Chande paraBOB+

Core Concept:

We integrate the adaptive breakout channel with parabolic accelerating exits to create a powerful indicator that mimics a trading system. This indicator can have infinitely many exits because you can directly set the parameters driving the parabolic exits.

Inputs

Min Length: Minimum channel length (Range: 5-100)

Max Length: Maximum channel length (Range: 10-100)

Min Offset: Minimum offset length (Range: 1-50)

Max Offset: Maximum offset length (Range: 1-50)

LX Max Step: Long exit maximum step size (Range: 0 – 0.6)

LX Ramp Length: Number of bars to ramp up to maximum step size (Range: 10-500)

SX Max Step: Short exit maximum step size (Range: 0-0.6)

SX Ramp Length: Number of bars to ramp to maximum step size (Range: 10-500)

Paint Long?: Show long exit? (Range: 0/1)

Paint Short?: Show short exit? (Range:
0/1)

Usage

The indicator can be used on any charting period and symbol.

Bullish signals are generated above the upper channel and bearish signals below the lower channel.

The exit speed can be fully customized to meet your needs.

Explaining the Intuition

Please review the following:

https://trendspider.com/trading-tools-store/indicators/68a351-chande-breakout-buddy-adaptive-donchian-channel/