Calculates standard Bollinger Bands and identifies band expansion breakouts where upper and lower bands move in opposite directions. It enters long positions when price breaks above the upper band with a high candle body percentage, and enters short positions
Strategy · Pine Script v6 · On the chart
TeleNexus Sovereign Adaptive Risk Regime
A strategy that sorts volatility into five states from the ratio of a fast ATR to its average, then picks entries by state.
GitHub stars1on the repository
Pine versionv6current
Lines of code125
Settings6inputs
LicenceNone stated
Last update2 months ago15 Aug 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
In low volatility it fades moves beyond the prior range when RSI is stretched. In high volatility it takes range breakouts that match an ATR trend condition. In the middle state it takes breakouts filtered by ATR ratio. It enters only when flat and has ATR stop and risk-reward inputs. The RSI call lacks the ta prefix, which Pine v6 may reject.
- Five volatility regime states
- Range fade with RSI in low volatility
- Breakout entries in high and medium volatility
- ATR stop and risk-reward settings
- Entry audit tracking
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, Breakout, 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 |
|---|---|---|---|
| ATR Fast Len | int | 14 | atrLen1 |
| ATR Slow Len | int | 28 | atrLen2 |
| Vol Lookback | int | 50 | volLookback |
| Range Len | int | 20 | rangeLen |
| Risk:Reward | float | 2.0 | rr |
| ATR Stop Mult | float | 1.5 | atrStopMult |
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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