Stock Breakout Algo by Technicaltrader615This is a Breakout Algo Suited for trading Stocks in NSE ( India) . The code looks for breakout above yesterday high and low with respect to the pivot R1 and S1. The order pings as Bracket order with 2R as target and 1R as risk. Time frame to be used is 5 mins.
We need to feed stocks with narrow range prior day for better performance.
You need to define risk in the Bridge for Each of the Stock. Lets say the stop loss is 10 points and Risk is 1000. The bridge will ping 1000/10 = 100 Shares to buy/ sell with 2R as target. the Target can be set to 3R also . This some times get rejected as Indian Stock exchange has upper circuit limit set. So we can go for 2R for ill-liquid stoks and 3R for liquid Stocks.
Similarly if 1000 Rs risk and 50 points sl , the bridge will place 1000/50 = 20 Share qty.
Breakout / Breakdown candles are Denoted by Colour change in the chart for visual purpose.
For more Details you can contact thru trading view chat window. You can also scroll down for my signature. This is only for the Students of Mine.
Komut dosyalarını "breakout" için ara
High & Low Of Custom Session - OpeningRange Breakout (Expo)High & Low Of Custom Session - OpeningRange Breakout (Expo) prints the high and the low of a custom session.
I use the indicator to trade the re-test of opening range (high/low) as well as breakouts from the opening range. The same logic can be applied to the session you have chosen.
HOW TO USE
1. Use the indicator to trade the re-tests of the session range.
2. Use the indicator to trade breakouts of session range.
INDICATOR IN ACTION
1-min chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
[TVExtBot]Volatility Breakout Indicator(With Alerts)Volatility Breakout Indicator(With Alerts)
It is based on the legendary trader Larry R. Williams' volatility breakout strategy.
The volatility breakout strategy is a short-term trading strategy that realizes rapid profits on a daily basis, following the upward trend of a strong upward trend that exceeds a certain level on a daily basis.
변동성 돌파 지표란 전설적인 트레이더 래리 윌리엄스(Larry R. Williams)의 변동성 돌파 전략을 기본으로 개발한 지표입니다.
변동성 돌파 전략은 일일 단위로 일정 수준 이상의 범위를 뛰어넘는 강한 상승세를 돌파 신호로 상승하는 추세를 따라가며 일 단위로 빠르게 수익을 실현하는 단기매매 전략입니다.
Areas of Support/Resistance & BreakoutA pretty little indicator showing pivotal breakouts - that is, locating critical pivot points within price action, connecting the dots and trading the breakouts from this area!
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Useful for finding good entry levels, exit levels, areas of strong support/resistance and most importantly - the Breakout!
Includes "Bars to the Left" variable so you can shorten or lengthen the indicator as required.
Good Luck and Happy Trading!
ORB with Multi Breakout V.2 [MV]This ORB with Multi Breakout Indicator Session Time is Indian NSE and BSE Equity Market
This indicator Provide you 4 type Setup
Opening Range Plot Only for Observation
1st Range Breakout = Long
2nd Range Breakout = Short
3rd Range Breakout = Short
4th Range Breakout = Long
How to work This Indicator?
When Market is Open This Indicator automatically Plot Opening Range High and Low,
if Market bullish & Candle Close above Opening Range high When This Indicator automatically Plot 1st Range High and Low if You Want to 1st Range High Plot Crossingup any Candle You can Also Add Alerts
Note: When 1st Range High and Low Plot Automatically Plot 1st Range Takeprofit Buffer by Default 1 Percentage You can also Change and Add Alert.
if Bullish market Reverse Down Side and Breakout 1st Range Low Below Closing When automatically Plot 3rd Range High and low, You Can Also Add Alerts When 3rd Range Low Plot CrossingDown any Candle
Note: When 3rd Range High and Low Plot Automatically Plot 3rd Range Takeprofit Buffer by Default 1 Percentage You can also Change & Add Alert.
