A simple Support Resistance Breakthrough Strategy, the only difference is that it is PineScript @version=4. interested parties can use it as a reference.
Its logic is simple, wish your all the best.
refers to the support price that the exchange rate may encounter when it falls, so as to stop falling and stabilize the price.
The corresponding concept is the , that is, the pressure that the exchange rate may encounter when it rises, thus reversing to a falling price.
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.
Depending on the factors that determine the success or failure of the transaction, the general environment includes: Is the environment a bull market cycle? , Is the commission low? Can the newly printed banknotes of the central bank continue to support valuations? Small-scale factors include: fund management rules, personal financial planning, and whether there is a regular job.
Beautiful color for breakout; this simple effective indicator is great; thanks again for the sharing <3