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Anti-Breakout Strategy

capissimo Updated   
Trend Analysis Volatility Volume contrarian anti-breakout strategy
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trendanalysis volatility volumestudies contrarian anti-breakout strategy
Anti-Breakout Strategy

Description:

This is a contrarian entry strategy for trading false breakouts. The high/low of the breakout bar is used for the entry in the opposite direction.

To reduce repainting set ptype variable to OHL3.
Release Notes:
Added Doji module.
Release Notes:
Fixed the volumeBreak function.
Release Notes:
Minor fix.
Release Notes:
Minor fix. Modified the Notification section.
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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