R-Breaker Levels from Recent Highs, Lows, and Closes

Summary

This document presents an implementation of the R-Breaker method for calculating and displaying six reference levels from recent price data. It first takes the highest high, lowest low, and lowest close across a two-period window, then applies three coefficients to derive setup, entry, and breakout levels. The code plots those levels alongside the latest price and logs their values as the program updates.

The example is primarily an indicator and charting implementation; it does not specify order-entry rules, position sizing, or exit management. Although it includes sample level values in comments, it provides no backtest or performance evidence. The formulas and selected coefficients are shown, but the source does not explain parameter selection or how to adjust them across instruments and timeframes.

Key ideas

• The example derives R-Breaker reference levels from recent highs, lows, and closes.
• A two-period lookback and three coefficients determine the displayed setup and breakout levels.
• The implementation plots the levels and current price and logs their values as updates arrive.
• The document provides no trading results or complete rules for entries, exits, or position sizing.

Tags

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