Description

• If the Data Line value is higher than the specified period’s highest value then a Buy signal is generated
• If the Data Line value is lower than the specified range’s lowest value then a Buy signal is generated
• Note that the bar at which signal is plotted is not included in the period. For example, if you set a period of 5 bars, the sixth bar will be tested for the above conditions

Interpretation

• Buy trade can be executed at upward range breakout
• Sell trade can be executed at downward range breakout

Default Parameters Used/Inputs

• Data Line
• Period

Returns/Output

Buy and Sell Signals

Formula