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Super Breakouts Monitor

Breakouts with strong momentum are challenging to catch. The purpose of the Super Breakouts Monitor is to identify such market conditions. This indicator is inspired by a concept from renowned Technical Analyst Tushar Chande, who combines two highly adaptive indicators, VIDYA and the Dynamic Momentum Index (both his creations), to capture the early stages of a successful breakout. At Minions Labs, we've added our unique enhancements to adapt these great ideas for modern markets like stocks, cryptocurrencies, indices, forex, and more.


WHY SHOULD I CARE about the Super Breakouts Monitor?

If you're a trader who loves a good breakout, this indicator provides early-stage signals.

Initially designed for Swing Trading in stocks, feedback from trader colleagues has shown that, with proper calibration, this indicator is versatile across various asset classes.

At Minions Labs, we allow you to test everything for free before committing any funds. We pride ourselves on our high ranking in the MQL5 ecosystem, thanks to our dedicated customer base and their enjoyment of our products worldwide. Our motto: Just Try It! For Free! No obligations! No Strings Attached! Experience the power of Minions Labs indicators.


HOW DOES THE Super Breakouts Monitor WORK?

The indicator uses a variable-length moving average called VIDYA, along with the Dynamic Momentum Index, an oscillator. This combination excels in identifying breakouts by adapting quickly to asset volatility. Additionally, we have integrated a 'BAND' feature adjustable via a percentage range, allowing full calibration for any asset. This feature helps visualize and capture potential breakouts, filtering out non-trending movements.

We have also incorporated a Trend Filtering tool, the Hull Moving Average, to add an extra layer of protection to your trades by ensuring you trade with the trend.

HOW TO "READ" the Super Breakouts Monitor

  • No indicator or trading system is perfect; always use basic Price Action as a backdrop for your trading decisions, such as significant support and resistance areas.
  • After calibrating the indicator, breakout signals will be indicated by highlighted candles. It’s important to note that using the CLOSE price may cause repaints; to ensure accuracy, wait for the candle to close before taking action.
  • Leverage your knowledge about the asset you are trading to adjust the indicator's settings according to your risk preference.


Super Breakouts Monitor CALIBRATION PROCESS

Calibration begins with the VIDYA indicator. This variable-length moving average responds dynamically to volatility, helping to 'hug' the common peaks and valleys of the asset's price action closely but not excessively. For a practical demonstration, please refer to the linked video.

The Dynamic Momentum Index, better suited for spotting imminent breakouts than traditional indicators like the RSI, can be adjusted for overbought (70%) and oversold (30%) thresholds to fit your trading style. For step-by-step calibration, download our free Colored Dynamic Momentum Index from the MQL5 market.

The final component in our system, the Hull Moving Average, provides rapid and smooth feedback on trend direction, aiding in decision-making about trade direction. Its settings can be adjusted or disabled as needed to match your trading strategy.


ASSETS CALIBRATION OF the Super Breakouts Monitor

Here are examples of settings for different assets, which you should adjust to fit your trading style and needs:


AMD (Advanced Micro Devices) - Daily Chart

  1. VIDYA - CMO Period: 15 / EMA: 7 / Shift: 0 / Band Size: 3%.
  2. DMI Period: 35 / Min: 5 / Max: 30 / StdDev: 5 / Smooth: 10 / Overbought: 70 / Oversold: 30.
  3. Hull Filtering: ON / Period: 150 / Price: CLOSE.


BTCUSD (Bitcoin) - Daily Chart

  1. VIDYA - CMO Period: 15 / EMA: 7 / Shift: 0 / Band Size: 3%.
  2. DMI Period: 35 / Min: 5 / Max: 30 / StdDev: 5 / Smooth: 10 / Overbought: 70 / Oversold: 30.
  3. Hull Filtering: ON / Period: 100 / Price: CLOSE.


EURUSD (Euro USD FX) - Daily Chart

  1. VIDYA - CMO Period: 15 / EMA: 5 / Shift: 0 / Band Size: 0.3%.
  2. DMI Period: 20 / Min: 5 / Max: 20 / StdDev: 5 / Smooth: 10 / Overbought: 70 / Oversold: 30.
  3. Hull Filtering: ON / Period: 100 / Price: CLOSE.


Didn't Find a Feature You Need?

No product is perfect for everyone. If there's a feature you need that you can't find, please reach out to us. We value your feedback!


About Us

Flavio Jarabeck is the owner of MinionsLabs.com, dedicated to enhancing the skills and knowledge of professional traders with advanced trading robots and indicators, enabling them to explore new strategies in various markets and assets.

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PTS - Buscador de Compras por Divergencia de Precision Trading Systems El Buscador de Divergencias de Precisión fue diseñado para encontrar los mínimos del mercado con una precisión milimétrica y lo hace con frecuencia. En el análisis técnico, la habilidad de identificar mínimos generalmente es mucho más fácil que identificar máximos, y este elemento está diseñado precisamente para esa tarea. Después de identificar una divergencia alcista, es prudente esperar a que la tendencia se vuelva al
GannRS Trend Scalper   GannRS is an advanced trading tool based on Gann Law and Supports and Resistances. designed to have an   active trading at any time not lagging Indications are given at the beginning of a new candle Please watch the full tutorial video. How to use GannRS Very easy to set up... Put it on your chart Adjust inputs Inputs Show Resistance and support : [bool]  true = Shows R/S on chart false = does not show Show Levels :[bool]  true = Shows levels on the chart false = doe
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4.5 (14)
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Contact me for instruction, any questions! Related Product:  Gold Trade Expert MT5 Introduction The breakout and retest strategy is traded support and resistance levels. it involves price breaking through a previous level.  The break and retest strategy is designed to help traders do two main things, the first is to avoid false breakouts. Many false breakouts start with a candlestick that breaks out of a level but ends with an immediate candlestick that brings the price back into the level. T
¿Está buscando un potente indicador de compraventa de divisas que pueda ayudarlo a identificar oportunidades comerciales rentables con facilidad? No busque más allá de Beast Super Signal. Este indicador basado en tendencias fácil de usar monitorea continuamente las condiciones del mercado, buscando nuevas tendencias en desarrollo o saltando sobre las existentes. Beast Super Signal da una señal de compra o venta cuando todas las estrategias internas se alinean y están en 100% de confluencia entre
Was: $249  Now: $99   Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using. Inspired by Jim Dalton’s book “Mind Over Markets”, this indicator is designed to suit the
FxaccurateLS
Shiv Raj Kumawat
WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them!
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance,   HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure
[ MT4 Version ] Only the next 10 units at current price! Final price: $299 Are you tired of spending months on demo or live accounts to test your trading strategies? The Backtesting Simulator is the ultimate tool designed to elevate your backtesting experience to new heights. Utilizing Metatrader historical symbol information, it offers an unparalleled simulation of real market conditions. Take control of your testing speed, test ideas quickly or at a slower pace, and witness remarkable improve
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Versión 1.1 2024.04.22
:: Bugfix on alerting on Candle CLOSE.