Pine Script V4: A Breakout Strategy
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In this lesson I answer a question from a Mastery Course student. He wanted to create a tool to assist him in trading intraday breakouts of previous daily highs & lows, and that's exactly what this script does!
Want to learn Pine Script? Look no further. I have you covered.
With over 15 years of coding experience and 4+ years of trading experience, I specialize in TradingView's Pine Script programming language and I'm here to pass on everything I've learned about both trading and coding.
If you want more information about who I am and what I do, head over to https://theartoftrading.com/
▼Timestamps▼
00:00 - Intro & Overview
01:25 - User Input
02:43 - Get Daily High & Low
04:35 - Calculating Entry, Stops & Targets
07:14 - Detecting A New Day
08:24 - Setting Buy Stop & Sell Stop Orders
10:00 - OCA (One-Cancels-All Parameter)
12:05 - Exiting Trades
13:10 - Drawing Strategy Info to Chart
14:34 - Analyzing Some Example Trades
15:25 - Warning About TradingView's Strategy Tester
18:05 - Notes About Backtesting & Confirming Profitability
21:23 - Summary & Outro
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