OPEN-SOURCE SCRIPT
[RS]The Breakout Indicator
Updated
Signals when there is a breakout from the trading range(donchian channel up to 300 bars back).
Release Notes
minor stuff for consistency..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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.