OPEN-SOURCE SCRIPT
Breakout Scalper
Updated
first draft of a breakout scalper which uses a fast and slow window
sets up some entry stops and then a trailing exit stop. performs a manual close when going sideways.
sets up some entry stops and then a trailing exit stop. performs a manual close when going sideways.
Release Notes
uses the mid-range of two time periods to capture breakouts and close with trailing stopuses a minimum cloud size to filter out periods of choppiness
Release Notes
add strategy.cancel for when the buy signal expires without an entryOpen-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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