by 
This overlay strategy is built for ES futures on the one-minute chart. It plots a volume-weighted moving average of price opens and standard-deviation bands at Fibonacci ratios, plus a second longer volume-weighted average from a higher-timeframe open. Call an
Strategy · Pine Script v5 · On the chart
VABOAlgo (Value Area Breakout)
VABOAlgo is a Pine Script v5 strategy that detects breakouts from a value area.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code115
Settings9inputs
LicenceNone stated
Last update8 months ago16 Feb 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
VABOAlgo (Value Area Breakout) uses VWAP as a POC proxy and ATR to calculate VAH and VAL, requiring volume above average for confirmation and prior bar consolidation within the VA. Long entries trigger on breakout above VAH and shorts below VAL. Positions exit at ATR multiple-based stop loss and take profit levels. The strategy plots on the price chart, filters signals to a backtest date range, and uses percent-based equity sizing with 0.1% commission.
- Value Area Breakout
- VWAP POC Proxy
- Volume Confirmation
- ATR Risk Management
- Consolidation Filter
Details
Published by
Tradehook-org on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Volume, Volatility & bands, Support & resistance
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 |
|---|---|---|---|
| Start Date | time | timestamp("01 Jan 2020 00:00 UTC") | i_startDate |
| End Date | time | timestamp("31 Dec 2099 00:00 UTC") | i_endDate |
| VWAP Length (POC Proxy) | int | 20 | i_vwapLength |
| ATR Length (VA Width) | int | 14 | i_atrLength |
| VA Width Multiplier | float | 1.5 | i_vaFactor |
| Volume Avg Length | int | 20 | i_volLength |
| Volume Multiplier | float | 1.5 | i_volFactor |
| Stop Loss ATR Multiple | float | 2.0 | i_slMultiple |
| Take Profit ATR Multiple | float | 4.0 | i_tpMultiple |
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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