TS True Range Breakout
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Trading System "True Range Breakout"
Formula per Tradestation™:
INIZIO FORMULA
Type : Signal, Name : True Range Breakout
Input
:Period(20);
Condition1=range < Average(range,Period);
{LongEntry}
If Condition1 then Buy at Open of tomorrow + range Stop;
{ShortEntry}
If Condition1 then Sell at Open of tomorrow - range Stop;
FINE FORMULA