OPEN-SOURCE SCRIPT
10-MIN SMA HIGH-LOW BREAKOUT
Updated
This script is based on 10-MINute SMA HIGH-LOW BREAKOUT. This is specially intended to be used on Index options. There should be a price action formation in 10 minutes time frame where a particular candle is closed above its high/low and then reverse closes above its high/low, which will be considered breakout and entry.
Release Notes
Inside range breakout of 5 minute candle with multiple candles closing in 5 minutes range and then giving a breakout with closing either above the 1st 5 minute candle's high or low.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 publication is governed by House rules. You can favorite it to use it on a chart.
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