by 
This overlay indicator marks Linda Raschke short-term bar setups on the price chart. It flags Turtle Soup and Turtle Soup plus one false breakouts of a prior extreme, 80-20 bars, inside bars, failed inside-bar breakouts, outside up and down bars, NR4 and NR7 c
Indicator · Pine Script v5 · On the chart
Thrust Breakout Algorithm
A Pine v5 script that looks for a price thrust followed by a pullback entry on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code110
Settings9inputs
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 indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
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
A thrust is a rate of change beyond a percent threshold. A pullback is price easing back toward a short EMA or by a small tolerance after the thrust bar, and an RSI level above or below 50 must confirm. Inputs include ATR-based stop and target multiples. It is declared as an indicator but contains strategy order calls.
- Rate of change thrust detection
- Pullback to a short EMA or tolerance
- RSI confirmation level
- ATR stop loss and take profit multipliers
Details
Published by
Tradehook-org on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Oscillators & momentum, Breakout
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 |
|---|---|---|---|
| ROC Length | integer | 14 | rocLength |
| Thrust Threshold (%) | float | 0.5 | thrustThreshold |
| Pullback MA Length | integer | 5 | pullbackMALength |
| Pullback Tolerance (%) | float | 0.005 | pullbackTolerance |
| RSI Length | integer | 14 | rsiLength |
| RSI Confirmation Level | integer | 50 | rsiConfirmLevel |
| ATR Length | integer | 20 | atrLength |
| Stop Loss Multiplier (ATR) | float | 2.0 | slMultiplier |
| Take Profit Multiplier (ATR) | float | 4.0 | tpMultiplier |
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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