CarlEverest

TradingCryptoCourse Support/ resistance Breakout

This indicator looks for breakouts above and below the latest highs and lows.
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Kommentarer

Can buy and sell signals be added?
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@dpanday, yes of course, instead of the plotshape function, use that as a alert condition, add it to you chart and set alert.

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dpanday CarlEverest
@CarlEverest, Ok will do that and see the result. Is it a profitable script to use with automatic trading?
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@dpanday, I had little time to backtest it, but I like to set alerts on it. What my goal with this is, is to add ATR volatility condition to it. So when volatility is very low, and there is a breakout on this indicator, then I want to get a buy/sell signal. I think that combination (ATR and breakout) could be very useful for automatic trading
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CarlEverest CarlEverest
@CarlEverest, because best breakout trades are those that breakout of a low volatility squeeze right?
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dpanday CarlEverest
@CarlEverest, Yes sounds reasonable. Are you planning to add this functionality so we can test it?
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@dpanday, yes sure, I will make a new indicator for that combination.
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