ETH Breakout Strategy with Squeeze and Trend Regime Filters

Summary

The document presents the opening portion of a Pine Script strategy for ETH momentum breakouts, with settings described as tuned for a two-hour chart. Its visible configuration supports long-only, short-only, or two-way trading and combines several filters: a higher-timeframe regime check, distance from a long-term EMA, volatility conditions, a higher-timeframe trend EMA with slope confirmation, and Bollinger Band versus Keltner Channel squeeze detection. Additional visible controls seek to qualify breakouts by their distance from a volatility measure and by candle body size; an RSI extreme filter is also introduced.

The excerpt ends partway through the RSI inputs, so it does not show the complete entry and exit logic, full risk controls, backtest configuration, or performance evidence. Although the script header specifies trading assumptions such as commissions, slippage, and no pyramiding, these settings alone do not establish profitability. The available material supports understanding the strategy’s layered filter design, but not assessing its realized results or robustness.

Key ideas

• The script is framed as an ETH momentum breakout strategy with settings tuned for a two-hour chart.
• Visible controls allow long-only, short-only, or two-way trading.
• Regime, EMA distance, volatility, higher-timeframe trend, and squeeze filters are included.
• Breakout distance, candle body size, and RSI extremes are also part of the visible signal-quality controls.
• The excerpt is incomplete and provides no performance results, so the complete strategy cannot be evaluated.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.