Here is a small and simple Oil Break indicator. It runs off the previous days high and low and add a percentage. But it will break out almost everyday and some times a few times. Get some nice runs on it. But Change it have fun with it and see how you can make it better or just use it as it is. I tried to upload a picture but I cant seem to find out how. But here is the code.
declare upper; def y_high = high(period=aggregationperiod.day); def y_low = low(period=aggregationperiod.day); def y_range = y_high-y_low; def d_open = open(period=aggregationPeriod.DAY); plot upper = d_open+(.25*y_range); plot lower = d_open-(.25*y_range); #########