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Breakout Signals by Jose Silva
Long/Short breakout system signals (similar to the Original Turtles Trading Rules) & Exploration.

Breakout Signals

{ Plots breakout long/short signals }
{ }
{ With thanks to Roy Larsen for Init idea }

pds1:=Input("HHV (long) breakout periods", 1,252,21);
pds2:=Input("LLV (short) breakout periods", 1,252,10);
display:=Input("display: signals=1, in-trade binary=2",1,2,1);
x:=Input("use Open=1 High=2 Low=3 Close=4 Volume=5 P=6",1,6,4);
delay:=Input("Entry and Exit delay",0,3,0);


Flag:=BarsSince(Init OR In) < BarsSince(Init OR Out)+InInit;

If(display=1,-Ref(Out1 AND BarsSince(In1)>=BarsSince(Out1),-delay),0);
If(display=1,Ref((InInit AND Alert(InInit=0,2)
OR Flag AND Alert(Flag=0,2)) - (Flag=0 AND Alert(Flag,2)),-delay),Flag)


Breakout Signals by Jose Silva
Source / From: TOP

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