OPEN-SOURCE SCRIPT

Breakout Trend Follower free

437
Free for all users/for Trading bots/ ALWAYS DYOR before use

Strategy: Enter long when recent swing high breaks out, using recent swing low as stop level. Move stops up as higher lows print to act
as trailing stops. Ride trend as long as it is there and the higher lows aren't breached.

Conditions/Variables
1. Manually configure which dates to back test
2. Can add a filter to only take setups that are above (or below for shorts) user-defined moving average(s) (helps avoid trading counter trend)
3. Can ignore signals that are too extended and not consolidating enough based on ADR and/or RSI.
4. Color background of trades - helps to easily see at a glance if the strategy should be long or not.


// @HannSo1o TG
// @singoslab CIS Comunity in TG

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.