OPEN-SOURCE SCRIPT
ATH / 52W Mechanical Breakout Strategy
This is a fully mechanical breakout strategy based on All-Time Highs and 52-Week Highs.
The system is built around a simple principle:
strength tends to lead to more strength.
When price breaks a significant high, momentum participants and trend followers enter the market. With no prior resistance above the level, price often has room to expand.
How It Works
• Detects breakouts above All-Time Highs or 52-Week Highs
• Enters long when a new high is created
• Exits using either:
– ATR trailing stop (Chandelier style)
– EMA close-based exit
The ATR stop automatically adjusts to volatility, keeping the system objective and rule-based.
Key Features
• Fully mechanical — no discretion required
• Works across stocks, indices, commodities and crypto
• Not over-optimised
• Designed for trend environments
• Removes emotional decision-making
Important Notes
This is a trend-following strategy. It will experience losing trades during sideways or choppy conditions. Its edge comes from capturing larger directional moves over time.
Always forward test and manage risk appropriately.
If you want something slightly shorter and more minimal (TradingView sometimes prefers concise):
Minimal Version
Mechanical breakout strategy using All-Time Highs and 52-Week Highs.
The system enters when price makes a new high and exits using either:
• ATR trailing stop
• EMA close-based exit
Designed to be simple, objective and robust across markets.
Trend-following systems will underperform in choppy conditions but aim to capture larger directional moves.
Not financial advice.
The system is built around a simple principle:
strength tends to lead to more strength.
When price breaks a significant high, momentum participants and trend followers enter the market. With no prior resistance above the level, price often has room to expand.
How It Works
• Detects breakouts above All-Time Highs or 52-Week Highs
• Enters long when a new high is created
• Exits using either:
– ATR trailing stop (Chandelier style)
– EMA close-based exit
The ATR stop automatically adjusts to volatility, keeping the system objective and rule-based.
Key Features
• Fully mechanical — no discretion required
• Works across stocks, indices, commodities and crypto
• Not over-optimised
• Designed for trend environments
• Removes emotional decision-making
Important Notes
This is a trend-following strategy. It will experience losing trades during sideways or choppy conditions. Its edge comes from capturing larger directional moves over time.
Always forward test and manage risk appropriately.
If you want something slightly shorter and more minimal (TradingView sometimes prefers concise):
Minimal Version
Mechanical breakout strategy using All-Time Highs and 52-Week Highs.
The system enters when price makes a new high and exits using either:
• ATR trailing stop
• EMA close-based exit
Designed to be simple, objective and robust across markets.
Trend-following systems will underperform in choppy conditions but aim to capture larger directional moves.
Not financial advice.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.