https://toptradetools.com/learn-more-ultimate-breakout-with-multiple-exit-hedge-fund-technology/

1 INDICATOR EX4

Below is a brief description of each strategy parameter:

BuyorSell – Set the TOP Ultimate Breakout to Buy Mode or Sell Mode by entering the following:

            “Buy” or “buy” or “B” or “b” – Sets Ultimate Breakout to Buy Mode

            “Sell” or “sell” or “S” or “s” – Sets Ultimate Breakout to Sell Mode

Recommended Default: “Buy” or “Sell”

Possible Values: “Buy” or “buy” or “B” or “b” or “Sell” or “sell” or “S” or “s”

BuyEntry (Buy Mode Only) – This sets the lookback period for your Buy Breakout Entry Signal.  If this value is set to 1, then the TOP Ultimate Breakout would enter a Buy or Long position when the market breaks above the high of the previous price bar.  If this value is set to 5, then the TOP Ultimate Breakout would enter a Buy or Long position when the market breaks above the highest high for of the previous 5 price bars.

Recommended Default: 3

Recommended Range: 1 – 5

SellEntry (Sell Mode Only) – This sets the lookback period for your Sell Breakout Entry Signal.  If this value is set to 1, then the TOP Ultimate Breakout would enter a Sell or Short position when the market breaks below the low of the previous price bar.  If this value is set to 5, then the TOP Ultimate Breakout would enter a Sell or Short position when the market breaks below the lowest low for of the previous 5 price bars.

Recommended Default: 3

Recommended Range: 1 – 5

BuyExit (Buy Mode Only) – This sets the lookback period for your Buy Trailing Stop Exit.  This works similar to the SellEntry setting in that it references previous bar lows, but it uses a slightly different algorithm designed specifically for the Trailing Stop.

Recommended Default: 20

Recommended Range: 5 – 100

SellEntry (Sell Mode Only – This sets the lookback period for your Sell Trailing Stop Exit.  This works similar to the BuyEntry setting in that it references previous bar highs, but it uses a slightly different algorithm designed specifically for the Trailing Stop.

Recommended Default: 20

Recommended Range: 5 – 100

TargetATRMult – This sets the distance between your breakout entry signal and your Profit Targets.  The larger the number, the further away your Profit Targets will be from your entry signal line.

Recommended Default: 1

Recommended Range: 0.5 – 3

DisplayLines – Set this to True to display the Entry and Profit Target Lines or False to not display these lines.

Recommended Default: True

Possible Values: True of False

BuyEntryColor – Sets color of the Buy Entry Dashed Line.  Set this to any platform color. (Default Green)

SellEntryColor – Sets color of the Sell Entry Dashed Line.  Set this to any platform color. (Default Red)

ExitStopColor – Sets color of the Trailing Stop Line.  Set this to any platform color. (Default Blue)

Target1Color – Sets color of the Profit Target #1 Line.  Set this to any platform color. (Default Yellow)

Target2Color – Sets color of the Profit Target #2 Line.  Set this to any platform color. (Default Magenta)

EntryPriceColor – Sets color of the Entry Price Line.  Set this to any platform color. (Default White)

Price Digits – Sets the significant digits for the prices displayed next to your lines.  (Stocks Default: 2, FOREX Default: 4)