OPEN-SOURCE SCRIPT
Cool boy: (Breakout Master) V.2
Explanation:
MACD and RSI: These indicators provide basic trend direction and momentum analysis for entry signals.
Bollinger Bands: Plots the upper, lower, and middle Bollinger Bands. If the price crosses above the upper band or below the lower band, it signals a breakout.
Donchian Channels: Identifies potential breakouts by using price highs and lows. A breakout occurs when the price crosses above the upper or below the lower channel.
Volume Breakout: Checks if the current volume is greater than the moving average of volume to confirm the strength of a breakout.
Alerts: Added alert conditions for Bollinger, Donchian, and Volume breakouts.
Winrate Calculation: Tracks the winrate by comparing successful trades with total trades.
Steps to Use:
Apply this indicator to your chart.
Look for Buy or Sell signals based on the MACD and RSI conditions.
Monitor breakouts via Bollinger Bands, Donchian Channels, and Volume.
Set up alerts for the breakouts so you can take action quickly.
Follow the plotted Stop Loss (SL) and Take Profit (TP) levels calculated based on the ATR to manage your risk.
Use the winrate displayed on the chart to evaluate the performance of the strategy over time.
MACD and RSI: These indicators provide basic trend direction and momentum analysis for entry signals.
Bollinger Bands: Plots the upper, lower, and middle Bollinger Bands. If the price crosses above the upper band or below the lower band, it signals a breakout.
Donchian Channels: Identifies potential breakouts by using price highs and lows. A breakout occurs when the price crosses above the upper or below the lower channel.
Volume Breakout: Checks if the current volume is greater than the moving average of volume to confirm the strength of a breakout.
Alerts: Added alert conditions for Bollinger, Donchian, and Volume breakouts.
Winrate Calculation: Tracks the winrate by comparing successful trades with total trades.
Steps to Use:
Apply this indicator to your chart.
Look for Buy or Sell signals based on the MACD and RSI conditions.
Monitor breakouts via Bollinger Bands, Donchian Channels, and Volume.
Set up alerts for the breakouts so you can take action quickly.
Follow the plotted Stop Loss (SL) and Take Profit (TP) levels calculated based on the ATR to manage your risk.
Use the winrate displayed on the chart to evaluate the performance of the strategy over time.
Skript med en öppen källkod
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