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Box Breakout
An indicator that involves "breaking boxes" could refer to a box breakout strategy, often used to identify price consolidations and subsequent breakouts. Here's how it works:
Box Breakout Indicator
What is it? A box breakout strategy involves identifying a range-bound price movement (a consolidation phase) that forms a "box" on the chart. The price moves within a defined high and low range for a period of time, creating the top and bottom edges of the box.
Box Breakout Indicator
What is it? A box breakout strategy involves identifying a range-bound price movement (a consolidation phase) that forms a "box" on the chart. The price moves within a defined high and low range for a period of time, creating the top and bottom edges of the box.
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