Donchian Breakout for US30 (Dow Jones)

Buy the highest high of the last N bars — the original turtle-trader strategy.

Why Donchian Breakout Works on US30

Donchian breakouts buy when price closes above the N-bar high. It captures regime changes — the moment a market wakes up from a range. Fails in chop (every false breakout is a small loss) but the long tail of trending wins more than compensates. Most profitable on volatile assets like XAUUSD and crypto.

The Dow (US30) is composed of 30 large-cap blue chips. Trends cleanly through earnings season, gaps on overnight news. Trend and breakout strategies are the natural fit.

Equity indices reflect aggregate corporate earnings, sentiment, and Fed policy. They trend more cleanly than individual stocks and gap less than commodities.

Pine Script Source

Copy this into PineForge — backtest on US30 or any supported symbol, then deploy as a live bot.

//@version=5
strategy("Donchian Breakout", overlay=true)

entry_len = input.int(50, "Entry Lookback")
exit_len = input.int(25, "Exit Lookback")

highest_high = ta.highest(high, entry_len)
lowest_low = ta.lowest(low, exit_len)

if close > highest_high[1]
    strategy.entry("Long", strategy.long)

if close < lowest_low[1]
    strategy.close("Long")