OPEN-SOURCE SCRIPT

Breakout Candles

Aggiornato
Candle is considered breakout upon two conditions:

1. Volume is higher than volume ema. Input allows you to add markup so that you can check if volume > 10% more than EMA
2. Change from previous close or distance between open and close is greater than ATR Multiplier * ATR.

Breakout color is based on whether the value of previous close is higher or lower than present close.

I would love to have wick and border color changed too. But, looks like not possible :(
Note di rilascio
Updated code to ignore volume if not available.
Note di rilascio
Updates:
  • Added separate length input for Volume EMA and ATR
  • Added Target markers which can be used for stop orders or stop loss.
  • Target Markup can be adjusted based on market conditions to widen stops.
Note di rilascio
Updates:
  • Add different calculations for UpTarget and DownTarget based on trend. (Supertrend is used for calculating trend)
  • Added option to display as channel instead of target points
Note di rilascio
Updates
  • Added display options : Targets, Target Channel, Target with Stops, Up Channel, Down Channel
  • Targets is regular target markers based on Candle Breakouts
  • Target Channel is also existing feature where it shows Up Target and Down Target as channel
  • Target with Stops calculate Stop value based on ATR multiplied by stopMultFactor. This can be used as initial stop loss while placing Stop pending order.
  • Up Channel is channel made up of Up Target and respective stops
  • Down Channel is channel made up of Down Target and respective stops
Note di rilascio
Simplifying script to make it easily understandable - removing clutters
breakoutTrend AnalysisVolatilityVolume

Script open-source

In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

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