Channel Breakout LE: Difference between revisions
From MultiCharts
(Created page with "=== Definition=== The Channel BreakOut creates a channel with its bands based on the highest and lowest values for the specified channel length (the value of the “Length...") |
No edit summary |
||
| Line 3: | Line 3: | ||
The Channel BreakOut creates a channel with its bands based on the highest and lowest values for the specified channel length (the value of the “Length” input). | The Channel BreakOut creates a channel with its bands based on the highest and lowest values for the specified channel length (the value of the “Length” input). | ||
<br> | <br> | ||
<div style="background-color: #E3FBE5;">A '''breakout''' is a special price pattern when the price is moving outside a defined support or resistance level with increased volume. </div> | <div style="background-color: #E3FBE5;">A '''breakout''' is a special price pattern when the price is moving outside a defined support or resistance level with increased volume. </div> | ||
<br> | <br> | ||
Channel BreakOut LE enters long if the high of the current bar is higher than the upper channel band of the previous bar. <br> | Channel BreakOut LE enters long if the high of the current bar is higher than the upper channel band of the previous bar. <br> | ||
