Support and Resistance Breakout
Enters a long position when the price breaks out of a resistance HLine. Enters a short position when the price breaks out of a support HLine.
Symbols:
USDCHF
H1
Created 29 Dec 24
Header
General USDCHF H1
Support and Resistance Breakout
Enters a long position when the price breaks out of a resistance HLine. Enters a short position when the price breaks out of a support HLine.
NTL-Support-and-Resistance-Breakout.set
USDCHF,H1
Scripts
Open() < HLines1() && Close() > HLines1() && BarSize(0,1) >= ATR1() ? Ask() : 0
Open() > HLines1() && Close() < HLines1() & BarSize(0, 1) >= ATR1() ? Bid() : 0
Exit Management
1.00
false
Custom Indicators
+NTL\ATR(1,14).ex5
+NTL\HLines(1,'',800,64,'S2;R2',2,0.3,0.5,100).ex5,0,1
Backtesting & Optimisation
10000
500
11
