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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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Kirill Borovskii
5 (1)
This indicator is based on the mathematics of the great trader W.D. Ganna. With its help, you can easily find strong levels by analyzing swings to find the optimal entry point. The indicator works on all instruments and all timeframes. The indicator is fully manual and has control buttons. All you need to do is press the NEW button, a segment will appear, which you can place on any movement, swing or even 1 candle that you want to analyze. By placing the segment, press the OK button. A grid (th
The indicator of a Professional Trader is an arrow indicator for predicting the direction of price movement. I have been working on this indicator since 2014. You can use this indicator as your main indicator, use its entry signals, and use it as your only indicator to find entry points. About the product: Recommended TF [H4-D1-W1]   . The indicator predicts the direction of the next candle. Fits a variety of tools; Flexibility in settings for different instruments and intervals through the
Liquidity Pro The Liquidity Pro pin points liquidity zones in any financial instrument, including currency pairs, cryptocurrencies, commodities, equities and indices. The Liquidity Pro shows previous and current liquidity zones, down to the present minute, providing essential information about your chosen trading pair, when conducting chart analysis or initiating trades. Remember each trading pair requires a different price separation value for M5, M15 and M30 Tally, to provide accurate data. Y
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Weis Wave Indicator
Dhabaleswar Prasad Jena
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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