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One to Three Trendline Breakout

5
Note : The slow loading of the indicator issue has been addressed . This new version loads fast and does not slow the platform.

Version 1.3 : We have updated the indicator to include an historical bar scanning option . So instead of scanning all bars in the history (which can make the indicator slow sometimes ) , you can select the maximum number of bars it can scan which can increase the performance and make the indicator faster.


This indicator scans the 1-3 Trendline pattern . The indicator is a 100 % non repaint low risk breakout system. The patterns are formed around swing high and swing lows which make them a low risk pattern with high reward.


PATTERN BACKGROUND

The 1-3 Trendline Breakout pattern is formed by four(4) points which are composed of three (3) primary points and the pattern neck. A trendline is always formed by the point 1 and the neck of the pattern . When price breaks out of the trendline formed , it usually indicates a shift in supply and demand and thus a possible new trend. The 1-3 Trendline Pattern occurs in every market and it is formed by supply and demand. This means the pattern is not limited to forex market only but can also be used to trade commodities are stocks. 


HOW TO USE

1. Spot the pattern when the signal comes up 

2. Make sure the trendline has not been broken before .When this happens in most cases it is usually a false pattern but there are also some successful pattern formed this way. Our advise is if you are going to risk taking this type of pattern , make sure the stop loss/risk level is very small.

3. Trade the signal

4. Close partial profit at a 1:1 risk to reward ratio. This means when price reaches a profit equals to the risk, close out part of the trade and ride out the rest profits.


INPUTs

1. Pattern Period : The pattern are created using zigzag. The pattern period is the zigzag period.

2. Bullish Pattern : Bullish pattern color

3. Bearish Pattern : Bearish Pattern color

4. PopUp Alert : True/false

5. Phone Notification : True/false

6. Email Notification : True/false


FINAL NOTE

Forex is market driven by sentiment and sentiments can change in seconds thus no forex strategy is a 100% profitable . Always trade with discretion , take calculated risks and don't stake what you are not ready to lose . Stay safe and stay green on the pips.


YOU CAN NOW DOWNLOAD FREE VERSIONS OF OUR PAID INDICATORS . IT'S OUR WAY OF GIVING BACK TO THE COMMUNITY !

>>>  GO HERE TO DOWNLOAD



Comentarios 3
tradingforyou
87
tradingforyou 2021.06.20 18:31 
 

Good product, especially for breakout traders

tsomoney
209
tsomoney 2021.06.11 13:33 
 

Excellent Indicator!!!!

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4.91 (295)
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Diego Arribas Lopez
5 (2)
[ Versión MT 5 ] Order Block Indicator MT5 Order Block Indicator MT4 es actualmente el indicador más preciso y personalizable del mercado. Ha sido desarrollado para facilitar el análisis de operativas basadas en Bloques de Órdenes y Zonas de Oferta y Demanda. Estas zonas son posibles puntos de reversión de un movimiento. Order Block Indicator MT4 resalta los bloques de órdenes activos de hasta 4TFs simultáneamente. A su vez, Order Block Indicator MT4 provee de un sistema de alerta visual que
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Guner Koca
5 (2)
Thise indicator is up down v6  comes with tradingwiev pinescript. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView pinescript. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that
Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tra
MonsterDash Harmonic Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for tho
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This indicator scans the 1-3 Trendline pattern . The indicator is a 100 % non repaint low risk breakout system . The patterns are formed around swing high and swing lows which make them a low risk pattern with high reward. PATTERN BACKGROUND The 1-3 Trendline Breakout pattern is formed by four(4) points which are composed of three (3) primary points and the pattern neck. A trendline is always formed by the point 1 and the neck of the pattern . When price breaks out of the trendline formed ,
Channel Vertex is a price action pattern formed by price Chanel and a triangle pattern . Price channels basically indicates possible support and resistance zones around a price movement and retracement    or breakout at these levels can indicate possible trend continuation or reversal .  Majority of the times price fluctuations forms triangle patterns defined by 3 vertexes , these triangle patterns most times defines a trend continuation.  A triangle pattern is a trend continuation pattern tha
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Arhyel Mshelia
348
Arhyel Mshelia 2021.10.08 13:33 
 

El usuario no ha dejado ningún comentario para su valoración

tradingforyou
87
tradingforyou 2021.06.20 18:31 
 

Good product, especially for breakout traders

tsomoney
209
tsomoney 2021.06.11 13:33 
 

Excellent Indicator!!!!

Respuesta al comentario
Versión 2.0 2023.07.22
We did a Bug fix on the old version
Versión 1.9 2023.07.01
Fixed a minor bug in the previous version
Versión 1.8 2022.10.11
We have upgraded the load time to make the indicator work faster and use less computer resources.
Versión 1.7 2021.07.04
Fixed bug in last update
Versión 1.6 2021.07.04
Fixed a bug in the last update
Versión 1.5 2021.07.03
In this version we have hard coded the indicators used into the indicator file. So even if clients don't have the indicators used in their terminal, the indicator will still work perfectly
Versión 1.4 2021.06.30
The Line Display was updated based on a customer request. There is an option to set the Line Display Style Now
Versión 1.3 2021.06.18
We have updated the indicator to include an historical bar scanning option . So instead of scanning all bars in the history (which can make the indicator slow sometimes ) , you can select the maximum number of bars it can scan which can increase the performance and make the indicator faster.
Versión 1.2 2021.04.28
The slow loading of the indicator issue has been addressed . This new version loads fast and does not slow the platform.
Versión 1.1 2020.01.28
The indicator lag issue has been addressed. An history scan limit has been added to aid faster loading on the chart. Also an improvement has been made on the signal arrows plotted on the chart.