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BOX Breakout Trading

5

A new box will be added, if the closing price is higher than the maximum (lower than the minimum) of the current box series no less than for the specified value.

Reversal will be made, if the closing price is higher (lower) than the last box on a value no less than the specified.

This is a trend indicator and it can be used as an alternative for the trend definition instruments which use averaging.

Reviews 1
Rafal Krzysztof Manuszewski
2285
Rafal Krzysztof Manuszewski 2024.10.08 19:51 
 

dobry

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Color Candle Indicator. The indicator implements a breakout system using the channel. When price exits the gray channel, the candlestick color changes to the color corresponding to trend direction. Blue for growth, yellow color for fall. Bright colors denote coincidence of trend direction and direction of a candlestick. Dark colors correspond to the situation when the direction of a candlestick is opposite to trend.
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This indicator is used to identify key levels where the trend in price has a greater probability of halting and possibly changing direction. Interpretation of the degree of significance of a level depends on a trader's time frame. It is great to see how the prices respect each level of this support and resistance. This Indicator works for me very well. If you have good knowledge of Price Action then you can make profitable trades with this indicator. If candle take support or resistance on any o
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Rafal Krzysztof Manuszewski
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Rafal Krzysztof Manuszewski 2024.10.08 19:51 
 

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