//@version=4// Revision: 2// Author: @millerrh// Strategy: Enter

long when recent swing high breaks out, using recent swing low as stop level. Move
stops up as higher lows print to act// as trailing stops. Ride trend as long as it
is there and the higher lows aren't breached. // Conditions/Variables // 1. Can
place a user-defined percentage below swing low and swing high to use as a buffer
for your stop to help avoid stop hunts// 2. Can add a filter to only take setups
that are above a user-defined moving average (helps avoid trading counter trend) //
3. Manually configure which dates to back test// 4. Color background of
backtested dates - allows for easier measuring buy & hold return of time periods
that don't go up to current date // === CALL STRATEGY/STUDY, PROGRAMATICALLY
ENTER STRATEGY PARAMETERS HERE SO YOU DON'T HAVE TO CHANGE THEM EVERY TIME YOU RUN
A TEST ===// (STRATEGY ONLY) - Comment out srategy() when in a study()
//strategy("Breakout Trend Follower", overlay=true, initial_capital=10000,
currency='USD', // default_qty_type=strategy.percent_of_equity,
default_qty_value=100, commission_type=strategy.commission.percent,
commission_value=0.1)// (STUDY ONLY) - Comment out study() when in a strategy()
study("Breakout Trend Follower", overlay=true)// === BACKTEST RANGE ===Start =
input(defval = timestamp("01 Jan 2019 06:00 +0000"), title = "Start Time", type =
input.time)Finish = input(defval = timestamp("01 Jan 2100 00:00 +0000"), title =
"End Time", type = input.time)// == FILTERING ==// InputsuseMaFilter = input(title
= "Use MA for Filtering?", type = input.bool, defval = true, tooltip = "Signals
will be ignored when price is under this moving average. The intent is to keep you
out of bear periods and only buying when price is showing strength.")maType =
input(defval="SMA", options=["EMA", "SMA"], title = "MA Type For Filtering")
maLength = input(defval = 50, title = "MA Period for Filtering", minval = 1)//
Declare function to be able to swap out EMA/SMAma(maType, src, length) => maType
== "EMA" ? ema(src, length) : sma(src, length) //Ternary Operator (if maType equals
EMA, then do ema calc, else do sma calc)maFilter = ma(maType, close, maLength)
plot(maFilter, title = "Trend Filter MA", color = color.green, linewidth = 3, style
= plot.style_line, transp = 50)// Check to see if the useMaFilter check box is
checked, this then inputs this conditional "maFilterCheck" variable into the
strategy entry maFilterCheck = if useMaFilter == true maFilterelse 0// ===
PLOT SWING HIGH/LOW AND MOST RECENT LOW TO USE AS STOP LOSS EXIT POINT ===// Change
these values to adjust the look back and look forward periods for your swing
high/low calculationspvtLenL = 3pvtLenR = 3// Get High and Low Pivot
Pointspvthi_ = pivothigh(high, pvtLenL, pvtLenR)pvtlo_ = pivotlow(low, pvtLenL,
pvtLenR)// Force Pivot completion before plotting.Shunt = 1 //Wait for close before
printing pivot? 1 for true 0 for flasemaxLvlLen = 0 //Maximum Extension Lengthpvthi
= pvthi_[Shunt]pvtlo = pvtlo_[Shunt]// Count How many candles for current Pivot
Level, If new reset.counthi = barssince(not na(pvthi))countlo = barssince(not
na(pvtlo)) pvthis = fixnan(pvthi)pvtlos = fixnan(pvtlo)hipc = change(pvthis) != 0 ?
na : color.maroonlopc = change(pvtlos) != 0 ? na : color.green// Display Pivot
linesplot((maxLvlLen == 0 or counthi < maxLvlLen) ? pvthis : na, color=hipc,
transp=0, linewidth=1, offset=-pvtLenR-Shunt, title="Top Levels")plot((maxLvlLen ==
0 or countlo < maxLvlLen) ? pvtlos : na, color=lopc, transp=0, linewidth=1,
offset=-pvtLenR-Shunt, title="Bottom Levels")plot((maxLvlLen == 0 or counthi <
maxLvlLen) ? pvthis : na, color=hipc, transp=0, linewidth=1, offset=0, title="Top
Levels 2")plot((maxLvlLen == 0 or countlo < maxLvlLen) ? pvtlos : na, color=lopc,
transp=0, linewidth=1, offset=0, title="Bottom Levels 2")// Stop LevelsstopLevel =
valuewhen(pvtlo_, low[pvtLenR], 0) //Stop Level at Swing Lowplot(stopLevel,
style=plot.style_line, color=color.orange, show_last=1, linewidth=1, transp=50,
trackprice=true)buyLevel = valuewhen(pvthi_, high[pvtLenR], 0) //Buy level at Swing
Highplot(buyLevel, style=plot.style_line, color=color.blue, show_last=1,
linewidth=1, transp=50, trackprice=true)// Conditions for entry and exitbuySignal =
high > buyLevelbuy = buySignal and time > Start and time < Finish and buyLevel >
maFilterCheck // All these conditions need to be met to buysellSignal = low <
stopLevel // Code to act like a stop-loss for the Study// (STRATEGY ONLY) Comment
out for Study// strategy.entry("Long", strategy.long, stop = buyLevel2, when = time
> Start and time < Finish and buyLevel2 > maFilterCheck)// strategy.exit("Exit
Long", from_entry = "Long", stop=stopLevel2)// == (STUDY ONLY) Comment out for
Strategy ==// Check if in position or notinPosition = bool(na)inPosition :=
buy[1] ? true : sellSignal[1] ? false : inPosition[1]flat = bool(na)flat := not
inPositionbuyStudy = buy and flatsellStudy = sellSignal and inPosition//Plot
indicators on chart and set up alerts for Studyplotshape(buyStudy, style =
shape.triangleup, location = location.belowbar, color = #1E90FF, text = "Buy")
plotshape(sellStudy, style = shape.triangledown, location = location.abovebar,
color = #EE82EE, text = "Sell")alertcondition(buyStudy, title='Breakout Trend
Follower Buy', message='Breakout Trend Follower Buy')alertcondition(sellStudy,
title='Breakout Trend Follower Sell', message='Breakout Trend Follower Sell')
alertcondition(buyStudy or sellStudy, title='Breakout Trend Follower Buy/Sell',
message='Breakout Trend Follower Buy/Sell')// Color background when trade active
(for easier visual on what charts are OK to enter on)tradeBackground =
input(title="Color Background for Trades?", type=input.bool, defval=true)
tradeBackgroundColor = tradeBackground and inPosition ? #00FF00 : na
bgcolor(tradeBackgroundColor, transp=95)noTradeBackgroundColor = tradeBackground
and flat ? #FF0000 : nabgcolor(noTradeBackgroundColor, transp=90)// A switch to
control background coloring of the test period - Use for easy visualization of
backtest range and manual calculation of // buy and hold (via measurement) if doing
prior periods since value in Strategy Tester extends to current date by default
testPeriodBackground = input(title="Color Background - Test Period?",
type=input.bool, defval=false)testPeriodBackgroundColor = testPeriodBackground and
(time >= Start) and (time <= Finish) ? #00FF00 : na
bgcolor(testPeriodBackgroundColor, transp=95)