R1 Resistance Breakout (0.5% Buffer)

Bullish: R1 Resistance Breakout - Clearing First Pivot Resistance\n\nSTRATEGY DESCRIPTION:\nDetects when price breaks above the R1 (First Resistance) pivot level by 0.5%. R1 is calculated using standard pivot point formula based on previous day's high, low, and close. Breaking R1 indicates strong bullish momentum.\n\nCORE LOGIC (Step by Step):\n\nSTEP 1: Calculate Pivot Point (PP)\nPP = (Previous Day High + Previous Day Low + Previous Day Close) / 3\n\nSTEP 2: Calculate R1 (First Resistance)\nR1 = (2 × PP) - Previous Day Low\n\nSTEP 3: Check Breakout with 0.5% Buffer\nIF current_price > R1 * 1.005:\n → R1_RESISTANCE_BREAKOUT DETECTED!\n\nSTEP 4: Calculate Breakout Distance\ndistance = ((current_price - R1) / R1) × 100\n\nEXAMPLE:\nPrevious Day: High=1050, Low=1000, Close=1020\nPP = (1050 + 1000 + 1020) / 3 = 1023.33\nR1 = (2 × 1023.33) - 1000 = 1046.67\n\nCurrent Price = 1052.00\nR1 × 1.005 = 1051.90\n1052.00 > 1051.90 → R1 BREAKOUT!\n\nWHY THIS MATTERS:\n- R1 is a key resistance level used by institutional traders\n- Breaking above R1 with 0.5% buffer shows strong bullish momentum\n- Often leads to continued upside movement\n- Works well for breakout trading strategies\n\n[CHANGED: Added 0.5% breakout buffer]