This strategy identifies breakout momentum by combining Bollinger Bands and Keltner Channels with volume confirmation. It opens long positions when the upper Keltner Channel crosses above the upper Bollinger Band and volume exceeds its moving average. Converse
Strategy · Pine Script v6 · On the chart
Volume Breakout
The Volume Breakout strategy identifies directional price movements confirmed by trading volume spikes and Average True Range thresholds.
GitHub stars1on the repository
Pine versionv6current
Lines of code40
Settings4inputs
LicenceApache-2.0
Last update5 days ago23 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
40 lines of Pine Script v6 from validation/ta-volume-spike-atr-breakout-01/strategy.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is licensed under Apache-2.0
// SPDX-License-Identifier: Apache-2.0
// © PineForge contributors 2026
//
// PF probe 26 — volume-spike + ATR breakout
// Purpose: parity test for combined ta.sma(volume) spike detection and
// ta.atr-derived close-distance breakout confirmation.
//
//@version=6
strategy("Volume Breakout", overlay=true, initial_capital=1000000, process_orders_on_close=false, pyramiding=1, commission_type=strategy.commission.percent, commission_value=0, slippage=0, default_qty_type=strategy.fixed, default_qty_value=1)
// === Inputs ===
volLen = input.int(20, "Volume MA Length", minval=5)
volMult = input.float(1.5, "Volume Spike Multiplier", step=0.1)
atrLen = input.int(14, "ATR Length", minval=1)
atrMult = input.float(1.0, "ATR Breakout Multiplier", step=0.1)
// === Indicators ===
volMA = ta.sma(volume, volLen)
volSpike = volume > volMA * volMult
atrVal = ta.atr(atrLen)
// === Price breakout with volume confirmation ===
priceBreakUp = close > close[1] + atrVal * atrMult
priceBreakDown = close < close[1] - atrVal * atrMult
// === Signals ===
longCond = priceBreakUp and volSpike
shortCond = priceBreakDown and volSpike
if longCond
strategy.entry("Long", strategy.long)
if shortCond
strategy.entry("Short", strategy.short)
// === Exit when volume dries up ===
if strategy.position_size > 0 and close < close[1] and volume < volMA
strategy.close("Long")
if strategy.position_size < 0 and close > close[1] and volume < volMA
strategy.close("Short")
Overview
Volume Breakout enters long positions when prices rise beyond a volatility-adjusted distance accompanied by above-average volume, and short positions under reverse conditions. Positions close when volume dries up relative to its moving average alongside counter-trend price movement. The strategy operates directly on the main price chart using customizable inputs for volume length, multipliers, and ATR periods. It does not include a predefined stop loss mechanism and allows single-order pyramiding.
- Volume spike detection
- ATR breakout confirmation
- Volume-based exit rules
- Customizable moving average lengths
Details
Published by
pineforge-4pass on GitHub
Code credit
PineForge contributors 2026, as written in the script's header
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Volume, Volatility & bands, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy can add several entries in the same direction
- The strategy enters trades without a stop loss
Topics
algorithmic-tradingbacktestingparitypine-scriptpinescriptquantitative-financetest-corpustradingview
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 | 1.5 | volMult |
| ATR Length | int | 14 | atrLen |
| ATR Breakout Multiplier | float | 1.0 | atrMult |
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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