This strategy trades Donchian channel breakouts on the price chart and exits on a shorter Donchian channel. It sizes each unit from a percentage of equity and an ATR-based initial stop, then adds units as price moves a set ATR distance, up to a maximum unit co
Strategy · Pine Script v6 · On the chart
TnSovereign Breakout Confluence V6
This strategy evaluates multi-factor breakout confluence using a customized scoring system on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code124
Settings7inputs
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
TnSovereign Breakout Confluence V6 checks Minervini-style Volatility Contraction Pattern trend templates, TTM squeeze volatility compression, volume dry-up with OBV accumulation, moving average alignment, and RSI momentum. When the calculated confluence score exceeds the threshold, the strategy enters trades. Risk management uses an ATR-based trailing or fixed stop loss multiplier and a risk-to-reward ratio for take profit targets.
- Multi-factor confluence scoring system
- Minervini VCP trend template filter
- TTM Squeeze volatility compression filter
- OBV accumulation and volume dry-up analysis
- ATR stop loss with risk-to-reward take profit
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Breakout, Volatility & bands, Trend, Oscillators & momentum
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 |
|---|---|---|---|
| Min Confluence Score (0-100) | int | 75 | min_score |
| Min V18 Coherence Threshold | float | 1.5 | min_coher |
| VCP Lookback | int | 50 | vcp_lb |
| Max % below 52-week High | float | 15 | vcp_high_pct |
| TTM Length | int | 20 | ttm_len |
| SL ATR Multiple | float | 1.5 | sl_atr_mult |
| Target R:R Ratio | float | 3.0 | tp_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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