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Clear Breakout

99 USD

Demo downloaded: 2

Published: 10 June 2024

Current version: 1.0

Clear Breakout

Indicators
Martin Alejandro Bamonte
Version: 1.0
Activations: 10

The "Breakout Buy-Sell" indicator is designed to identify and highlight potential buy and sell opportunities based on price breakouts during different market sessions (Tokyo, London, and New York). This indicator helps traders clearly visualize buy and sell zones, as well as take-profit (TP) and stop-loss (SL) levels.

Usage Strategy

The indicator can be used as follows:

Initial Setup: Select the market session and adjust the GMT offset.
Market Visualization: Observe the breakout boxes drawn at the beginning of each session. These boxes indicate the highs and lows of the period.
Buy and Sell Signals: A breakout above the box's high is considered a buy signal. A breakout below the box's low is considered a sell signal.
Risk Management: Use the TP1, TP2, TP3, and SL levels to manage positions. TP levels are designed for different profit targets, while SL ensures protection against adverse movements.

Application Strategy

To maximize the use of this indicator, the following strategy is recommended:

London Session: Select the London session and adjust the GMT offset according to your broker's location.
Objective Setting: Define TP and SL based on current market volatility or allow the specific recommendations for each pair.
Active Monitoring: Watch the breakout boxes and wait for buy or sell signals according to market conditions.
Alert Management: Set up alerts to be notified when the price reaches key levels, so you don't have to constantly monitor the chart.

Explanation of External Parameters

Margin: The pip space added to the breakout levels to establish buy and sell zones.
TP1, TP2, TP3: Take-profit levels 1, 2, and 3, respectively.
SL: Standard stop-loss level.
Auto_SL: If enabled, automatically adjusts the SL based on the currency pair.
iSession: Market session selection (1=Asia, 2=London, 3=New York).
GMT_Offset: GMT time offset adjustment.
UK_DST, US_DST: Daylight saving time settings for the UK and US.
NumberOfDays, iMaxNoOfDays: Number of days to consider for calculation and visualization.
SL_GU, SL_GJ, SL_EU, SL_EJ, SL_GBPCHF, SL_USDCHF: Specific SL values for different currency pairs.
ChartHasBlkBgd: Indicates if the chart has a black background to adjust text and object colors.
BoxColor, TradingBoxColor: Colors of the breakout and trading boxes.
Pop_Up_Box: Enable or disable popup alerts.
Alert_Time_Out: Duration of alerts in seconds.
Alert_On_TP1, Alert_on: Enable alerts when TP levels or breakouts are reached.

The "Breakout Buy-Sell" indicator is a powerful tool for identifying trading opportunities based on price breakouts during different market sessions. Its flexible configuration and customizable alerts make it suitable for traders looking to take advantage of daily market fluctuations without constantly monitoring the chart.

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Are you tired of switching between multiple charts to monitor different currency pairs and timeframes? The Pairs and TF Changer indicator is here to revolutionize your trading experience! Once you have loaded all the indicators for your strategy, add the Pairs and TF Changer to the chart. If necessary, you can then adjust its position, colors, or the number of columns it displays! Key Features: Seamless Integration : Integrate this indicator into your trading strategy effortlessly. With jus

55 USD

The "GoTrend Multi-Timeframe" indicator is an essential tool for traders looking for a quick and efficient way to assess the overall and specific trends of a currency pair across different timeframes. This indicator allows traders to gain a clear and comprehensive view of market direction at a glance, optimizing decision-making and enhancing the effectiveness of their trading strategies. Main Features: Multi-Timeframe Analysis: This indicator provides an exhaustive analysis of six different

99 USD

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