OPEN-SOURCE SCRIPT

Moving Average Channel Breakout (No Repaint)

197
This indicator creates a channel using two simple moving averages: SMA of highs (upper line) and SMA of lows (lower line).

How it works:
- When a candle closes above the upper channel line, the following candles turn green (bullish trend)
- When a candle closes below the lower channel line, the following candles turn red (bearish trend)
- The trend color remains until a breakout in the opposite direction occurs

Anti-repaint:
This indicator does NOT repaint. The candle color is determined at the open, based on the previous candle's close. Once a candle opens with a color, that color never changes.

Breakout strategy:
- Candle opens green → Long entry signal
- Candle opens red → Short entry signal

The signal and entry moment are perfectly synchronized at the candle open, making it ideal for systematic breakout strategies.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.