Difference between revisions of "Price breakout"
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(Created page with "=== left|alt=CategoryRule PriceBreakout|CategoryRule PriceBreakout Summary === This Price Breakout category contains all Default Rule...") |
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Thus, every rule in this category is a [[Core Rules#Conditional Core Rules|Conditional Rule]]. This means that it returns only True or False, not a number value. | Thus, every rule in this category is a [[Core Rules#Conditional Core Rules|Conditional Rule]]. This means that it returns only True or False, not a number value. | ||
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=== Reaches S/R Level === | |||
This Rule returns True if the Bar is reaching a horizontal Support/Resistance Level. This level is defined by a Graphical Object Horizontal Line on the Chart. | |||
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Parameters : | |||
* Bar Position : Position of the Bar on the current chart. 0 is the last printed Bar on the chart. 1, is the previous Bar from the last Bar . 2, is the second previous Bar from the last Bar . | |||
* Timeframe : Timeframe of the Bar. It's advised to let the value "Current" to get the value of the Bar on the current chart. | |||
* Symbol : Symbol of the Bar. It's advised to let the value "Current" to get the value of the Bar on the current chart. | |||
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=== Reaches S/R Level === | |||
This Rule returns True if the Bar is reaching a Trendline. This level is defined by a Graphical Object TrendLine on the Chart. | |||
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Parameters : | |||
* Bar Position : Position of the Bar on the current chart. 0 is the last printed Bar on the chart. 1, is the previous Bar from the last Bar . 2, is the second previous Bar from the last Bar . | |||
* Timeframe : Timeframe of the Bar. It's advised to let the value "Current" to get the value of the Bar on the current chart. | |||
* Symbol : Symbol of the Bar. It's advised to let the value "Current" to get the value of the Bar on the current chart. | |||
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Revision as of 10:34, 23 August 2021
Summary
This Price Breakout category contains all Default Rules related to the Price breakout patterns.
The Price breakout Rules are aimed to identify Market states when the Price reaches user-defined levels.
Thus, every rule in this category is a Conditional Rule. This means that it returns only True or False, not a number value.
Reaches S/R Level
This Rule returns True if the Bar is reaching a horizontal Support/Resistance Level. This level is defined by a Graphical Object Horizontal Line on the Chart.
Parameters :
- Bar Position : Position of the Bar on the current chart. 0 is the last printed Bar on the chart. 1, is the previous Bar from the last Bar . 2, is the second previous Bar from the last Bar .
- Timeframe : Timeframe of the Bar. It's advised to let the value "Current" to get the value of the Bar on the current chart.
- Symbol : Symbol of the Bar. It's advised to let the value "Current" to get the value of the Bar on the current chart.
Reaches S/R Level
This Rule returns True if the Bar is reaching a Trendline. This level is defined by a Graphical Object TrendLine on the Chart.
Parameters :
- Bar Position : Position of the Bar on the current chart. 0 is the last printed Bar on the chart. 1, is the previous Bar from the last Bar . 2, is the second previous Bar from the last Bar .
- Timeframe : Timeframe of the Bar. It's advised to let the value "Current" to get the value of the Bar on the current chart.
- Symbol : Symbol of the Bar. It's advised to let the value "Current" to get the value of the Bar on the current chart.