This strategy plots up to four volume-weighted average price lines on the price chart: midnight, previous day, session, and a custom anchor such as session high and low, week, or month. It enters when price crosses two selected lines, using same-bar, position,
Strategy · Pine Script v6 · On the chart
TradingAlpha Point-Clip Strategy
This strategy evaluates breakout and trend opportunities on the price chart using a weighted composite score of volume, trend, and candlestick structure.
Repaints
GitHub stars23on the repository
Pine versionv6current
Lines of code178
Settings28inputs
LicenceCustom licence
Last update3 weeks ago2 Oct 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
TradingAlpha Point-Clip Strategy tracks volume spikes, fast and slow EMAs, higher-timeframe EMA trend alignment, opening ranges, and session-anchored VWAP. Long or short trades trigger when composite scores exceed user-defined thresholds during active trading sessions. Positions are managed with percentage-based take profit and stop loss levels, with an optional VWAP trailing exit. Higher-timeframe security requests without offsets may cause repainting on open bars.
- Weighted composite scoring system
- Opening range breakout detection
- Higher-timeframe EMA trend filter
- Session-anchored volume weighted average price
- Percentage-based stop loss and take profit
Details
Published by
jpantsjoha on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Volume, Sessions & time, Breakout
Markets
Any symbol
Timeframes
M1-M5, M15-H1
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Topics
backtestingindicatorsintellisenselanguage-serverlinterpine-scriptpinescriptrepaintingstatic-analysistrading
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Volume MA Length | int | 20 | volLen |
| Volume Spike Multiplier | float | 2 | volMult |
| Range Lookback (bars) | int | 30 | rangeLen |
| Use Opening Range | bool | true | useORB |
| ORB Minutes | int | 30 | orbMin |
| Breakout Type | string | RangeHighLow | brkType |
| Use LTF Trend (EMA 20/50) | bool | true | useTrend |
| EMA Fast | int | 20 | emaFastLen |
| EMA Slow | int | 50 | emaSlowLen |
| Use Higher-TF Confirm | bool | true | useHTF |
| HTF (minutes) | timeframe | 15 | htfTF |
| HTF EMA Length | int | 50 | htfEMA |
Show all 28 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Engulfing on | bool | true | useEngulf |
| Hammer/Star on | bool | false | useHammer |
| Trend-Doji on | bool | false | useDoji |
| Max Doji Body % | float | 0.25 | dojiBody |
| Filter by Sessions | bool | true | useSess |
| Session 1 (BST) | session | 0800-1030 | sess1 |
| Session 2 (BST) | session | 1430-1600 | sess2 |
| Weight: Volume | float | 0.45 | wVol |
| Weight: Trend | float | 0.35 | wTrend |
| Weight: Structure/Pattern | float | 0.20 | wStruct |
| Min Score LONG | float | 0.65 | minLong |
| Min Score SHORT | float | 0.65 | minShort |
| Take Profit % of price | float | 1.0 | tpPct |
| Stop Loss % of price | float | 0.45 | slPct |
| Trail by VWAP (long above / short below) | bool | false | useVWAPtrl |
| Position size % of equity (backtest sizing) | float | 10 | riskPct |
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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