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Narrowed breakout channel
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AT-March 2006-5
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Detailed Description
This system narrows the breakout channel slightly to place trades before other traders do. Instead of waiting for price to hit its highest/lowest level in a certain look-back period, the system enters the market on the second highest/lowest point of the past 20 days. It uses two indicators (HighestN and LowestN) to track the nth highest/lowest price during this period.
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