Range-Bound ATR and Breakout#

Here is the strategy name: Range-Bound Strategy with Average True Range (ATR) and Breakout Confirmation

Strategy Details#

Here are the strategy details from ChatGPT:

Note

  • Calculate the Average True Range (ATR) indicator to measure volatility.

  • Identify the high and low range boundaries based on a multiple of the ATR value.

  • Enter a long trade when the price breaks above the high range boundary with confirmation from increasing volume or a bullish candlestick pattern.

  • Enter a short trade when the price breaks below the low range boundary with confirmation from increasing volume or a bearish candlestick pattern.

Sample Signal Points#

Range-Bound ATR and Breakout Points

Results#

Range-Bound ATR and Breakout Results

Source Code#

Here is the link to the source code for this zeta-zetra/code.