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Breakout Candle

This indicator is based the principle of breakout candle. Every candle that breaks out from the cluster may not lead to a rally. There are various factors that determine how a breakout candle will behave. This indicator calculates all those factors to suggest BUY/SELL signal once a breakout happens. This is a universal indicator that can work for all kind of instruments eg stock, currency, oil, crypto etc. This also works in every timeframe.

PARAMETERS

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move = 20

strongCandle = 70

rangeCandle = 15

rangeRange = 1

maxSLPercent = 1.5

numberOfCongestionCandles = 12

numberOfCandlesForExit = 4

buyClr = clrGreen

sellClr = clrRed

lowProbTradeClr = clrBlue

considerTrueRange = true

ignoreLowProbableTrades = true

topLevelFilter = true

noFollowupExit = false

showInnerZones = false

drawCogestionZones = true

referPriceactionRange = true

showSignificantCandles = false

sendAlert = true

checkCandleStrength = false

exitAtOppBreakCandle = false


You can try different inputs as per your trading plan and see what suits best but for default, above parameter values will suffice most of the trading conditions and instruments.

How To Trade

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Whenever an alert comes for trade go ahead with the trade. If the alert mentions, it's a low probable trade you can still go ahead with the trade albeit with low volume or based on your risk apetite.

P.S - The SL it will give is for reference only. You may put the actual SL a good 10 pips below or above it depending on the trade type. Exit the trade when it tells you to exit or an opposite trade signal comes. This will also guide you to trail your SL.


Please do message me once you purchase the indicator. I will share the complete know how of the indicator usage and what different colour signal arrows means.

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Please send me Direct message on MQL5 CHAT after purchasing the Indicator for Training and Installation Support There are some additional files that is important to use with the Indicator . So be sure to contact me after purchasing the Indicator So that I can add you for training and support . If you find any difficulty with installation then send me Direct message here So that I can connect with you via Anydesk or Teamview for the product installation. " Smart Order Block Indicator " to find
Indicador cíclico para negociar y predecir la dirección del mercado. Muestra el comportamiento cíclico del precio en forma de oscilador. Da señales para abrir tratos al rebotar desde los límites superior e inferior del oscilador. En forma de histograma, muestra la fuerza suavizada de la tendencia. Complementará cualquier estrategia comercial, desde scalping hasta intradía. El indicador no se vuelve a dibujar. Adecuado para su uso en todos los símbolos/instrumentos. Marcos de tiempo adecuados p
Full Forex Market View Dashboard
Opengates Success International
5 (2)
VISTA COMPLETA DEL MERCADO FOREX Indicador del tablero Este es un indicador personalizado creado para brindar a los comerciantes una visión completa de lo que está sucediendo en el mercado. Utiliza datos en tiempo real para acceder al mercado y mostrar toda la información necesaria para realizar transacciones exitosas. INSTALACIÓN: Antes de adjuntar este indicador a su gráfico de ventana, vaya al panel Market Watch de su MT4 y OCULTE todos los pares de divisas que no necesita ni opere y
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This indicator is based on the Weis wave principle of wave volume. Below are few features of the indicator It draws the wave on the chart while the accumulated volume per wave in a different window at the bottom of the chart You can configure the turning point move It displays the accumulated volume (in thousands, eg for 15000 volume it will show 15) at the end of each wave You can also configure to show number of candles in the wave along with the wave volume The indicator calculates the distin
Please follow the "How To Trade" instructions exactly for best results Wycoff theory is vastly used by institutional traders but when it comes to retail traders the concept isn't well understood by most. It is even more difficult to implement in intraday & swing trading. This No REPAINT indicator helps you in analyzing the market cycles and plots buy/sell signals at the start of trending phase. It studies the market strength of bulls and bears and does a effort Vs reward matrix calculation befor
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