DRAXILL wrote: Thu Nov 07, 2019 5:04 pm
So this is the breakout indicator that I use to take breakouts.
This counts every 16 candles back.
If price breaks past the last 16 candles it will show.
Maybe a good programmer will make a dash out of it or something.
I can't just give it to you. You won't learn anything like that.
I use the 16 candle breakout on the 1hr.
And trade the 4hr towards the daily.
Why do I trade like this?
1st lesson
Breakouts are the leading indicator. Its price action. Every other indicator or most of them are lagging. Only price action is leading.
When you compare leading to lagging I will win every time.
put the functions in the libraries folder
Also, I don't take just every breakout. It's the bite and the signal that I look for to check my fishing line.
ish
Thank you so much Ish.
I see it's a dynamic BOX. Why 16 candles? Is there a reason you chose this value?
Can you write more about "And trade the 4hr towards the daily", I think this is very important, and I want to understand your trading style.
Thank you for the indicator and for your help.
Best Regards
stond