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Breakout Detector

Break out pinescript

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warumonokisou
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207 views

Breakout Detector

Break out pinescript

Uploaded by

warumonokisou
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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// This source code is subject to the terms of the Mozilla Public License 2.

0 at
https://mozilla.org/MPL/2.0/
// ©Trade Confident

// License Agreement: You are granted a personal license agreement to the following
script for use on ONE TrdingView account.
// You may NOT resell or distribute this script in any way, this is strictly
prohibited and is tracked on TradingView.
// PLEASE READ: We will take legal action if this script is shared with another
TradingView account or modified and reposted on TradingView IN ANY WAY.

//@version=5
tag0 = "TC Breakout Detector"
indicator("Breakout Detector")

pi = 3.14159265359
src0 = hlc3

volatility_length = input(8,title="Volatility Length")

no_type = "Standard"
simp_harmon_type = "Simple Harmonic"
rsi_type = "RSI"
karo_type = "Karobein"
m_type = "M-Oscillator"
typ5 = rsi_type

_pv(_src, _len) =>


math.sqrt((_src / ((_len * 4) * math.log(2))) * math.sum(math.pow(math.log(high
/ low), 2), _len))

_rma(_src, _len) =>


ta.sma(_src, _len * 3) + ta.sma(_src, _len * 2) - ta.sma(_src, _len)

_rsi(_src, _len) =>


u = math.max(_src - _src[1], 0)
d = math.max(_src[1] - _src, 0)
rs = ta.rma(u, _len) / ta.rma(d, _len)
res = 100 - 100 / (1 + rs)
res

_simple_harmonic(_src, _len) =>


c0 = _src
c1 = c0[1]
c2 = c0[2]
v0 = c0 - c1
v1 = c1 - c2
a0 = v0 - v1
a1 = ta.ema(a0, _len)
t0 = 2 * pi * (math.sqrt(math.abs(v0 / a1)))
t1 = c0 > c1 ? t0 : t0 * -1
v3 = ta.ema(t1, _len)
t3 = ta.ema(t0, _len)
sho = (v3 / t3) * 100

_karo(_src, _len) =>


src = ta.ema(_src, _len)
a = ta.ema(src < src[1] ? src / src[1] : 0, _len)
b = ta.ema(src > src[1] ? src / src[1] : 0, _len)
c = (src / src[1]) / (src / src[1] + b)
d = 2 * ((src / src[1]) / (src / src[1] + c * a)) - 1

_moscillator(_src, _len) =>


tt_c = 0
for i = 1 to _len
s0 = _src[0]
si = _src[i]
t_c = s0 > si ? 1 :s0 < si ? -1 : 0
tt_c := tt_c + t_c
tt_c
tt_c

typ7(_typ1, _src, _len) =>


_typ1 == no_type ? _pv(src0, volatility_length) :
_typ1 == rsi_type ? _rsi(_pv(src0, volatility_length), _len) :
_typ1 == simp_harmon_type ? _simple_harmonic(_pv(src0, volatility_length),
_len) :
_typ1 == karo_type ? _karo(_pv(src0, volatility_length), _len) :
_typ1 == m_type ? ta.ema(ta.ema(_moscillator(_pv(src0, volatility_length), _len),
5), 3) : na

cond0 = typ5
cond1 = cond0 == no_type ? src0 : _pv(src0, volatility_length)
cond2 = cond0 == no_type ? volatility_length : volatility_length

volatility_rsi = typ7(cond0, cond1, cond2)

plot(volatility_rsi, tag0, #f5ab0c, 1, style=plot.style_line,transp=5)


h1=hline(30, color=#f5ab0c21, linestyle=hline.style_solid, linewidth=2)
h2=hline(4, color=#806732, linestyle=hline.style_solid, linewidth=2)
fill(h1, h2, color = color.new(#ff9900, 85))

makelabel(x, y, msg, col=color.white)=>


var label _la = label.new(x, y, msg, color=#00000000,
style=label.style_label_left)

label.set_xy(_la, x, y)
label.set_text(_la, msg)
label.set_textcolor(_la, col)
_la

bc = 16
makelabel(bar_index+10, bc, 'Breakout Zone ↑↓')

alertcondition(ta.crossunder(volatility_rsi,15), title='Breakout Zone',


message='Breakout Zone')

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