This strategy plots VWMA-based Bollinger bands on the 1-minute ES futures price chart for volatility analysis and potential breakout identification. It calculates dynamic long and short stop loss and take profit levels using percentage inputs relative to entry
Strategy · Pine Script v5 · On the chart
Range Filter
Range Filter is a chart strategy that estimates a smoothed price range from absolute bar-to-bar changes using two exponential averages and a multiplier.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code130
Settings10inputs
LicenceNone stated
Last update5 months ago27 May 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
Range Filter plots a filtered price line plus high and low target bands on the price chart, colors bars by filter direction, and fills the bands. A long or short entry is taken when the upward or downward filter count first becomes active. Default stop loss and take profit are percentage distances from the close, and trailing stop loss can be switched on. Sampling period, multiplier, and source adjust the filter. A code comment mentions five-minute crypto settings.
- Smoothed range filter line
- High and low target bands
- Directional long and short entries
- Percent stop loss and take profit
- Trailing stop toggle and alert messages
Details
Published by
g-moe on GitHub
Code credit
goodgains, as written in the script's header
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands, Breakout
Markets
Crypto
Timeframes
M1-M5
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | src |
| Sampling Period | int | 50 | per |
| Range Multiplier | float | 3.0 | mult |
| Long entry message | text | | longEntryMessage |
| Long exit message | text | | longExitMessage |
| Short entry message | text | | shortEntryMessage |
| Short exit message | text | | shortExitMessage |
| Stop Loss % | int | 5 | sl |
| Take Profit % | int | 10 | tp |
| Use Trailing SL | bool | true | use_tsl |
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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