When Market is Open This Indicator automatically Plot Opening Range High and Low,
if Market Bearish & Candle Close Below Opening Range Low When This Indicator automatically Plot 2nd Range High and Low if You Want to 2nd Range Low Plot CrossingDown any Candle You can Also Add Alerts
Note: When 2nd Range High and Low Plot Automatically Plot 2nd Range Takeprofit Buffer by Default 1 Percentage You can also Change & Add Alert.
if Bearish market Reverse Up Side and Breakout 3rd Range High Above Closing When automatically Plot 4th Range High and low, You Can Also Add Alerts When 4th Range High Plot CrossingUp any Candle.
Note: When 4th Range High and Low Plot Automatically Plot 4th Range Takeprofit Buffer by Default 1 Percentage You can also Change & Add Alert.
If you Have any Suggestion please mention here
Thank you so much
Below some image with Other Range
London Breakout with MDX Trailing StopThis indicator aims to aid in using the regular London Breakout strategy, as well as improve on it by adding a trailing stop based on the Mean Deviation Index.
The London Breakout strategy (according to my personal understanding) basically sees the morning before London open as the accumulation or distribution range for large buyers or sellers, and assumes the market will break either above that mornings high or below that mornings low when they start to move price. It is mostly used to trade stock indices and forex.
This indicator plots the morning high and low for each day. The green line is the morning high, and the red line is the morning low. If price moves above the green line (the morning high) it fills that area with a green color. If price moves below the green line (the morning low) it fills that area with a red color. This makes the breakouts easy to spot.
The background color of the chart turns green when the MDX is above 0 (price is more than X times ATR above the mean) and a breakout above the morning high has occurred, and stays green until the opposite happens.
The background color of the chart turns red when the MDX is below 0 (price is more than X times ATR below the mean) and a breakout above the morning high has occurred, and stays green until the opposite happens.
The default for X above is 1.0, but this can be changed in the settings by changing "ATR Multiplier".
The background is always neutral during the morning session since the morning high and morning low are not established yet.
A trailing stop is shown when price is more than X times away from the mean and a breakout has occured. The distance is set using the MDX. The trailing stop uses a separate ATR multiplier though, to make the signal and trailing stop MDX values different, if one likes. The default ATR multiplier for the trailing stop is 1.25, but this can be changed is the settings by changing "ATR multiplier for trailing stop".
When the high or low of a candle breaks the trailing stop, it is moved further away, indicating you have been stopped out, but gives opportunity to use it if you enter again (so it doesn't just disappear).
As an added bonus, take profit levels have been added based on the mornnig range. The take profit distance is set by multiplying the range with a factor. The levels are then plotted that distance from the morning high and morning low.
MDX:
ChaosSN Breakout Signals v3This signal indicator combines some key turning points including Fractals, Volume , Moving average and Momentum to try and pinpoint the moments a breakout or reversal is likely.
Purple Arrows:
Shows a possible breakout/breakdown is pending. Wait for the close and only pay attention to the most recent arrows. Place a long/short sell above or below the purple price line which will be generated at the time of the signal generated.
An ideal setup will include watching the AO/AC/Oscillator to make sure they align with the direction of the entry.
v2:
-Added labels to arrows
-Added optional rules for stricter fractal identification
-Added more toggling options to help with cleaner charting
v3:
-Added reversal signals
-Added Buy and Sell signals
Buy and Sells can be used on their own with the traditional stop losses. The ideal scenario would be to combine the Buy and Sell signals with a Fractal Breakout/Breakdown
VWMA/SMA Breakout and Divergence DetectorThis indicator compares four different values :
-Fast Simple Moving Average(SMA)
-Fast Volume Weighted Moving Average(VWMA)
-Slow SMA
-Slow VWMA
Comparing SMA's and VWMA's of the same length is a common trading tactic. Since volume is not taken into consideration when calculating Simple Moving Averages, we can gain valuable insights from the difference between the two lines.
Since volume should be increasing along with an upwards price movement, the VWMA should be greater than the SMA during a volume-supported uptrend. Thus, we can confirm an uptrend if the VWMA remains greater than the SMA. If the VWMA falls under the SMA in the midst of an upwards price movement, however, that indicates bearish divergence. The opposite is true for downtrends. If price is decreasing and volume is decreasing at the same time (as it should), then we can confirm the downtrend.
Interpreting the Graph:
If the slow SMA is greater than the slow VWMA, then the area representing the difference between the two lines is filled in red. If the slow VWMA is greater than the slow SMA, however, the area between the two is filled green.
If the fast SMA is greater than the fast VWMA, then the area between the two dotted lines is filled in red. On the other hand, the area will be filled green if the fast VWMA is greater than the slow SMA.
In addition to spotting divergences and confirming trends, the four lines can be used to spot breakouts. Typically, a VWMA crossover will precede the SMA crossover. When the fast VWMA crosses over the slow VWMA and then a SMA crossover follows shortly after, then it is a hint that a bullish trend is beginning to form.
Zeus Pivot Points Support and Resistance Breakouts by ZekisZeus Pivot Support and Resistance Breakouts by Zekis
Is an indicator with big results, it forms new support /resistance according to the last higher high or lower low (it prints new ones only if it breaks through the last one)
Rules:
- enter Long or Short when the support or resistance is craked
- exit when new support or resistance is starts to form
Alerts for entries and exits
A moving average is added to filter signals (leave it at 1 for price close signals)
Bar colors can be added to see longs, shorts or no position
Background colors for longs, shorts or no position
Enjoy!
@Zekis
Nirav - Opening Range with Breakouts & TargetsUsed for Credit Spreads: Opening Range with Breakouts & Targets
Opening Range Breakout Detector📈 Opening Range Breakout Detector (TF-Independent)
Tracks breakouts with precision. No matter the chart, no matter the timeframe.
This indicator monitors whether price breaks above or below the Opening Range across multiple key durations — 1m, 5m, 10m, 15m, 30m, 45m, and 60m — using 1-minute data under the hood, while you can work on higher timeframe charts (daily, etc.).
Highlights:
✅ Status table shows which ORs broke UP or DOWN
⏱ Control which timeframes to track
🖼 Customizable table position, size and colors
Crafted by @FunkyQuokka
Advanced Volume-Driven Breakout SignalsThe "Advanced Volume-Driven Breakout Signals" indicator is a cutting-edge tool designed to help traders identify high-potential trading opportunities through sophisticated volume analysis techniques. This indicator integrates volume flow analysis, moving averages, and Relative Volume (RVOL) to provide a comprehensive view of market conditions, going beyond traditional Volume Spread Analysis (VSA) methods.
Key Features:
Volume Flow Analysis: Distinguishes bullish and bearish volume flows with distinct colors, making it easier to visualize market sentiment and potential breakout points.
Volume Flow Moving Averages: Calculates moving averages for volume using various methods (SMA, EMA, WMA, HMA, VWMA), accommodating different trading strategies. This includes settings for adjusting the type of moving average and its period, as well as thresholds for high, medium, and low volume levels.
Volume Spikes Detection: Identifies significant volume spikes based on user-defined multipliers and moving averages, highlighting unusual trading activity.
Volume MA Cloud Settings: Computes general moving averages of volume to track trends and detect deviations. This feature includes options to select different moving average types and adjust thresholds for detecting high volume activity.
Relative Volume (RVOL): Measures current volume relative to historical averages, triggering signals when RVOL exceeds predefined thresholds, indicating notable changes in trading activity.
Entry Conditions: Provides clear long and short entry signals based on combined volume flow conditions and RVOL, offering actionable trading opportunities.
Volume Visualization:
— Bullish Volume Flow: Light and dark green bars indicate bullish volume flow.
— Bearish Volume Flow: Light and dark red bars denote bearish volume flow.
— High Volume Bars: Highlighted in yellow, and extreme volume bars in orange for additional context. These bars are plotted for visual aid and do not directly influence trade signals, focusing instead on the quality and strength of the volume flow.
Alerts: Allows users to create alert notifications for long and short entry signals when the criteria are met, enabling traders to respond promptly to trading opportunities.
Usage:
Overlay: Apply the indicator directly to your price chart to visualise real-time signals and volume conditions.
Customisable: Adjust settings for moving averages, RVOL, and other parameters to match your trading strategy and preferences.
Comparison to VSA Scripts: The "Advanced Volume-Driven Breakout Signals" indicator extends beyond traditional VSA scripts by incorporating a wider range of analytical features. While VSA primarily focuses on volume spread patterns and price action, this indicator offers enhanced functionality with advanced RVOL metrics, customizable moving averages, and detailed volume spike detection, making it a more versatile tool for identifying breakout opportunities and managing trades. It is particularly effective when used alongside key levels and order blocks.
Acknowledgements: Special thanks to @oh92 and @goofoffgoose for their invaluable scripts, which served as inspiration in the development of this advanced trading indicator.
Notes: The script is continually evolving, with ongoing refinements aimed at enhancing accuracy and performance.
VWAP Bollinger Band Crossover Breakout with ResistanceCredit to © Jesus_Salvatierra for VWAP script
This script help you find a trend in momentum stock that is about to breakout and shows resistance point. This script utilizes Bollinger bands VWAP and is good for intra day charts.
VWAP, or Volume Weighted Average Price, is a technical analysis tool used to measure the average price a security trades at during a given time period, weighted by the trading volume for each price level. It is commonly used by traders and investors to identify the true average price of a security and to assess whether they are buying or selling at a fair price.
A Bollinger Band is a technical analysis tool that uses standard deviation to measure the volatility of a security. The Bollinger Band is typically composed of three lines: the upper band, the lower band, and the middle band. The middle band is a simple moving average of the security's price, while the upper and lower bands are calculated based on the standard deviation of the security's price.
A Bollinger Band crossover occurs when the price of a security crosses above or below one of the bands. When the price crosses above the upper band, it is considered overbought, while when it crosses below the lower band, it is considered oversold. Traders often use Bollinger Band crossovers as a signal to enter or exit a position, depending on their trading strategy.
The VWAP and Bollinger Band crossover are two separate technical analysis tools that can be used in conjunction with each other. When a security's price crosses above or below the Bollinger Band, traders may look to the VWAP to confirm whether the security is trading at a fair price. If the security is trading above the VWAP, it may be overvalued, while if it is trading below the VWAP, it may be undervalued. Similarly, traders may use the Bollinger Band crossover as a signal to enter or exit a position, while also taking into account the VWAP to assess whether the price is fair.
Fractal BreakoutThis indicator prints channels based on Williams Fractals creating an upper and a lower channel. Breakouts of these channels are marked as buy or sell signal including the respective alerts. Furthermore the indicator includes a Moving Average which can be toggled on to be used as a trendfilter (buy above, sell below).
[Excalibur] Pivoted Automatic Breakout Trend LinesPREAMBLE:
As I will elaborate further, lines and linearity are everywhere in the our thoughts, words, objects, and nature. For example, in our youth, drawing lines on paper, ascribing them in the dirt, and using them to perfect hand writing is common occurrences in life everyone has experienced. Our minds are uniquely adaptable to envision linearities in many natural or abstract objects, including facial geometry. That's how we easily recognize each other in person. For decades, along our path on roadways to and from our destinations, road lines have long safely guided us. Common phrases are "get in line", "walk the line", "line of duty", and "finish line" in English. Gazing upon the earth's line of horizon on calm wide open ocean standing upon the shoreline, it is easily visible and it has curvature. Sorry to break it to you flat earthers.
Multitudes of agreed upon lines define nationally recognized boundaries on maps for very specific reasons. Some lines are just simply not meant to be crossed and are purposefully intended to be respected. Even at the time of this original release, lines are being "crossed" on unimaginable and tragic scales, forming a trend of devastation of lives and livelihoods. On occasion in human history, border lines have to be redefined, especially when a godvernment no longer represents the WILL of a vast geographic majority of it's citizens. When puppet representatives and misleaders only have a self serving interest to put their citizens most treasured values, grievances, and souls in the grave, succession is a matter of last resort and it's often statistically speaking 101% necessary.
As an American, from my opinionated perspective assessing the situation, I welcome the ancestral people of Donetsk and Luhansk to the world stage, being independent to choose their own destinies and fates, because all that Ukraine wishes to do with them year, after year, after year is render them as subjugates or use them for target practice. And that isn't right! The way 2021+ is heading, by the year 2100 I suspect every continental map is going to have new lines on them.
