PROTECTED SOURCE SCRIPT
CBS Strategy with Trailing Stop _ IK
3-Candle High/Low Breakout Strategy – Clean, Powerful, Fully Customizable (Pine Script v6)
A simple yet effective momentum breakout strategy that triggers trades when price closes above the highest high or below the lowest low of the previous 3 completed candles.
Perfect for trending markets (stocks, forex, crypto, indices) on any timeframe.
Key Features:
• Pure price-action breakout logic (no repainting)
• Long & Short entries with visual triangle signals
• Built-in Stop Loss & Take Profit (fixed % or ATR-based)
• Optional Trailing Stop (percentage or ATR multiplier)
• All risk parameters fully adjustable from the settings panel
• Clean on-chart visualization of SL, TP, and active trailing stop levels
• Works on all instruments and timeframes
Default Settings (2:1 Reward/Risk):
• Stop Loss: 1.5%
• Take Profit: 3.0%
• Trailing Stop: 1.0% (optional)
How to Use:
1. Add to chart
2. Adjust risk settings to match your style (fixed % or ATR)
3. Enable/disable trailing stop as needed
4. Backtest and optimize per instrument/timeframe
Fully open-source • No external libraries • Pine Script v6
Great for swing trading, intraday breakouts, or as a base for further enhancements.
Happy trading!
A simple yet effective momentum breakout strategy that triggers trades when price closes above the highest high or below the lowest low of the previous 3 completed candles.
Perfect for trending markets (stocks, forex, crypto, indices) on any timeframe.
Key Features:
• Pure price-action breakout logic (no repainting)
• Long & Short entries with visual triangle signals
• Built-in Stop Loss & Take Profit (fixed % or ATR-based)
• Optional Trailing Stop (percentage or ATR multiplier)
• All risk parameters fully adjustable from the settings panel
• Clean on-chart visualization of SL, TP, and active trailing stop levels
• Works on all instruments and timeframes
Default Settings (2:1 Reward/Risk):
• Stop Loss: 1.5%
• Take Profit: 3.0%
• Trailing Stop: 1.0% (optional)
How to Use:
1. Add to chart
2. Adjust risk settings to match your style (fixed % or ATR)
3. Enable/disable trailing stop as needed
4. Backtest and optimize per instrument/timeframe
Fully open-source • No external libraries • Pine Script v6
Great for swing trading, intraday breakouts, or as a base for further enhancements.
Happy trading!
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. However, you can use it freely and without any limitations – learn more here.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. However, you can use it freely and without any limitations – learn more here.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.