by 
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 v5 · On the chart
STRG-HOLP
STRG-HOLP is a trading strategy that identifies High of Low Period (HOLP) and Low of High Period (LOHP) breakout setups.
GitHub stars219on the repository
Pine versionv5runs as is
Lines of code61
Settings5inputs
LicenceNone stated
Last update1 year ago8 May 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
STRG-HOLP tracks the lowest low or highest high over a user-defined lookback window. A long trade opens when the close breaks above the high of the lowest bar, while a short trade opens when the close breaks below the low of the highest bar. Entries feature a stop loss placed at the recent extreme and target take profit based on a customizable risk-to-reward ratio.
- High of Low Period breakout detection
- Low of High Period breakout detection
- Customizable risk-to-reward ratio targets
- Session extreme stop loss placement
Details
Published by
harryguiacorn on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
File
Repository
Topics
bollingerbollinger-bandbollinger-bandsichimokuichimoku-cloudichimoku-indicatorpinepinescriptpinescript-guidespinescript-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Look back since(yr) | int | 2020 | _year |
| Lookback Periods | int | 10 | _intLookback |
| Long allowed | bool | true | _bLongAllowed |
| Short allowed | bool | true | _bShortAllowed |
| R/R | float | 3.0 | _rewardToRisk |
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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