The formula works on algorithm that calculate candle breakouts. Buy and sell signal generates as soon as the LTP flips over its breakout price.
When the LTP closes below its breakout Price buy signal is generated.
When the LTP closes above its breakout Price sell signal is generated.
In snapshots given below it is shown with green and red arrows, so that...
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
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