LonesomeTheBlue

Breakout Finder

Helo All,

I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one.

The options:
"Period" is used to find Pivot Points
"Max Breakout Length" is the maximum length to search breakouts
"Threshold Rate %"
is channel width of the breakout area. calculated using highest/lowest of last 300 bars.
"Minimum Number of Tests" is the minimum number of tests that the Price tried to break the S/R level
and some options for coloring and linestyle

Lets see some examples:

in this example "Minimum Number of Tests" is 2 so the Price must have tested to break resistance area 2 times and then it breaks it as seen in the screenshot:

in following example Threshold rate is %10, so the channel width is very big:

as you can see in followinf screenshot you can choose different colors and line styles:

Alerts added ;)


Enjoy!
릴리즈 노트: Fixed.
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차트에 이 스크립트를 사용하시겠습니까?

코멘트

you deliver man
you always do
thanks for your contribution
100 코인
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LonesomeTheBlue siddhesh933
@siddhesh933, thanks
+2 응답
Gracias :)
500 코인
+6 응답
LonesomeTheBlue arslanberat
@arslanberat, thank you
+1 응답
Awesome! Idol LTB is always so sendy!!! :-)
500 코인
+3 응답
@Charlie8G,Thank you mate :)
+1 응답
thanks
100 코인
+2 응답
@cksinangin, thanks
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500 코인
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@VonnyFX, Thank you
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