Atma_Sakshatkar

365 Day High Breakout Strategy

SCRIPT NOTES
- Strategy consists of 3 parameters :-
1. BUY on 365 day breakout (250 days taken in back-testing instead of 365 days considering weekends and other holidays in a year)
2. Moving averages (Noise Filtering condition )
3. RELATIVE STRENTH indicator (Original Author - https://tradingview.com/u/modhelius/ ) (Noise Filtering condition )

- Strategy works better on low volatile stocks.
- This strategy is for self improvement and concept sharing purpose only.
- Trading (including profit/loss) using this strategy is completely user's responsibility.
Release Notes: STRATEGY UPDATE :-
- Exit method modified to "ATR based" exit mechanism from earlier method of "fixed Target % and fixed Stop Loss % method".
- ATR based stop method keeps trailing the price as it moves up and keeps us in a trade till the trend lasts.
Open-source script

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.

Disclaimer

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