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.
