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The Breakeven Line Demo strategy is a Pine Script demonstration tool designed to visualize the average position price of stacked trades. It enters long positions after seven consecutive bearish candles and short positions after seven consecutive bullish candle
Strategy · Pine Script v5 · On the chart
Springboard Algo (S/R Bounce)
This strategy detects bounces from support and resistance levels using swing pivot highs and lows.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code150
Settings10inputs
LicenceNone stated
Last update8 months ago16 Feb 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
Springboard Algo (S/R Bounce) waits for the price to touch an identified pivot level within a user-defined percentage tolerance and confirms an entry when a rejection candlestick forms, characterized by a long wick, a small body, and a minimum range relative to ATR. Trades are managed with an Average True Range stop loss and take profit. The strategy plots on the main price chart.
- Swing pivot support and resistance detection
- Candlestick rejection wick and body filters
- ATR-based stop loss and take profit management
- Customizable tolerance for price touches
Details
Published by
Tradehook-org on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Support & resistance, Candlestick patterns, Mean reversion
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Pivot Left Bars | int | 10 | leftBars |
| Pivot Right Bars | int | 10 | rightBars |
| S/R Touch Tolerance (%) | float | 0.001 | srTolerance |
| ATR Period | int | 14 | atrPeriod |
| Stop Loss ATR Multiplier | float | 2.0 | slMultiplier |
| Take Profit ATR Multiplier | float | 4.0 | tpMultiplier |
| Min Rejection Wick Ratio | float | 0.6 | minWickRatio |
| Max Rejection Body Ratio | float | 0.4 | maxBodyRatio |
| Min Candle Range (ATR Factor) | float | 0.5 | minRangeAtrFactor |
| Enable Strategy Trading | bool | true | useStrategy |
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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