Breakout + Volume + HH/LL (Clean labels TP1-3)

Breakout + Volume + HH/LL Strategy (Clean Labels)

This strategy combines breakout confirmation, volume strength, and market structure (Higher Highs / Lower Lows) to identify high-probability trade setups.

Breakout Filter: Uses a Donchian channel to detect price breakouts above resistance or below support.

Volume Confirmation: Requires volume to exceed the moving average of volume by a chosen multiplier, filtering out weak or false breakouts.

Market Structure: Long trades are only allowed if a Higher High (HH) has formed, and short trades only if a Lower Low (LL) has formed.

Trade Execution Rules:

For BUY trades: Entry at breakout, stop loss (SL) below the last pivot low, and three take profits (TP1–TP3) based on configurable risk-reward ratios.

For SELL trades: Entry at breakout, stop loss above the last pivot high, with TP1–TP3 levels set symmetrically below the entry.

Labels on Chart:
Each signal is marked with a clean label showing only:

Trade direction (BUY or SELL)

Entry price

Stop Loss

TP1, TP2, TP3

This makes the chart uncluttered while still providing all key trade information for execution or backtesting.