Breakout Signals via Asymmetrical Averaging

Special Application of Average Bullish & Bearish Percentage Change Indicator
INDICATOR AVERAGES BULLISH AND BEARISH VOLATILITY SEPARATELY THROUGH THEIR NATIVE PAST CANDLE COUNT. NOT PERIODICALLY!
Asymmetrical averaging is a versatile technique that involves assigning different lengths for independent averaging of opposite market forces. This adaptability uncovers high-probability breakout signals by establishing a threshold that filters out irrelevant fluctuations.

Below, I illustrated 2 practical examples of the method applied to bullish and bearish breakout scenarios:

1. Bullish Breakout Example:
   Set the bullish averaging to 30 and the bearish averaging to 1000.
   If the bullish average consistently surpasses the bearish threshold, it indicates robust buying momentum and a potential breakout to the upside.
   The extreme bearish average establishes a consistent baseline, filtering out short-term fluctuations and focusing on significant upward momentum to deliver reliable bullish breakout signals.
2. Bearish Breakout Example:
   Set the bearish averaging to 30 and the bullish averaging to 1000.
   If the bearish average rises above the bullish threshold, it signals growing selling pressure and a potential breakout to the downside.
   The extreme bullish average provides a steady reference point, eliminating minor fluctuations and isolating significant downward momentum for dependable bearish breakout signals.

LINK TO THE INDICATOR:
https://www.tradingview.com/script/8UOyLcH8-Average-Bullish-Bearish-Percentage-Change/