OPEN-SOURCE SCRIPT

Bitcoin 1H-15M Breakout Strategy

1 536
Key Features

1H and 15M Timeframes:
The script uses the 1-hour timeframe for the range and 15-minute timeframe for breakout conditions.
request.security is used to fetch the higher timeframe data.

Risk Management:
Variables entry_price, sl_price, and tp_price are declared explicitly as float with na initialization to handle dynamic assignment.
Stop-loss and take-profit levels are calculated based on the specified Risk-Reward Ratio (RRR) and buffer (in pips).

Trade Logic:
Long trade triggered when the 15-minute candle closes above the 1-hour high.
Short trade triggered when the 15-minute candle closes below the 1-hour low.

Visualization:
The range_high and range_low (previous 1-hour high and low) are plotted on the chart using dashed lines.

Debugging:
Enabling the show_debug input displays labels showing stop-loss and take-profit values for easier troubleshooting.

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