Rangebound + Breakout

Combination of Rangebound and Breakout Statergy

use 1 Hour Chart, Nifty 50 Stocks

BUY Condition : If next candle of "T" breaks UP the T Candle

SELL Condition : If next candle of "T" breaks DOWN the T Candle

Stop Loss : Sell Break point is stoploss point of BUY , Buy Break point is stoploss point of SELL

Target : 1%-3%

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


No idea
does it re paint?
Great indicator
Pramodnair raja74sekhar
@raja74sekhar, does it repaint?
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