1. Since a breakout of price or often means the start of a trend, this indicator alerts and displays a label when there is a breakout in price or .
2. The indicator prints labels on the chart, which helps people to study the relationship between a breakout and the trend.
3. The change is compared to a of , instead of the last bar, which can reflect the change compared to a certain period.
4. You can set an alert for breakouts of both price and , instead of do it two times.
Length for volume: is the length to calculator , default:108.
Toggle on/off to display or hide labels for price or breakout.
Customize the alert threshhold for price or breakout in different time period:3m,5m,15m,30m,60m and other
Use percentageGapForSlopeshape to adjust the relative position of labels.
Style - color settings: Orange for Down, Blue for Up, Red for Price Down, Green for Price Up.
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.
A Trading Indicator Artisan, JAVA Programmer, who is helping traders improve productivity.