Trendoscope

Breakout Candles V2

Trendoscope Wizard Updated   
Enhanced Breakout Candles indicator. On top of existing Breakout Candles, this also identifies stop and target distance based on trend.
Release Notes:
Minor adjustments to default values
Release Notes:
This is extension of Breakout Candles indicator. Following are enhancements.

  • Added different calculations for UpTarget and DownTarget based on trend. (Supertrend is used for calculating trend)
  • Added option to display as channel instead of target points
  • Added display options : Targets, Target Channel, Target with Stops, Up Channel, Down Channel
  • Targets is regular target markers based on Candle Breakouts
  • Target Channel is also existing feature where it shows Up Target and Down Target as channel
  • Target with Stops calculate Stop value based on ATR multiplied by stopMultFactor. This can be used as initial stop loss while placing Stop pending order.
  • Up Channel is channel made up of Up Target and respective stops
  • Down Channel is channel made up of Down Target and respective stops
Release Notes:
Added alert condition upon request

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