Chande Kroll Stop for validating breakout
I want to share a little trick for validating breakout from a narrow range. If more people use this method then it can become even more effective ;-)
1. Price crosses below both lines of Chande Kroll Stop and the area between two lines of Chande Kroll Stop is shaded, indicating price is breaking out of a narrow range
2. Bull bear power histogram paints red below 0
The shaded area is when the width between 2 lines of Chande Kroll Stop measures less than 2*atr(10)
1. Price crosses below both lines of Chande Kroll Stop and the area between two lines of Chande Kroll Stop is shaded, indicating price is breaking out of a narrow range
2. Bull bear power histogram paints red below 0
The shaded area is when the width between 2 lines of Chande Kroll Stop measures less than 2*atr(10)
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