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EvoCrypto

ATR Break-Out - evo

EvoCrypto  
Volatility Trend Analysis range breakout length
309
5
volatility trendanalysis range breakout length
This script measures candle length and average true range (ATR). A break out occurs when a candle is larger than the given ATR value. You can choose to calculate length from wicks or from the body (open & close).

You can use this as trend direction indicator by following the last break out candle or open a position after a break out with a stop just above or below the candle. Enjoy!
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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