The Delayed Channel Breakout Strategy appears to have first originated from an Angus Jackson and later converted to TradeStation by an unknown author
The Delayed Channel Breakout Strategy is an easy to use strategy that buys and sells based on channel breakouts (hence the name). Essentially, just buy when it says buy and sell when it says sell. I always use other indicators to make sure that the Delayed Channel Breakout Strategy is still in check though.
Delayed Channel Breakout Strategy (ELD and Workspace Files)