Breakout Relative Strength Index

cheatcountry Updated   
It isn't easy to determine if the price of a stock is about to break out. Here’s one way you can determine the relative strength of a breakout, enabling you to act early and realize higher profits.

This indicator was originally developed by Howard Wang Stocks & Commodities V. 33:09 (60–62)
Release Notes:
Fixed a few issues I missed when I first created the script
Release Notes:
Shorted the reference to full typical price
Release Notes:
updated to match the rest of my indicators
Release Notes:
fixed issue with default resolution

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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.


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