TEEREX NO.12 MASTER BAR

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TEEREX NO.12 MASTER BAR is a breakout strategy that identifies strong bullish and bearish candles following relatively smaller candles (Master Bar logic).

🟢 Entry Conditions:
– The current candle's body must be significantly larger (5x) than the previous candle's body.
– Volume must be higher than the 20-period moving average of volume.
– The previous candle must not be a Doji.
– Backtesting window can be customized via inputs.

🔴 Long/Short Setup:
– Long: Enter when a strong bullish candle forms with volume confirmation.
– Short: Enter when a strong bearish candle forms with volume confirmation.
– Both entries use Stop Loss at the opposite end of the candle, and Take Profit equals the size of the breakout.

This script is designed for traders looking to capture momentum-based breakouts with simple volume and price action filters.

⚠️ Note: This strategy is best tested across multiple timeframes and assets to identify optimal performance conditions.

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