PROTECTED SOURCE SCRIPT
Volatility IB Strategy v6 crypto
Strategy Overview
This is a breakout trading strategy that identifies consolidation periods and trades breakouts from the Initial Balance (IB) range with enhanced stop-loss mechanisms.
Core Logic
Consolidation Detection: Identifies low-volatility periods using:
ADX below threshold (default: 25)
Narrow price range (default: <2% over 20 bars)
Minimum consolidation duration (default: 5 bars)
Initial Balance Definition: Marks the consolidation high/low as IB levels when:
Price breaks above/below the range
Volume confirms breakout (optional filter)
Trade Signals:
Long Entry: Close above IB High with volume confirmation
Short Entry: Close below IB Low with volume confirmation
This is a breakout trading strategy that identifies consolidation periods and trades breakouts from the Initial Balance (IB) range with enhanced stop-loss mechanisms.
Core Logic
Consolidation Detection: Identifies low-volatility periods using:
ADX below threshold (default: 25)
Narrow price range (default: <2% over 20 bars)
Minimum consolidation duration (default: 5 bars)
Initial Balance Definition: Marks the consolidation high/low as IB levels when:
Price breaks above/below the range
Volume confirms breakout (optional filter)
Trade Signals:
Long Entry: Close above IB High with volume confirmation
Short Entry: Close below IB Low with volume confirmation
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
I have telegram bot t.me/montecapitalcrypto
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
I have telegram bot t.me/montecapitalcrypto
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.