Breakout Candles V2

Enhanced Breakout Candles indicator. On top of existing Breakout Candles, this also identifies stop and target distance based on trend.

Release Notes

Minor adjustments to default values

Release Notes

This is extension of Breakout Candles indicator. Following are enhancements.

Added different calculations for UpTarget and DownTarget based on trend. (Supertrend is used for calculating trend)
Added option to display as channel instead of target points
Added display options : Targets, Target Channel, Target with Stops, Up Channel, Down Channel
Targets is regular target markers based on Candle Breakouts
Target Channel is also existing feature where it shows Up Target and Down Target as channel
Target with Stops calculate Stop value based on ATR multiplied by stopMultFactor. This can be used as initial stop loss while placing Stop pending order.
Up Channel is channel made up of Up Target and respective stops
Down Channel is channel made up of Down Target and respective stops

Release Notes

Added alert condition upon request

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Trendoscope

Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

Trendoscope

Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io

Also on: