OPEN-SOURCE SCRIPT
Updated Breakout Scalper

first draft of a breakout scalper which uses a fast and slow window
sets up some entry stops and then a trailing exit stop. performs a manual close when going sideways.
sets up some entry stops and then a trailing exit stop. performs a manual close when going sideways.
Release Notes
uses the mid-range of two time periods to capture breakouts and close with trailing stopuses a minimum cloud size to filter out periods of choppiness
Release Notes
add strategy.cancel for when the buy signal expires without an entryOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.