INVITE-ONLY SCRIPT

Breakout After Chandelier Buy + Choppiness Filter

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This is the fully compiled code for the indicator only. Here is the logic
The indicator first detects a Chandelier Exit buy signal (3/1) (a trend-start signal).


It waits up to 5 bars for a breakout candle that closes above the buy trigger’s high. I added this condition because I didn’t want the trade to develop too far.


It filters the breakout signals with the Choppiness Index to avoid signals during choppy/consolidating markets. (c=CI must be less than 60 at CE and falling at time of arrow plotting).


When all conditions align, it plots a lime up arrow below the breakout bar, indicating a confirmed breakout buy signal in a trending environment.


Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.