PROTECTED SOURCE SCRIPT
Big Base
A 120 bar breakout is considered powerful because it identifies price moves beyond a significant and long term reference point the highest closing price over approximately 6 months of trading days. Such breakouts signal strong momentum and often mark the start of major new trends or significant price swings.
It represents a breakout beyond a well established resistance level formed over many weeks, highlighting strong buying interest that overcame prior price ceilings.
This timeframe reduces noise from short term fluctuations, helping focus on sustained moves with higher probability of follow through
Breakouts from long consolidation periods tend to generate increased volatility, attracting more traders and volume, which supports stronger trends.
These breakouts can act as a reliable signal for entry points in both swing trading and longer-term investing, often leading to substantial price appreciation.
To leverage such breakouts, traders typically confirm the breakout with volume spikes, set appropriate stop loss levels just below the breakout price, and manage risk carefully since not all breakouts hold.
It represents a breakout beyond a well established resistance level formed over many weeks, highlighting strong buying interest that overcame prior price ceilings.
This timeframe reduces noise from short term fluctuations, helping focus on sustained moves with higher probability of follow through
Breakouts from long consolidation periods tend to generate increased volatility, attracting more traders and volume, which supports stronger trends.
These breakouts can act as a reliable signal for entry points in both swing trading and longer-term investing, often leading to substantial price appreciation.
To leverage such breakouts, traders typically confirm the breakout with volume spikes, set appropriate stop loss levels just below the breakout price, and manage risk carefully since not all breakouts hold.
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Script protetto
Questo script è pubblicato come codice protetto. Tuttavia, è possibile utilizzarlo liberamente e senza alcuna limitazione – per saperne di più clicca qui.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.