Breakout Finder Strategy by The Accumulation Zone

The Breakout Strategy:

Indicators used:

• Least Squared Moving Average by Tradingview
  
• Smoothed Moving Average by Tradingview
  
• MACD Support Resistance by venkatachari_n
  

About this Strategy:
This strategy is based on spotting a particular activity pattern involving the above listed indicators:
A fast moving average that will track closely with price while still smoothing out some price chop
A slower least squared moving average to help gauge short-term momentum
MACD Support and Resistance to help identify longer-term trends and potentially serve to also guide directional bias

If all entry conditions are met, the strategy enters a position. As well as sending an alert message for the Entry, TP/SL Signals

Long Condition:
Price close above MACD S/R Line
SMMA crossed MACD S/R Line to the upside
LSMA crossed MACD S/R Line to the upside

Short Condition:
Price close below MACD S/R Line
SMMA crossed MACD S/R Line to the downside
LSMA crossed MACD S/R Line to the downside

Strategy Settings
SL based on ATR Bands (0.9 ATR Multiplier recommended*)
TP based on RR (1.5 RR recommended*)
Optional EMA Filter (If set to 0 -> disabled)
Session Filter
Custom Strategy Backtesting Dashboard (Risk = 5%*)

*Recommended for a Daily BTC/USDT Chart

Versionsinformation:

Added Long/Short Entry Labels
Added Long/Short Entry Alerts
Bug fixes