RicardoSantos

[RS]The Breakout Indicator

Signals when there is a breakout from the trading range( donchian channel up to 300 bars back).
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I need the explanation. I don't understand how to use this.
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How does one use this?
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Can you do a strategy on this study?
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Brilliant!
Appreciated your generosity RicardoSantos <3
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This is actually a really good tool for spotting reversals. Not 100% - nothing is, but just going through several assets this seems pretty reliable. There's definitely logic behind why this would be a good at detecting reversals as well. Probably market dependent. There might be markets were it would be better at spotting continuation. This is really good stuff!
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Thanks a lot, Great your work!!!
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