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Breakout Relative Strength Index

It isn't easy to determine if the price of a stock is about to break out. Here’s one way you can determine the relative strength of a breakout, enabling you to act early and realize higher profits.

This indicator was originally developed by Howard Wang Stocks & Commodities V. 33:09 (60–62)
Release Notes: Fixed a few issues I missed when I first created the script
Release Notes: Shorted the reference to full typical price
Release Notes: updated to match the rest of my indicators
Release Notes: fixed issue with default resolution
Skript med en öppen källkod

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.

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