R-Breaker Intraday Strategy Using Six Prior-Day Price Levels

Summary

R-Breaker uses the previous session’s high, low, and close to calculate six reference levels for the current session. The document contrasts this setup with conventional pivot points and describes a hybrid approach: reversal trades are considered when price reaches an outer setup level and retreats through an inner reference, while breakouts beyond designated levels trigger trend-following entries. The level spacing depends on coefficients, and the text presents an example configuration and code for calculating and charting the levels.

The author suggests using one-minute data because entries depend on intraday movements across several price levels, while also noting that the strategy may produce relatively few trades. No backtest results, transaction-cost analysis, exit rules, or risk controls are provided. The code excerpt contains potentially confusing variable naming and level references, so the precise entry mapping should be checked against the intended rules before implementation. The document therefore describes a strategy concept, not evidence of profitability.

Key ideas

• Six intraday reference levels are calculated from the prior session’s high, low, and close.
• The strategy combines reversals near setup levels with trend-following entries on breakouts.
• Coefficient choices control the spacing between the calculated levels.
• The document recommends one-minute data but gives no backtest, exit specification, or risk controls.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.