OPEN-SOURCE SCRIPT

Breakout Finder

Diupdate
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:
cuplikan

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

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

Alerts added ;)


Enjoy!
Catatan Rilis
Fixed.
Catatan Rilis
Explanation added
Catatan Rilis
updated
Breadth IndicatorsbreakdownbreakoutbreakoutsignalbreakouttradinglonesometheblueSupply ZonesupportSupport and ResistancetrendfollowingtrendtradingVolatility

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

Inggin menggunakan skrip ini pada chart?

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