Breakout Shasthra by RP

The RP Breakout Shasthra indicator is designed to show custom breakout levels.
There are many ORB (Opening range breakout) indicators which either take 9:15 as the default start time and the resolution is also fixed.
There are many successful breakouts like 10:15 - 30mins breakout, 12:30 - 1 hour breakouts etc.
So this indicator is designed to deliver you custom options to set the beakout time and duration.
Also there is an option to plot previous breakout lines to backtest.

The options window is simple.
In the INPUT Tab

Show Previous breakout - This option plots the High and Low of the required time-frame for all the previous days. this is useful in back testing or finding unsuitable environments to avoid trade.

Breakout start time - This is set to default sessions. Here you only need to select the start time.

Breakout Timeframe - The duration to consider can be set here.

Example:- If you wanted 11:30 - 15 mins breakout. Change Breakout start time from 9:15 to 11:30
Change Breakout Timeframe from 60 to 15
And hit OK.

In the Styles Tab

You can customize the color / Add labels / Show Shapes (Buy entry / Sell Entry)

Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Want to use this script on a chart?


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