Anti-Breakout Strategy

capissimo Updated   
Anti-Breakout Strategy


This is a contrarian entry strategy for trading false breakouts. The high/low of the breakout bar is used for the entry in the opposite direction.

To reduce repainting set ptype variable to OHL3.
Release Notes:
Added Doji module.
Release Notes:
Fixed the volumeBreak function.
Release Notes:
Minor fix.
Release Notes:
Minor fix. Modified the Notification section.
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.


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.

Want to use this script on a chart?