Confirmed Break

Confirmed Break checks if the price breaks another price level and waits for the break to confirm. If the close price gets above a certain price level and the body of the next candle remains above that level, it is a confirmed break up. Similarly, if the price gets under a price level and the body of the next candle remains under that level, it is a confirmed break down. The inputs of this function are:

• Timeframes: The timeframe(s) in which the function is applied

• Feature: The level the price is checked against

• Output Column Name(s): The name given to the column that stores the result

Example

To check whether the price breaks sma 30, you can use the Confirmed Break function as is shown in the figure below:

samples of confirmed break up and confirmed break down are shownw with green and read squares, respectively.