Crypto Breakout Indicator

٧ أغسطس ٢٠٢٢

Hey Guys,

The idea of the script is that accumalation and small pumps do happen before the big ones, therefore, i tried to create a breakout indicator that can tell that:

the script components are:
1- Price to consolidate within 15% range between the highest of 6 candles and lowest of 6 candles
2- Price needs to breakout with minimum of 1% and maximum of 20%
3- Price needs to have sufficient volume, hence volume of current bar needs to be higher than previous one with 10% at least
4- RSI needs to be between 50 and 75
5- Bollinger Bands Percentage needs to be equal or lower than 1
6- Price is closing above EMA200

I tried to make all these numbers to be available for you guys through settings so you can tell me about any better settings!