Virgin Breakout Pro MT5 Indicator
- Индикаторы
- Theo Karam
- Версия: 1.0
- Активации: 10
Virgin Breakout Pro MT5 Indicator
Description:
"Virgin Breakout Pro" is a state-of-the-art MT5 indicator specifically designed to recognize and highlight breakout opportunities based on virgin highs and virgin lows in the financial markets.
Features and Functionality:
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Virgin Highs and Lows Recognition: The core functionality of the Virgin Breakout Pro is to accurately analyze the price action and candlestick patterns to detect potential breakout regions.
- N-Candle Verification (Adjustable): For a virgin high breakout to be valid, the current candle's high should be greater than the highs of the past 'N' virgin highs, where 'N' is the number of candles chosen by the user for verification. Similarly, to confirm a virgin low breakout, the current candle's low should be beneath the lows of the prior 'N' virgin lows, with 'N' being user-selectable. This flexibility allows traders to customize the sensitivity of the breakout confirmation to their preference.
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Anchor Chart Breakout Confirmation: Elevate your trading accuracy with the unique feature of multi-timeframe breakout confirmation. Traders can specify two different timeframes for added verification. By integrating this multi-timeframe analysis, the reliability of breakout signals is significantly enhanced.
Benefits:
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Precision: The Virgin Breakout Pro utilizes sophisticated algorithms to accurately pinpoint breakouts from virgin highs and lows, reducing the likelihood of false signals.
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Customizability: Users can easily tweak the settings to incorporate the Anchor chart breakout confirmation from two timeframes of their preference, making the indicator adaptable to various trading strategies and styles.
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Informed Decision Making: With the detailed insights provided by the indicator, traders are better positioned to make well-informed trading decisions, which can potentially lead to higher profitability.
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User-Friendly Interface: The design of the Virgin Breakout Pro ensures a seamless user experience, complete with easy-to-understand visuals and alerts.
Suitable For All Levels: Regardless of your experience level in trading, be it a newcomer to the financial markets or a seasoned trader, the Virgin Breakout Pro is an invaluable tool that can aid in refining your trading approach, helping you to identify trend reversals and seize potential market opportunities more effectively.
Input Parameters of Virgin Breakout Pro MT5 Indicator
Custom Enumeration for Rate Confirmation:
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HighRates Enumeration:
- BreakOutHighsByClose : Uses close rates for breakout confirmation.
- BreakOutHighsByHigh : Uses high rates for breakout confirmation.
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LowRates Enumeration:
- BreakOutLowsByClose : Uses close rates for breakout confirmation.
- BreakOutLowsByLow : Uses low rates for breakout confirmation.
Anchor Chart Settings:
- AC_TimeFrame : Defines the timeframe for the anchor chart (Default: D1).
- AC_Breakouts : Determines the number of virgin highs or lows required to validate a breakout (Default: 3).
- AC_BreakoutLowRates : Rate selection for confirming low breakouts (Default: BreakOutLowsByClose).
- AC_BreakoutHighRates : Rate selection for confirming high breakouts (Default: BreakOutHighsByClose).
Trading Chart Settings:
- TC_TimeFrame : Sets the timeframe for the trading chart (Default: H1).
- TC_Breakouts : Defines the number of virgin highs or lows required to authenticate a breakout (Default: 5).
- TC_BreakoutLowRates : Rate choice for affirming low breakouts (Default: BreakOutLowsByClose).
- TC_BreakoutHighRates : Rate choice for affirming high breakouts (Default: BreakOutHighsByClose).
Strategy Settings:
- LookBackLimit : The maximum lookback period to determine virgin highs or lows (Default: 100).
Anchor Chart Visual Settings:
- AC_BreakHighsColor : Determines the color of the rectangle that indicates a virgin highs breakout (Default: Gold).
- AC_BreakLowsColor : Chooses the color of the rectangle showcasing a virgin lows breakout (Default: DodgerBlue).
- AC_ShowHighs : Toggles the display of the virgin highs of the current candle (Default: False).
- AC_ShowLows : Toggles the display of the virgin lows of the current candle (Default: False).
- AC_KeepHighs : Determines whether to persistently show virgin highs following a breakout on the chart (Default: False).
- AC_KeepLows : Decides if the virgin lows remain visible on the chart post breakout (Default: False).
Trading Chart Visual Settings:
- TC_BreakHighsColor : Color preference for the rectangle that represents virgin highs breakout (Default: DarkOrange).
- TC_BreakLowsColor : Color setting for the rectangle indicating virgin lows breakout (Default: Aqua).
- TC_ShowHighs : Option to display the virgin highs of the current candle (Default: False).
- TC_ShowLows : Option to showcase the virgin lows of the present candle (Default: False).
- TC_KeepHighs : Option to retain the display of virgin highs after a breakout on the chart (Default: False).
- TC_KeepLows : Choice to maintain the visibility of virgin lows on the chart following a breakout (Default: False).
Chart Candlesticks Visual Settings:
- BullishCandle : Color assignment for bullish candlesticks (Default: Green).
- BearishCandle : Color designation for bearish candlesticks (Default: Red).
These input parameters empower users with comprehensive customization options, ensuring a tailored and effective trading experience with the Virgin Breakout Pro MT5 Indicator.
