PROTECTED SOURCE SCRIPT
Big Base
A 120 bar breakout is considered powerful because it identifies price moves beyond a significant and long term reference point the highest closing price over approximately 6 months of trading days. Such breakouts signal strong momentum and often mark the start of major new trends or significant price swings.
It represents a breakout beyond a well established resistance level formed over many weeks, highlighting strong buying interest that overcame prior price ceilings.
This timeframe reduces noise from short term fluctuations, helping focus on sustained moves with higher probability of follow through
Breakouts from long consolidation periods tend to generate increased volatility, attracting more traders and volume, which supports stronger trends.
These breakouts can act as a reliable signal for entry points in both swing trading and longer-term investing, often leading to substantial price appreciation.
To leverage such breakouts, traders typically confirm the breakout with volume spikes, set appropriate stop loss levels just below the breakout price, and manage risk carefully since not all breakouts hold.
It represents a breakout beyond a well established resistance level formed over many weeks, highlighting strong buying interest that overcame prior price ceilings.
This timeframe reduces noise from short term fluctuations, helping focus on sustained moves with higher probability of follow through
Breakouts from long consolidation periods tend to generate increased volatility, attracting more traders and volume, which supports stronger trends.
These breakouts can act as a reliable signal for entry points in both swing trading and longer-term investing, often leading to substantial price appreciation.
To leverage such breakouts, traders typically confirm the breakout with volume spikes, set appropriate stop loss levels just below the breakout price, and manage risk carefully since not all breakouts hold.
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Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.