Breakout Candles V2

Enhanced Breakout Candles indicator. On top of existing Breakout Candles, this also identifies stop and target distance based on trend.

Versionsinformation:

Minor adjustments to default values

Versionsinformation:

This is extension of Breakout Candles indicator. Following are enhancements.

• Added 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
  
• 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
  

Versionsinformation:

Added alert condition upon request