Cloud Breakout BF — Strategy by bennef

Based on code by nathanhoffer

Long signal is after a close above Kumo cloud, short signal after close below it.

You can adjust stuff in the settings.

Release Notes:

Removed code that wasn't used for generating signals to make for easier reading.

Release Notes:

Set the lines other than the cloud spans to invisible by default.

Release Notes:

Simplified code further

Release Notes:

Updated code to version 4. Added Stop-Loss and Take-Profit functions (defaultsettings are high to emulate no stop loss and no take profit)

Release Notes:

Tidied up code a bit and added background colour to more easily visualise long and short signals.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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