Calculates standard Bollinger Bands and identifies band expansion breakouts where upper and lower bands move in opposite directions. It enters long positions when price breaks above the upper band with a high candle body percentage, and enters short positions
Strategy · Pine Script v5 · On the chart
Volatility Breakout Strategy
This strategy measures volatility as the standard deviation of closes and compares it with its own moving average multiplied by a threshold.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code45
Settings5inputs
LicenceNone stated
Last update1 year ago30 Mar 2025
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
When volatility is expanding and the close is beyond a Bollinger Band (20 periods, 2 deviations, fixed in the code), it enters long above the upper band or short below the lower band. Each trade has an ATR-based stop loss and take profit. The three bands are drawn on the price chart.
- Volatility expansion filter
- Bollinger Band breakout entries
- ATR-based stop loss and take profit
- Adjustable volatility threshold and period
Details
Published by
pcjtse on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Volatility & bands
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 |
|---|---|---|---|
| ATR Period | int | 14 | atrPeriod |
| Volatility Period | int | 20 | volatilityPeriod |
| Volatility Threshold | float | 1.5 | volatilityThreshold |
| ATR Multiplier | float | 2.0 | atrMultiplier |
| Stop Loss ATR Multiplier | float | 3.0 | stopLossMultiplier |
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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