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Breakout Signals via Asymmetrical Averaging
Special Application of Average Bullish & Bearish Percentage Change Indicator
INDICATOR AVERAGES BULLISH AND BEARISH VOLATILITY SEPARATELY THROUGH THEIR NATIVE PAST CANDLE COUNT. NOT PERIODICALLY!
Asymmetrical averaging is a versatile technique that involves assigning different lengths for independent averaging of opposite market forces. This adaptability uncovers high-probability breakout signals by establishing a threshold that filters out irrelevant fluctuations.
Below, I illustrated 2 practical examples of the method applied to bullish and bearish breakout scenarios:
LINK TO THE INDICATOR:
https://www.tradingview.com/script/8UOyLcH8-Average-Bullish-Bearish-Percentage-Change/
INDICATOR AVERAGES BULLISH AND BEARISH VOLATILITY SEPARATELY THROUGH THEIR NATIVE PAST CANDLE COUNT. NOT PERIODICALLY!
Asymmetrical averaging is a versatile technique that involves assigning different lengths for independent averaging of opposite market forces. This adaptability uncovers high-probability breakout signals by establishing a threshold that filters out irrelevant fluctuations.
Below, I illustrated 2 practical examples of the method applied to bullish and bearish breakout scenarios:
- Bullish Breakout Example:
Set the bullish averaging to 30 and the bearish averaging to 1000.
If the bullish average consistently surpasses the bearish threshold, it indicates robust buying momentum and a potential breakout to the upside.The extreme bearish average establishes a consistent baseline, filtering out short-term fluctuations and focusing on significant upward momentum to deliver reliable bullish breakout signals.
- Bearish Breakout Example:
Set the bearish averaging to 30 and the bullish averaging to 1000.
If the bearish average rises above the bullish threshold, it signals growing selling pressure and a potential breakout to the downside.The extreme bullish average provides a steady reference point, eliminating minor fluctuations and isolating significant downward momentum for dependable bearish breakout signals.
LINK TO THE INDICATOR:
https://www.tradingview.com/script/8UOyLcH8-Average-Bullish-Bearish-Percentage-Change/
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α΄ΚΚ α΄α΄Ι΄α΄α΄Ι΄α΄ α΄Κα΄α΄ Ιͺα΄ α΄α΄ ΚΚ κ°Κα΄α΄α΄Κα΄Κ Ιͺκ± ΙͺΙ΄α΄α΄Ι΄α΄ α΄α΄ κ°α΄Κ ΙͺΙ΄κ°α΄Κα΄α΄α΄Ιͺα΄Ι΄α΄Κ α΄Ι΄α΄ α΄α΄ α΄α΄α΄α΄Ιͺα΄Ι΄α΄Κ α΄α΄Κα΄α΄κ±α΄κ± α΄Ι΄ΚΚ.
α΄α΄κ±α΄ α΄α΄Κκ°α΄Κα΄α΄Ι΄α΄α΄ Ιͺκ± Ι΄α΄α΄ ΙͺΙ΄α΄ Ιͺα΄α΄α΄Ιͺα΄ α΄ α΄κ° κ°α΄α΄α΄Κα΄ Κα΄κ±α΄Κα΄κ±.
α΄ΚΚ α΄α΄Ι΄α΄α΄Ι΄α΄ α΄Κα΄α΄ Ιͺα΄ α΄α΄ ΚΚ κ°Κα΄α΄α΄Κα΄Κ Ιͺκ± ΙͺΙ΄α΄α΄Ι΄α΄ α΄α΄ κ°α΄Κ ΙͺΙ΄κ°α΄Κα΄α΄α΄Ιͺα΄Ι΄α΄Κ α΄Ι΄α΄ α΄α΄ α΄α΄α΄α΄Ιͺα΄Ι΄α΄Κ α΄α΄Κα΄α΄κ±α΄κ± α΄Ι΄ΚΚ.
α΄α΄κ±α΄ α΄α΄Κκ°α΄Κα΄α΄Ι΄α΄α΄ Ιͺκ± Ι΄α΄α΄ ΙͺΙ΄α΄ Ιͺα΄α΄α΄Ιͺα΄ α΄ α΄κ° κ°α΄α΄α΄Κα΄ Κα΄κ±α΄Κα΄κ±.
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