OrmeK

25 Life Bank BreakOut

This indicator allows the user to visually identify a swing High/Low and place a marker which will measure 2 candles either side of the swing point for the lowest body.

Once identified apply a 50% Fib to the body to ID a break out point and allow an alert to be placed.

Subsequently measures a 25% fib retracement of the breakout for a potential entry point. Alerts may also be created.

This does not provide trading signals nor is designed to do so.

It is not a trading strategy.

Release Notes: VER 1.01 Updated Fib Measurements.
Release Notes: Midpoint altered.
Release Notes: Ver 1.0 New script
Release Notes: Life 1.0 Amended Script re Markers

If you would like to enquire about access to this invite only script please send me a private message on trading view and I will be happy to assist. Thank you.
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact OrmeK for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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