BreakOut/Breakout search Indicator

This indicator indicates on the graph, an event Breakout in green color.
In red, a BreakDown.

The basic indicator is the index force coupled with the Bollinger Band to identify a statistical anomaly on the closing price caused by volumes.
If the upper band of the bollinger bands is exceeded by the forceindex, it’s mean a BreakOut.
A BreakDown when the lower band of bollinger is exceeded.

// Name : BreakSearch indicator
// author : patmaba
// date : 2017/dec/05
// 
// Purpose
// -------
// This indicator indicates on the graph, an event Breakout in green color. 
// In red, a BreakDown.
//
// Parameter
// ---------
// It uses a parameter p to determine the period. by default it is set to 10.
//
// Description
// -----------
// The basic indicator is the index force coupled with the Bollinger Band to identify a statistical anomaly on the closing price caused by volumes.
// If the upper band of the bollinger bands is exceeded by the forceindex, it's mean a BreakOut. A BreakDown when the lower band of bollinger is exceeded.


fi=ForceIndex(close)
bu=BollingerUp[p](fi)
bd=BollingerDown[p](fi)

breakValue=0

// color variable
redColorValue=0
greenColorValue=0

// Check statistical anomaly(BollingerBands) on price by volume(ForceIndex)
if fi >= bu then // here the BreakOut
 breakValue=1
 greenColorValue=255
elsif fi <= bd then // here the BreakDown
 breakValue=-1
 redColorValue=255
endif

return breakValue coloured(redColorValue,greenColorValue,0) style(histogram) as "BreakOut/Down"

// Name : BreakSearch indicator

// author : patmaba

// date : 2017/dec/05

// Purpose

// -------

// This indicator indicates on the graph, an event Breakout in green color.

// In red, a BreakDown.

// Parameter

// ---------

// It uses a parameter p to determine the period. by default it is set to 10.

// Description

// -----------

// The basic indicator is the index force coupled with the Bollinger Band to identify a statistical anomaly on the closing price caused by volumes.

// If the upper band of the bollinger bands is exceeded by the forceindex, it's mean a BreakOut. A BreakDown when the lower band of bollinger is exceeded.

fi=ForceIndex(close)

bu=BollingerUp[p](fi)

bd=BollingerDown[p](fi)

breakValue=0

// color variable

redColorValue=0

greenColorValue=0

// Check statistical anomaly(BollingerBands) on price by volume(ForceIndex)

if fi >= bu then // here the BreakOut

breakValue=1

greenColorValue=255

elsif fi <= bd then // here the BreakDown

breakValue=-1

redColorValue=255

endif

return breakValue coloured(redColorValue,greenColorValue,0) style(histogram) as "BreakOut/Down"

bollinger bollinger bands breakout

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

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Alai-n • 12/06/2017 #
Merci pour ce travail…

patmaba • 12/06/2017 #
merci Alai-n.
C’est ma première participation sur prorealcode, merci pour à toi pour ton commentaire.
J’ai essayé de rester le plus simple possible.

longtrade • 12/06/2017 #
Can this be converted to a screener?

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Andraxx lo de volumen aceptable, lo dices en relación al Ibex 35 supongo. Porque se margen de volume...

Juanjo Hola Queria preguntarte si la idea de maximos anuales es tuya, o bien está basada en el sis...

JanWd Hi Francesco, nice algorithme, works with me on other markets as well !

Francesco78 thank you Janwd. Do you mind sharing where it works? happy new year!

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juanj And the point of violation is the close of the candle that violates the line by generating a...

juanj For the latest version of the strategy or to follow updates and developments see the thread ...

phanz i backtested it with 10K units of EURUSD 1 hour i get an equity curve that is going one way ...

rejo007 hello david, i'll try it could you tell me wich strategy do you use in real? thanks

David Somogyi Hello, I have a couple of DAX strategies of breakout and mean reversion. I'll try to post...

Roberto Blázquez Hi David, I just saw your strategy and it's good!!! I'm going to try it from today in real a...

redz bonjour, comment changer les paramettre de la BB en 20 , 2.2 ? hello, how to change BB sett...

Realtime82 Hi I was wondering if it would be possible to get an alert (by sound) when the signals shows...

besserwerden Hi, i like this bollinger moz arrwos. How can I use this indicator in an screener? I want to...

juanj To follow new developments or get the latest version of this strategy please visit the forum...

tahar Hello Juan, I wanted to test Universal Strategy via a demo account on PRT but nothing happen...

BravoDelta @juanj wondering if you may help me please. I am looking for a simply strategy to use on the...

Doctrading AH ok, I think the ca3 is the same : ca3 = pB[1] < 0.2 and pB < 0.2 Best regards,

chromosome21 Hello everybody, First, thank you so much for all your advices, I'm a begginer in trading a...

bertrandpinoy bonjour j ai un probleme avec ce code modifié, apparement PRT ne veut pas...avez vous une so...

gackeen Scusa Pier, scusate tutti, sono nuovo. Ho caricato il file e mi viene restituito il messaggi...

JR1976 HI Nicolas , I tried to copy paste but not import directly and the code works well I hav...

mcosta This code doesn't work on 10.3 platform(IG), neither with copy/paste nor with itf import, an...

Wing There's a few threads on the forum about backtest and live trades being different at times. ...

ET I agree with verdi55. As it is now, the code will only test for a breakout on the upside (li...

Philipjonasson are u still active Wing?

poonsl2828 Hi! Francesco I have test it on GBP/USD but it only have a trade on 9 Jun which i backtes...

ullle73 why not use 1h chart? has 95% hitrate

ullle73 i see most of positions are only 1 pip before exit?

Nicolas Thanks for sharing your automated trading strategy idea. Even if you accumulate loosing orde...

Maz Ok. Potential here to build onto this. Have opened a forum thread for further discussion: h...

imokdesign Hi Everybody, when I look at the strategy I felt the need to implement a Moneymanagement-Sy...

Inertia newlevel then multiplier=multiplier+1 oldlevel=newlevel newlevel=strategyprofit+startequi...

Inertia Hi Bjoern, I was playing around with your code this morning (EUR/USD 5'). Thank you to the...

Jodal Bonjour Nicolas, Merci pour cet indicateur! Est-ce possible de configurer une alerte pou...

Nicolas Merci pour le post dans le forum en respectant les règles de publication énoncées dans le ca...

Dron De lo mejorcito

JanWd Thank you for the coding, it seems promising. FTSE gives for the short term (5 min) promis...

Jan Wind 21.04.2019: I retested the strategy for the DAX 5 minutes , it works fine for 10.000 bars, b...

bertrandpinoy hello Francesco, are you still working on this strategy?

Samitha Prasanna Hi ALE, would you be able to provide the values for the below part of the code (time >=1...

Player Bonjour, J'ai testé cette stratégie sur EurUSD en 1 heures sur 10000 unités et le résultat ...

Player Vue du rapport du Backtest https://ibb.co/8BMrBz6

Nicolas Restart your platform in order to be sure to use the last version, there was a version rollb...

bertrandpinoy bonjour voud pouvez m envoyer le code modifier par vous?

Nicolas Désolé , je ne comprends pas votre question.

Nicolas Rien, il faut l'appliquer sur la charte. Soit le mettre sur le graphique du prix, à l'aide d...

signorini Merci pour votre réponse. Je l'applique sur la charte, j'utilise la petite clé pour effacer ...

signorini Je vous remercie, Nicolas. C'est fixé. Très bon week-end.

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