2.0 | i_rvolThresholdHigh |
| Volume Average Period | int | 20 | i_volAvgPeriod |
| Prior Surge Lookback (days) | int | 63 | i_priorSurgeLookback |
| Min Prior Surge % | float | 10 | i_priorSurgeMin |
| Max Prior Surge % | float | 150 | i_priorSurgeMax |
| Min Consolidation Days | int | 5 | i_consolidationDays |
Show all 29 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Trend Pullback | bool | true | i_pullbackEnabled |
| Max Pullback % | float | 8 | i_maxPullbackPct |
| Enable Momentum Continuation | bool | true | i_momentumEnabled |
| Min Momentum % (10 days) | float | 5 | i_minMomentumPct |
| Scale Out Day 1 | int | 3 | i_scaleOutDay1 |
| Scale Out % (Day 1) | float | 50 | i_scaleOutPct1 |
| Scale Out Day 2 | int | 5 | i_scaleOutDay2 |
| Scale Out % (Day 2) | float | 25 | i_scaleOutPct2 |
| Time-Based Exit (Days) | int | 20 | i_timeExitDays |
| Max Open Positions | int | 4 | i_maxPositions |
| Max Risk per Trade % | float | 1.5 | i_maxRiskPerTrade |
| Classic Breakout | bool | true | i_useClassicBreakout |
| Trend Pullback | bool | true | i_useTrendPullback |
| Volume Surge | bool | true | i_useVolumeSurge |
| Momentum Continuation | bool | true | i_useMomentum |
| Use Higher Timeframe Filter | bool | false | i_useHTF |
| Higher Timeframe Symbol (e.g., SPY) | symbol | | i_htfTicker |
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.
Similar Pine Scripts
This strategy combines the ATR-banded Q-Trend indicator with the Klinger Volume Oscillator (KVO) to execute confluence trades. It enters long when a Q-Trend buy trigger aligns with a positive KVO value and a bullish candle confirmation, taking short trades und
This strategy calculates and plots 9, 21, 50, 90, and 200-period Simple Moving Averages on the main price chart. It constructs a modified On-Balance Volume (OBV) metric and calculates a MACD oscillator based on this custom volume series rather than price. Long
This strategy enters long or short on the price chart when price is on the correct side of a 200-period EMA, MACD agrees, RSI is not at the opposing extreme, ADX exceeds a threshold, volume beats a 20-bar average, and close breaks the recent high or low. A tim
This strategy trades longs and shorts on the price chart. Long entries require a close above the prior Donchian high, a close above a long-term SMA, and RSI above a threshold, with size set as a percentage of equity. Long exits use a stop at the prior Donchian
This strategy evaluates breakout and trend opportunities on the price chart using a weighted composite score of volume, trend, and candlestick structure. It tracks volume spikes, fast and slow EMAs, higher-timeframe EMA trend alignment, opening ranges, and ses
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers