OPEN-SOURCE SCRIPT

Anti-Breakout Strategy

Updated
Anti-Breakout Strategy

Description:

This is a contrarian entry strategy for trading false breakouts. The high/low of the breakout bar is used for the entry in the opposite direction.

To reduce repainting set ptype variable to OHL3.
Release Notes
Added Doji module.
Release Notes
Fixed the volumeBreak function.
Release Notes
Minor fix.
Release Notes
Minor fix. Modified the Notification section.
anti-breakoutcontrarianstrategyTrend AnalysisVolatilityVolume

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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