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
TN PineGen Vol Exp FakeBreak [TeleNexus]
This strategy identifies volatility expansion breakouts while filtering out fakeouts using candle strength conditions.
GitHub stars1on the repository
Pine versionv6current
Lines of code42
Settings5inputs
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
TN PineGen Vol Exp FakeBreak [TeleNexus] measures ATR relative to an ATR moving average to detect expanding volatility. A long or short entry triggers when price breaks out of a multi-bar range alongside volatility expansion and strong candle closure. Positions exit using an ATR-based stop loss and a fixed risk-to-reward profit target. The upper and lower range levels plot directly on the price chart.
- ATR volatility expansion filter
- Range breakout detection with candle strength filtering
- ATR-based dynamic stop loss
- Fixed risk-reward ratio take profit exit
- On-chart range high and low plots
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Volatility & bands, 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 |
|---|---|---|---|
| Range Lookback | int | 20 | rangeLen |
| ATR Length | int | 14 | atrLen |
| Vol Expansion Mult | float | 1.3 | volMult |
| Stop ATR Mult | float | 1.5 | atrMult |
| Risk Reward | float | 2.0 | rr |
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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