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OHLC Breakz

The 'OHLC Breakz' indicator was developed to show breakouts of reversals with custom price action patterns.

The arrows show price action of reversal conditions with trendlines which indicate long term trend formations.


Key Features

  • Custom price action pattern indicating a reversal/breakout from the prior bar.
  • There are visual options available as well as modes which are all non-repaint.
  • Non-repainting signals presented at the beginning of a new bar and at bar 0.
  • Showcasing support & resistance arrows & trendlines the scalping manually.


Input Parameters

  • Line Mode = Both; - Trendline Pattern: Opens & Opens, Highs & Lows or Both 
  • Reverse arrows = false - Trendline Pattern: 0: Opens & Opens, 1: Highs & Lows, 2: Both
  • Line Jump = 2; - Trendlines stretched a number of periods. Example: 89.
  • Lines Visible = false; - Trendlines displayed or disabled.
  • Line Back = false; - Trendlines in background or foreground.
  • Line Rays = false; - Trendlines or rays (true: Rays, false: Trendlines).
  • Line Up Color = Red; - Trendlines angled up, color.
  • Line Dn Color = Lime; - Trendlines angled down, color.


Integration

  • This indicator generates ATR prices of the arrow which can be compared with it's adjacent buffer.
  • There may be a value in one buffer and not the other represented by a value of 0(for no arrow).


Improvements

  • Please be sure to leave any ideas, tips and suggestions in the "Reviews" section and they may be included.
  • Improvements to the system could be at any time so we suggest that you possibly backup your copies.




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Version 7.0 2023.09.24
Theme Colorization Changes
Input Parameters Changes
Version 6.0 2023.09.14
Added input for arrows reversed
Version 5.0 2023.01.10
Upgrades to some visual acuity and functionality related features
Version 4.0 2022.05.16
Upgrades to some visual acuity and functionality related features
Version 3.0 2021.11.18
Supplementary changes with the strategies development
Version 2.0 2017.11.03
Inputs and code optimized, nothing different but faster!