Unicorn Strategy: Free TradingView Strategy (Pine Script)

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

Unicorn Strategy can limit a breaker to the candle body, use one or two candles in the same direction, and stop the block at the first break of its center line. Entries can be restricted to when price is inside a premium or discount array, and those zones, swing lines, and swing breaks can be shown or hidden. Optional take-profit targets use three reward-to-risk ratios. No stop-loss input appears in the provided settings, and pyramiding is off.

Breaker block settings
Premium and discount array filter
Swing and PD array display
Optional three-level take profit
Market structure length control

Details

Published by

oscar811 on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

The strategy enters trades without a stop loss

File

Strategies/RajAlgos/Breaker.pine

Repository

github.com/oscar811/ninjascripts. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Length	`int`	`5`	`len`
Use only candle body	`bool`	`false`	`breakerCandleOnlyBody`
Use 2 candles instead of 1	`bool`	`false`	`breakerCandle_2Last`
Stop at first break of center line	`bool`	`true`	`tillFirstBreak`
Only when E is in Premium/Discount Array	`bool`	`false`	`onlyWhenInPDarray`
show Premium/Discount Zone	`bool`	`false`	`showPDarray`
Highlight Swing Breaks	`bool`	`false`	`showBreaks`
Show Swings/PD Arrays	`bool`	`true`	`showSPD`
Text Color	`color`	`color.silver`	`PDtxtCss`
Swing Line Color	`color`	`color.silver`	`PDSCss`
Enable TP	`bool`	`false`	`iTP`
tpCss	`color`	`#2157f3`	`tpCss`

Show all 24 settings

Setting	Type	Default	Variable
R:R 1	`float`	`1`	`R1a`
:	`float`	`2`	`R2a`
R:R 2	`float`	`1`	`R1b`
:	`float`	`3`	`R2b`
R:R 3	`float`	`1`	`R1c`
:	`float`	`4`	`R2c`
	`color`	`color.rgb(12, 181, 26, 93)`	`cBBplusA`
cBBplusB	`color`	`color.rgb(12, 181, 26, 85)`	`cBBplusB`
	`color`	`color.rgb(255, 82, 82, 85)`	`cSwingBl`
	`color`	`color.rgb(255, 17, 0, 95)`	`cBB_minA`
cBB_minB	`color`	`color.rgb(255, 17, 0, 85)`	`cBB_minB`
	`color`	`color.rgb(0, 137, 123, 85)`	`cSwingBr`

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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