A breakout strategy that scores setups from 0 to 100 using a trend template of stacked moving averages, a volatility contraction check, a squeeze test with Bollinger and Keltner bands, and volume flow.
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
A custom free energy versus fractal entropy measure acts as an extra filter. Entries need the score and filter to pass, with an ATR-based stop and a risk-to-reward target. It draws on the price chart and mostly suits trending stocks.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Min Free Energy Threshold
float
1.5
min_energy
Max Fractal Entropy (D)
float
1.4
max_entropy
Enable Adiabatic Expansion Filter
bool
true
use_adiabatic
Min BCS Score (0-100)
int
70
min_score
VCP Lookback
int
50
vcp_lb
SL ATR Multiple
float
1.8
sl_atr_mult
Target R:R Ratio
float
3.5
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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