LINES OF ANTIQUITY:
Many recorded instances throughout history detailing the use of lines, has endured centuries of time. The ancient origins and study of "Euclidean geometry" would have been performed scribbling in the ground, preferably in sand. The Greek mathematician Euclid of Alexandria, the founder of geometry, most probably spent a great deal of his life doing this in order to pass his bold ideas onto future generations.
Before Euclid's time, Spartans in the battle of Thermopylae drew their lines in the sand with their swords adhering to the infamous words "Molon Labe" (come and take ). These disciples of agoge, born and destined for rigorous entrainment were bound by duty, no retreat, no surrender. Hundreds of Spartan sigma males held the line for as long as they could for the security of their free peoples. In almost every case of Spartan history the imperative notion of holding the battle lines was absolutely necessary at all costs, regardless of the carnage delivered from their enemy adversaries, including the unrelenting hordes of invasion commanded by the tyrant Xerxes. ALL gave some on those days.
Over two millennia later, Colonel William Travis at the Alamo carved a line in the ground for able men to decide which side of history they would reside on. History has an awfully bad habit of repeating itself, as it is always told in forewarnment. Lines have always been pertinent, decisive, and always shall be. A world without lines, would make our grasp of understanding and existence nearly impossible to carry on civilization.
LINES IN MODERN TIMES:
The versatility of lines are every where imaginable in this 21st century. A short list of their applications are in art, design, engineering, architecture, demarcation, and they are always, always ever pervasive in computer graphics. Without a doubt, lines are now pinnacle to having the ability to make our charting possible in order to recognize trends. Here in this script's application I intended them to automatically reveal geometry, trends, and breakout zones.
When I originally encountered my discovery of TradingView's existence, the very first thing I was doing, was to naturally draw lines across the price action pivot points in search of identifiable opportunities. Three years later, I have now finalized my vision of automatically drawing an ample amount of them by harnessing the "Power of Pine" in version 5. As you will soon see, utilization of this script will reveal hidden geometry that is otherwise typically unforeseen.
SCRIPT FUNCTIONALITY:
Programmatically drawing lines on top of numeric chaos has been an arduous task, taking me over a year to stabilize this code to my liking. The possibilities of automatically drawing lines on market price action could in theory actually result into hundreds per chart pane. This script does have a limitation of 60 line segments/rays maximum. I have gone to great lengths to accomplish this feat, just to arrive at 60 per overlay indicator. Beyond that, I am experiencing limitations of Pine. Because of the amount of work required to finalize this indicator, this is one of my "Excalibur" indicators. I literally had to pull this code from the deepest recesses of my mind. I would classify this kind of indicator as a weapon of mass financial creation, so I'm offering it's availability to all members.
Segments/rays may be computationally drawn as far back as 5000 bars into the chart's history, but no more than that are to be expected. Only one line will occur from pivot point to pivot point. All duplicate line occurrences computed are not redrawn over another, as I ensured by filtration this would not happen. Numerous adjustments are present to handle a majority of expectations and the numerous visual acuities of members. I envision many thousands of members utilizing this script's versatility as a visual aid to help guide them along their path of trading assessments and decisiveness.
SCRIPT UTILITY:
Having the ability to recognize geometry in price movements is ultra handy in relation to directional trending and channeling arrangements especially. Trends are guaranteed at some unknown point in time to breakout, and form new trends or cycles. I employed a fire and ice color duo to differentiate between the upper trend lines from the lower trend lines. It seemed to be most visible without interfering too often with other indicators. These can be changed to any color combo you desire in Settings. Additional line preferences are provided to support your tailored experience while having other indicators present in the overlay pane. It may even be configured to only display two lines at a minimum. By doing so, you can really focus and fine tune Settings for just these two segments/rays with very specific refined tweaks.
One caveat of detecting pivots, is that they aren't recognized until after they have formed. Always remember that pivot points aren't instantaneously discoverable until their full form is computationally apparent in the form of a chevron. Technically describing the pivot detection is beyond normal comprehension and to difficult to explain in this description. I will also say, viewing this on a 4K display resolution reveals the best view. If you wish to use more than one instance of this indicator in the overlay for more than 60 lines at a time, go right ahead. However it may become messy.
P.S. This script and it's description was partially inspired by Twisted Sister's song "We're Not Gonna Take It"
RISK DISCLAIMER:
My scripts and indicators are specifically intended for informational and educational use only. This script uses historical data points to perform calculations to derive real-time calculations. They do not infer, indicate, or guarantee future results or performance.
