I want to create a TradingView Breakout Indicator + Strategy with Buy, Sell, stop loss and take profit Alerts.
The rules should follow the following:
The Indicator should work with all time frames.
It should combine the Bollinger Band Indicator.
It should find if the trend has changed its direction and form a new high or a new low.
It should draw a trend line correctly on the chart based on the wicks.
It should Only Shows a real breakout.
It should compare it with a previous higher high by using a horizontal line which it should be placed on the last higher high candle to represent the main resistance.
If it breached the horizontal line and close above it then the breakout is confirmed otherwise it is considered as a fake out.
The Below attached Youtube video is explaining all the technical and the test that I want to convert to an indicator with a back test strategy.
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Hello I understood your requirement but I have few doubts, text me so I can clear all my doubts right away, I can help you and i am ready for work. Thank you
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