Sale!

Base Breaking Indicator v2 Series (auto-renew)

From: $35.00 / month for 12 months

Choose any of the following auto-renewing subscription plans for any of the version 2.x releases:

  • Monthly at $35/month
  • Every 3 months at $30/month
  • Every 6 months at $27.50/month
  • Yearly at $25/month
Clear

SKU: N/A Category:

The indicator is based on a popular price action strategy by Luc Thomas (Quickfingers Luc on YouTube 👡).Β  His career in traditional markets led him to formulate a strategy that revolves around price action movements that reveal “bases”.Β  For instance, bases are price levels of support that have a significant, rapid price surge called “bounces”.Β  Once a base is revealed, Luc will reference the price level and create entry positions below the base.Β  Luc will monitor price action in anticipating of a base breakdown where price action rapidly drops below the base level.Β  The entries use a layering technique of dollar-cost averaging to place multiple limit orders at various price levels below the base.

Documentation

You can find the documentation here.Β  Also, we have a YouTube video that provides an overview of the indicator as well.

How do the versions compare?

This indicator has several releases in the version 2 series:

  1. Version 2.0: https://www.tradingview.com/script/xADlbY2U-Quickfingers-Luc-s-Base-Breaking-Indicator-v2/ 👡
  2. Version 2.1: https://www.tradingview.com/script/rcD5obBp-Quickfingers-Luc-s-Base-Breaking-Indicator-v2-1/ 👡
  3. Version 2.2: https://www.tradingview.com/script/ROlSJZKq-Quickfingers-Luc-s-Base-Breaking-Strategy-v2-2/ 👡
  4. Version 2.3: https://www.tradingview.com/script/Ocx7ofZW-Quickfingers-Luc-s-Base-Breaking-Strategy-v2-3/ 👡
  5. Version 2.4: https://www.tradingview.com/script/uo5LgrFb-Quickfingers-Luc-s-Base-Breaking-Strategy-v2-4-0/ 👡
  6. Version 2.5: https://www.tradingview.com/script/9tumzHlX-Quickfingers-Luc-s-Base-Breaking-Strategy-v2-5-0/ 👡

Below is a features table showing the significant changes introduced between the versions.

Feature2.02.12.22.32.42.5
Number of Bars for Drop/Bounceβœ”βœ”βœ”βœ”βœ”βœ”
Minimum Price Drop/Bounce %βœ”βœ”βœ”βœ”βœ”βœ”
Volume Confirmationβœ”βœ”βœ”βœ”βœ”βœ”
Percent Deviation for New Basesβœ”βœ”βœ”βœ”βœ”βœ”
Maximum Number of Cracks Allowed Per Baseβœ”βœ”βœ”βœ”βœ”βœ”
Trade concludes at baseβœ”βœ”βœ”βœ”βœ”βœ”
9 DCA Layers with layer crossing shapesβœ”βœ”βœ”βœ”βœ”βœ”
Fractal pattern recognition algorithm changed to pivotlow() functionβœ”βœ”βœ”βœ”βœ”
Option to anchor base price to low or low(open, close)βœ”βœ”βœ”βœ”βœ”
Option to define maximum number of bars to remain in tradeβœ”βœ”βœ”βœ”βœ”
Options to showing layer lines never, always, or only when in tradeβœ”βœ”βœ”βœ”βœ”
Lookback period settingsβœ”βœ”βœ”βœ”βœ”
Renamed “Median Drop” and “Median Bounce” to “Mean Drop” and “Mean Bounce”βœ”βœ”βœ”βœ”
New “Mean Bars in Trade” data point to the data windowβœ”βœ”βœ”βœ”
New strategy version of the indicatorβœ”βœ”βœ”βœ”
Improved script performanceβœ”βœ”βœ”
New options to define a take profit percentage and exchange commissionsβœ”βœ”βœ”
New Take Profit plot lineβœ”βœ”βœ”
New Next Base plot lineβœ”βœ”βœ”
New “Activate Take Profit After This Layer Is Cracked” settingβœ”βœ”βœ”
New “Activate Break Even After This Layer Is Cracked” settingβœ”βœ”βœ”
New “Stop Loss Percentage After Last Layer” settingβœ”βœ”βœ”
New “Any Layer Cracked”, “Any Layer Respected”, “Base or Any Layer Cracked”,
“Base or Any Layer Respected”, and “Next Base Created” alerts
βœ”βœ”βœ”
New “Start Hour” and “Start Minute” inputs to look back periodβœ”βœ”βœ”
Fractal pattern recognition algorithm changed to ignore the high price of the pivot low barβœ”βœ”
Added “Adjust Take Profit At Layer # Cross” inputsβœ”βœ”
Removed “Activate Take Profit After This Layer Is Cracked” and
“Activate Break Even After This Layer Is Cracked” inputs
βœ”βœ”
Removed “Exchange Buy Commission” and “Exchange Sell Commission” inputsβœ”βœ”
Added Stop Loss Percentage with plot lineβœ”βœ”
Added “Stop Loss Crossed” and “Take Profit Crossed” alertsβœ”βœ”
Added “Entry Position Size” and “Position Size Multiplier” inputsβœ”βœ”
Converted script to version 4 of Pine Scriptβœ”
Added “Override Minimum Tick Precision” and
“Method To Adjust Prices To Minimum Tick Precision” inputs
βœ”
Added a new “STATISTICS” label at the last bar to show numerous statisticsβœ”
Changed default valuesβœ”
Removed the use of “barstate.isconfirmed” to avoid TradingView repaint warning when creating alerts.βœ”
Removed alerts due to number of objects on chart limitation: “Next Base Created”,
“Any Layer Cracked”, “Any Layer Respected”, “Base or Any Layer Cracked”,
and “Base or Any Layer Respected”
βœ”
Replaced “Start Year/Month/Day/Hour/Minute” with the new single date/time input
called “Trade Start Date/Time”
βœ”
Adding “Statistics Label Number Of Bars Offset” inputβœ”
Added “Enable Trade Eligibility Condition” inputsβœ”
Added “Background Color”, “Text Size”, and “Text Color” inputs for Statistic Label stylingβœ”
Replaced the “Layer # Cross” plot shapes with label objectsβœ”

Send me an email when this page has been updated

Subscription Option

Monthly, 3 Months, 6 Months, Yearly

Reviews

There are no reviews yet.

Only logged in customers who have purchased this product may leave a review.

You may also like…