This Pine v4 strategy draws on the price chart and filters breakouts with a fixed Supertrend, ATR length, volume moving-average markup, and moving-average alignment, plus short and long high-low periods. Trade direction defaults to long and can include shorts.
Strategy · Pine Script v6 · On the chart
TN Sovereign Donchian Breakout
This strategy plots Donchian upper and lower channels along with the midpoint on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code71
Settings8inputs
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 Sovereign Donchian Breakout generates long signals on a price crossover above the upper Donchian band when volume exceeds a moving average multiple if the filter is enabled, and short signals on a crossover below the lower band under the same volume condition. Position size is dynamically calculated using equity, a user-set risk percentage, and ATR-based stop distance. Entries include an ATR-multiplied take-profit exit, and the overall design incorporates sovereign causal filters for breakout auditing.
- Donchian Channel Breakout
- Volume Surge Filter
- ATR Risk Sizing
- Dynamic Stop Loss
- Take Profit Exit
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Breakout, Volatility & bands, Volume
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 |
|---|---|---|---|
| Lookback Period | int | 25 | donchianLen |
| Offset Bars | int | 1 | offset |
| Enable Volume Surge Filter | bool | true | useVolFilter |
| Volume Multiplier (vs MA) | float | 1.5 | volMult |
| ATR Lookback | int | 14 | atrLen |
| Risk % Per Trade | float | 1.0 | riskPct |
| Take Profit (ATR Mult) | float | 3.0 | tpMult |
| Stop Loss (ATR Mult) | float | 1.5 | slMult |
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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