Channel Breakout LE: Difference between revisions
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<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> | <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 LE enters long if the high of the current bar is higher than the upper channel band of the previous bar. | Channel BreakOut LE enters long if the high of the current bar is higher than the upper channel band of the previous bar. 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 SE]] signal. | ||
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. | |||
=== Default Inputs === | === Default Inputs === | ||
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'''Length''' sets the number of previous bars for HighestFC value calculation. | '''Length''' sets the number of previous bars for HighestFC value calculation. | ||
[[Category:Pre-built Signals]] | [[Category:Pre-built Signals]] |