STtraderr

Breakout Levels

This script auto identify high volatile scripts
Works best on Category A or FnO stocks in cash, of nseindia
I have backtested it on 8 months data,
normally daily it gives 5-6 true breakouts
Try it on 5 mins chart and take signals where candle closes above/below the level
Also check volume of entry candle, it must be lesser than prev 3-4 candle's volume
Target fixed 1%
SL not greater than 1% but I use custom supertrend
Please note: In current version this indiactor wont post any buy/sell signals
It will display only levels and you yourself have to choose entry points
In coming versions I will code the buy/sell signals also
(This is invite only scrip so you wont find it in search at tradingview)
-Ajeet Singh
Release Notes: Improved from previous version 1.0
This script auto identify high volatile scripts
Works best on Category A or FnO stocks in cash, of nseindia
Never tested on Index or Mcx
I have backtested it on 8 months data,
Normally daily it gives 5-6 true breakouts
Try it on 5 mins chart only
Target fixed 1%
SL not greater than 1% but I use custom supertrend
In current version this indiactor post any buy/sell signals which is in beta state
More improvements will come in future versions
(This is invite only scrip so you wont find it in search at tradingview)
-Ajeet Singh
Release Notes: small mistake corrected
Release Notes: Made charts more clear and easy to spot (v 1.4)
Release Notes: Corrected one error (ver 1.5)
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.
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Comments

Thanks sir
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Thanks sir
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