This strategy trades Donchian channel breakouts on the price chart and exits on a shorter Donchian channel. It sizes each unit from a percentage of equity and an ATR-based initial stop, then adds units as price moves a set ATR distance, up to a maximum unit co
Strategy · Pine Script v5 · On the chart
Volume Breakout Strategy
This strategy identifies breakouts using Keltner Channels combined with volume spike filters, ADX trend strength, RSI thresholds, and an optional EMA trend direction filter.
Repaints
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code205
Settings23inputs
LicenceNone stated
Last update6 days ago22 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
Volume Breakout Strategy triggers long entries when price crosses above the upper channel and short entries when price crosses below the lower channel during matching trend conditions. Risk controls feature an ATR-based stop loss, breakeven triggers, and trailing stops. User settings allow adjusting leverage, position compounding, indicator filters, and configuring JSON webhook messages for external execution.
- Keltner Channel breakout entries
- Volume spike and ADX trend filters
- ATR-based stop loss and breakeven trigger
- Trailing stop loss functionality
- Customizable JSON webhook alert payloads
Details
Published by
kanylbullen on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Breakout, Trend, Volatility & bands, Oscillators & momentum
Markets
Crypto
Timeframes
M15-H1, H4 and above
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Long Entry JSON | text | {"action": "open_long", "ticker": "ETHUSD"} | msg_long_entry |
| Long Exit JSON | text | {"action": "close_long", "ticker": "ETHUSD"} | msg_long_exit |
| Short Entry JSON | text | {"action": "open_short", "ticker": "ETHUSD"} | msg_short_entry |
| Short Exit JSON | text | {"action": "close_short", "ticker": "ETHUSD"} | msg_short_exit |
| Use Compounding? | bool | true | use_compounding |
| Equity % per Trade | float | 50.0 | equity_pct |
| Fixed Margin (if Compounding OFF) | float | 500 | fixed_cash |
| Leverage (x) | int | 2 | leverage |
| Keltner Length | int | 22 | kc_len |
| Keltner Multiplier | float | 2.0 | kc_mult |
| Trade with 200 EMA Trend Only | bool | true | use_trend_ema |
| Trend EMA Length | int | 220 | ema_len |
Show all 23 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use ADX Filter | bool | true | use_adx |
| Min ADX Value | int | 20 | adx_thresh |
| Require Volume Spike | bool | true | use_vol_filter |
| Volume Average Length | int | 18 | vol_len |
| RSI Length | int | 14 | rsi_len |
| ATR Length | int | 14 | atr_len |
| Stop Loss (ATR Multiplier) | float | 4.0 | sl_multiplier |
| Breakeven Trigger (%) | float | 1.5 | bk_activation |
| Use Trailing Stop | bool | true | use_trail |
| Start Trailing after % Gain | float | 3.0 | trail_start |
| Trailing Offset % | float | 1.0 | trail_offset |
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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