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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

Enovix Corporation (ENVX)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

2.21

Risk Reward

617.46 %

Total ROI

58

Grab Holdings Limited (GRAB)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

2.14

Risk Reward

216.38 %

Total ROI

55

PayPal Holdings, Inc. (PYPL)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

2.12

Risk Reward

289.54 %

Total ROI

87

Lucid Group, Inc. (LCID)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 4 h

1.80

Risk Reward

80.32 %

Total ROI

18

Opendoor Technologies Inc (OPEN)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 1 h

1.70

Risk Reward

458.57 %

Total ROI

78

Tilray Brands, Inc. - Class 2 (TLRY)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

1.68

Risk Reward

636.50 %

Total ROI

83

IOTA / TetherUS (IOTAUSDT)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ Daily

1.61

Risk Reward

181.33 %

Total ROI

29

ChargePoint Holdings, Inc. (CHPT)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 4 h

1.57

Risk Reward

560.19 %

Total ROI

53

BONK / TetherUS (BONKUSDT)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 4 h

1.55

Risk Reward

860.36 %

Total ROI

73

Riot Platforms, Inc. (RIOT)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ Daily

1.47

Risk Reward

508.50 %

Total ROI

41

Lucid Group, Inc. (LCID)

+ Rob Booker - ADX Breakout updated to pinescript V5

@ 2 h

1.46

Risk Reward

135.51 %

Total ROI

48

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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
+97%
Avg net profit
+11%
Avg annualized return
39%
Avg max drawdown
0.10
Avg Sharpe ratio

On average, backtests of this strategy beat a buy-and-hold baseline by 154% over the same window.

Performance by asset class

MarketBacktestsAvg profit factorAvg net profitAvg max drawdownAvg Sharpe
Crypto951.1+123%44%0.14
Stocks1,3711.2+88%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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