OPEN-SOURCE SCRIPT

Breakout Finder

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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:
snapshot

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

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

Alerts added ;)


Enjoy!
Notes de version
Fixed.
Notes de version
Explanation added
Notes de version
updated
Breadth IndicatorsbreakdownbreakoutbreakoutsignalbreakouttradinglonesometheblueSupply ZonesupportSupport and ResistancetrendfollowingtrendtradingVolatility

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Clause de non-responsabilité