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Rob Booker - ADX Breakout updated to pinescript V5

Script from: TradingViewSwingBreakoutTrend followingMomentum

The updated "Rob Booker - ADX Breakout" strategy leverages the latest pinescript V5 for enhanced Tradingview compatibility. Improved visibility of indicators and additional default settings make it user-friendly. This trend strength indicator uses ADX to gauge market trends and signal trade opportunities, emphasizing the potential increase in profitability and risk reduction when following strong trends. New metrics provide clear visual cues for assessing trend momentum and making informed trading decisions.

Enovix Corporation (ENVX)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 4 h

2.64

Risk Reward

122.81 %

Total ROI

16

Total Trades

PayPal Holdings, Inc. (PYPL)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

2.17

Risk Reward

296.25 %

Total ROI

86

Total Trades

Enovix Corporation (ENVX)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

2.03

Risk Reward

526.65 %

Total ROI

57

Total Trades

Grab Holdings Limited (GRAB)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

2.03

Risk Reward

194.23 %

Total ROI

54

Total Trades

IOTA / TetherUS (IOTAUSDT)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ Daily

1.90

Risk Reward

226.17 %

Total ROI

28

Total Trades

ChargePoint Holdings, Inc. (CHPT)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 4 h

1.80

Risk Reward

690.74 %

Total ROI

51

Total Trades

Lucid Group, Inc. (LCID)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 4 h

1.80

Risk Reward

80.32 %

Total ROI

18

Total Trades

Tilray Brands, Inc. - Class 2 (TLRY)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

1.76

Risk Reward

654.39 %

Total ROI

80

Total Trades

Opendoor Technologies Inc (OPEN)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 1 h

1.76

Risk Reward

480.44 %

Total ROI

77

Total Trades

Lucid Group, Inc. (LCID)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

1.64

Risk Reward

166.73 %

Total ROI

47

Total Trades

Coinbase Global, Inc. (COIN)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

1.52

Risk Reward

327.77 %

Total ROI

63

Total Trades

BONK / TetherUS (BONKUSDT)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 4 h

1.49

Risk Reward

764.51 %

Total ROI

72

Total Trades
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Active Trades

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Rob Booker - ADX Breakout updated to pinescript V5 backtest statistics

Aggregated across every validated backtest TradeSearcher has run on this strategy. Figures update automatically as new backtests are added — they are not edited by hand. Classified as swing by holding period.

146
Backtests run
1.2
Avg profit factor
+99%
Avg net profit
+12%
Avg annualized return
39%
Avg max drawdown
0.11
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 156% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Crypto951.1+125%44%0.14
Stocks1,3711.2+90%37%0.09

Backtests use the validated-universe filter: non-repainting scripts, over 15 trades, non-excluded. Per-market rows appear only when at least one backtest exists for that asset class.

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