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The Channel BreakOut creates a channel with its bands based on the highest and lowest values for the specified channel length (the value of the “Length” input).
<div style="background-color: #E3FBE5;">A '''breakout''' is a special price pattern when the price is moving outside a defined support or resistance level with increased volume. </div>
Channel BreakOut SE enters short if the low of the current bar is lower than the lower channel band of the previous bar. <br> This signal attempts to create trades based on whether a symbol breaks out from a channel or not. The channel is dependent on the length, which is chosen in the signal settings. Check the related [[Channel Breakout LE]] signal.
=== Default Inputs ===