By utilizing this script/indicator or any portion of it, you agree to accept 100% responsibly and liability for your investment or financial decisions, and I will not be held liable for your subjective analytic interpretations incurring sustained monetary losses. The opinions and information visual or otherwise provided by this script/indicator is not investment advice, nor does it constitute recommendation.
Green Line Breakout (GLB) - Public UseNOTE: This is public use - open source version of GLB published by me in Sep 2020. As Trading View is not allow unprotect script already shared, I am sharing it for anyone to use the script and make a copy.
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This is an implementation of Green Line Breakout ( GLB ) which is popularized by Eric Wish through his Wishing Wealth Blog.
GLB indicator looks at a monthly chart for a stock that hit a new all time high recently and draw a green horizontal line at the highest price reached at any month, that has not been surpassed for at least 3 months.
In other words, this method finds stock that reached an all-time high and has then rested for at least three months. When a stock moves through the green line or is above its last green line, it is an indication of strong buying interest.
Read more about how to use the indicator in Wishing Wealth Blog.
Usage Explanation:
1. Set the time frame to Monthly for a stock and automatically a green dashed line appears based on the calculation explained above
2. If no GLB found for a stock, then green line appears at 0.0
2. If you set any other time frame other than Monthly, no Green Dashed line shown
NSDT Pre-Market Breakout LevelsA simple way to identify potential breakouts at the New York market open. This indicator plots the high and low of the New York Pre-Market, providing a great visual of a potential breakout levels.
Vortex Range Breakout SystemThis is a Vortex Based Visual System,
Which can help you identify the Vortex Crosses based Range Breakouts/ Breakdown, over the price Scale,
How its made ?
The vortex Crosses are projected over the Price
on Same Time frame {Green and Red Filled area}
-> green Area means : Vortex Crossover Range
-> red Area means : Vortex Crossunder Range
and on Higher Timeframe
Vortex Cross Levels are Plotted, which you see as :
Blue and Orange Lines
Default Configs
Vortex Period is 14
Higher Timeframe Option is set to 60 mins
You can change the Higher timeframe to any minutes which suits your need
Also If you want to change the Higher Timeframe in Days
just know
1D = 24*60 min, = 1140mins
Enjoy!
Range Breakout Indicator with trailing SLDear Traders,
This is a simple range breakout indicator where we are creating a range based on high and low of two consecutive volatile candles.
The logic is,
1) If the second candle traverse 1% up from the previous candle low (or)
2) If the second candle traverse 1% down from the previous candle high
then, the range is formed based on this high and low and
3) Buy signal will be given if the price crosses above the High
4) Sell signal will be given if the price crosses below the Low
The indication comes along with the Entry Indication, Exit Indication along with trailing SL
Option provided for changing the session time, target %, SL % and trailing SL %.
Happy Trading!
P.S: Please DM for access.
Green Line Breakout (GLB)This is an implementation of Green Line Breakout (GLB) which is popularized by Eric Wish through his Wishing Wealth Blog.
GLB indicator looks at a monthly chart for a stock that hit a new all time high recently and draw a green horizontal line at the highest price reached at any month, that has not been surpassed for at least 3 months.
In other words, this method finds stock that reached an all-time high and has then rested for at least three months. When a stock moves through the green line or is above its last green line, it is an indication of strong buying interest.
Read more about how to use the indicator in Wishing Wealth Blog.
Usage Explanation:
1. Set the time frame to Monthly for a stock and automatically a green dashed line appears based on the calculation explained above
2. If no GLB found for a stock, then green line appears at 0.0
2. If you set any other time frame other than Monthly, no Green Dashed line shown
25 Life Bank BreakOutThis indicator allows the user to visually identify a swing High/Low and place a marker which will measure 2 candles either side of the swing point for the lowest body.
Once identified apply a 50% Fib to the body to ID a break out point and allow an alert to be placed.
Subsequently measures a 25% fib retracement of the breakout for a potential entry point. Alerts may also be created.
This does not provide trading signals nor is designed to do so.
It is not a trading strategy.
