Breakout Candle

by afhacker in category Other at 12/07/2016
Description

This indicator helps you to identify key breakout trading opportunities, It scans x amount of previous closed bars and check them if they were on a flat line type style and the latest closed bar broke them all or not also It has Bollinger bands indicator filter for getting only those breakout opportunities that came alongside with Bollinger bands squeeze setup.

By default the amount of range size parameter is zero and it means that indicator not using this functionality but I recommend you to adjust that parameter value based on instrument you trade and it's time frame.

 

Download Demo / Buy:

http://algodeveloper.com/3-breakout-candle​

 

Alert:

With BBands Filter:

 

Without BBands Filter:

With Range Pips specified:

Without Range Pips:

With Longer TF trend filer enabled:

Download
2817 downloads
How to install
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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;

namespace cAlgo
{
    [Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class Blank : Indicator
    {
        [Parameter(DefaultValue = 0.0)]
        public double Parameter { get; set; }

        [Output("Main")]
        public IndicatorDataSeries Result { get; set; }


        protected override void Initialize()
        {
            ChartObjects.DrawText("AlgoDeveloper", "Please download this indicator from AlgoDeveloper.com", StaticPosition.Center, Colors.Red);
        }

        public override void Calculate(int index)
        {
            // Calculate value at specified index
            // Result[index] = ...
        }
    }
}
Comments

ColossusFX - July 16, 2016 @ 18:42

:)

a9mtr - October 21, 2016 @ 02:54

Requires "unlimited access" what does this mean? 

afhacker - October 21, 2016 @ 18:00

a9mtr

For showing a windows form(alert window) a bot must have unlimited access.

0