ATR Based Breakout Strategy [Dr.K.C.Prakash]

ATR Based Breakout Strategy [Dr.K.C.Prakash]

This indicator is a volatility breakout tool that combines ATR bands with a customizable moving average to detect strong, clean breakouts — while filtering out market noise.

⚙️ How It Works
Moving Average (MA):

You can choose SMA, EMA, or WMA as the basis.

This moving average acts as a central reference line.

ATR Bands:

Two bands are plotted above and below the MA, offset by ATR × multiplier.

These bands define the breakout thresholds.

Signal Logic:

A Buy Signal is triggered when entire candle (high & low) is above the upper band.

A Sell Signal is triggered when entire candle is below the lower band.

Signals are not repeated in the same direction until an opposite signal occurs (trend memory).

Trend Tracking:

The indicator maintains the current trend state: bullish, bearish, or neutral.

MA line color changes:

🟢 Green = Uptrend

🔴 Red = Downtrend

⚪ Gray = No active trend

Visual Elements:

Bands turn green/red when a new signal is generated.

Buy/Sell labels are plotted at the respective signal bars.

Bar colors reflect the current trend.

✅ Key Benefits
Filters out weak or sideways movement using ATR-based thresholds.

Avoids repeated signals using a trend lock mechanism.

Clear visual cues through color-coded MA and labels.

Ideal for trend-following traders who want clean breakouts with low noise.

🚀 ATR Based Breakout Strategy [Dr.K.C.Prakash]

This is a premium invite-only indicator designed for traders who want clean, reliable breakout signals using ATR and dynamic moving averages.

💵 Price: Rs.3000 one-time

📩 Interested? DM me on TradingView (prakash1126)/Instagram (prakash krishnan chandran)/Gmail([e-mail]) to get access and payment details.

🔒 Access is invite-only — users will be added manually after payment.

✅ Trend-following logic
✅ No-code alerts supported
✅ Clean signals with low false positives

No refunds after activation. For serious traders only.