Breakout Range
Simple and effective light based on market logic. Creates interval chosen by the trader.
The trader selects only two parameters.
The first - the number of candles that define the frame.
The second - the number of plugs for confirming frame.
The indicator shows the situation in all the history and works with current market movement.
Indicator It works on all timeframes. The basic settings are shown in the screenshots.
example settings
1; 1
In fact, this is an internal bar (Inside Bar).
1 - the main candle 1 - candle within the previous. As you can see, everything is simple ...
Options
- StartCandles - number of candles, forming an imaginary frame (size)
- NextCandles - number of candles inside the imaginary frame formed "initial candles"
- Tolerance - the error in paragraphs
- TolerancePerc - error as a percentage of the frame
- MinRange - the minimum size of the frame
- MaxRange - maximum frame size
- AdjustRange - increase the frame (following the candle may be partially included in the imaginary frame within the selected error, wherein the frame size increase, respectively)
- MultiRange - avoid overlap multiple frames
- Start / Next Range Color - color
- ShowAlarm - display (true / false)
- AlarmDistance - how many points after crossing with an interval should be triggered Alert
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