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Created page with "=== Definition=== 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..."
=== Definition===
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).
<br>
<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>
<br>
Channel BreakOut LE enters long if the high of the current bar is higher than the upper 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.
=== Default Inputs ===
'''Price''' sets the price value to be used for calculations.
'''Length''' sets the number of previous bars for HighestFC value calculation.
[[Category:Pre-built Indicators]]
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).
<br>
<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>
<br>
Channel BreakOut LE enters long if the high of the current bar is higher than the upper 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.
=== Default Inputs ===
'''Price''' sets the price value to be used for calculations.
'''Length''' sets the number of previous bars for HighestFC value calculation.
[[Category:Pre-built Indicators]]
