OPEN-SOURCE SCRIPT
Breakout Trade Levels
Updated
This indicator is designed for trading CFD indices, focusing specifically on breakout strategies.
For instance, utilize this indicator to set up a bracket order at the beginning of the trading day, anticipating a breakout in NAS100 with a movement of 1% in either direction. Utilizing the Open Price, it calculates the Entry Price, Stop Loss (SL), and Take Profit (TP) based on percentage movements.
For instance, utilize this indicator to set up a bracket order at the beginning of the trading day, anticipating a breakout in NAS100 with a movement of 1% in either direction. Utilizing the Open Price, it calculates the Entry Price, Stop Loss (SL), and Take Profit (TP) based on percentage movements.
Release Notes
This indicator is designed for trading CFD indices, focusing specifically on breakout strategies.For instance, utilize this indicator to set up a bracket order at the beginning of the trading day, anticipating a breakout in NAS100 with a movement of 1% in either direction. Utilizing the Open Price, it calculates the Entry Price, Stop Loss (SL), and Take Profit (TP) based on percentage movements.
Release Notes
Found some errors.Release Notes
Found some errors.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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