Long Entry:

C > AVGH30 AND ATR30 > XAVG(ATR30, 5)

Long Stop Loss:

AVGL30

Short Entry:

C < AVGL30 AND ATR30 > XAVG(ATR30, 5)

Short Stop Loss:

AVGH30

I really don't know how the following is used, but it is mentioned in the section about Exit Position (so you can make your own conclusions).

ATR14 < XAVG(ATR14, 4)

Yeah, hopefully he/she's a better trader than a writer, but ATR14 < XAVG(ATR14,4)is actually the exit signal. (You already covered the stops.) There's "also" an optional "aggressive Target Profit" exit recommended - no idea what that is because I wasn't really interested. I like the idea of using range expansion and contraction as part of any entry & exit strategy, though ... so this might not be a total waste of time.

But if you want to talk volatility-channel-breakouts, there's really no need to look any further than Bruce's world-famous TTM Squeeze & Momentum indicator. (I think diceman gets props for the momo part of it, but I digress :)

Long stop loss generating a signal would either be:

L < AVGL30

Or possibly:

C < AVGL30

Short stop loss generating a signal would either be:

H > AVGH30

Or possibly:

C > AVGH30

ATR14 < XAVG(ATR14, 4) does not generate numbers.

Everything works regularly, congratulations and thank you !

Congrats, Bruce.

You're welcome.