Just a Script i made which captures the relation of Close wrt 26Week Highest(high) and Lowest(low)...
Long when the price goes below 0(Start taking Aim dont actually pull the trigger) on the lower timeframe(anytimeframe below Weekly) "and" crosses the 28 level(and on this day if its also coupled with increase in Volume, i say you can actually pull...
A breakout refers to when the price of an asset moves above a resistance area or below a support area. Breakouts indicate that the price may be trending in the direction of the breakout.
L1 Breakout Indicator utilizes highest() and lowest() functions to define breakout levels. Use ema() to draw a trade line to detect the distance to...
This is a simple but efficient indicator.
Its made from an oscillator, which is calculated from the current close price with the highest high and the lowest low over a period of time.
This way we can see how much prices has changed over a X ammount of candles ( in positive or negative ) .