Platone Breakout SMC
- Индикаторы
- Valentina Stefania Turtoiu
- Версия: 1.0
Platone Breakout SMC - Advanced Trading Indicator
Overview
The Platone Breakout SMC is an innovative and powerful MetaTrader 4 (MT4) indicator designed for traders who seek to capitalize on smart money concepts (SMC) and breakout trading strategies. This indicator provides precision in identifying breakout levels, session times, and profit targets, ensuring that traders can execute well-informed trades with confidence.
Trading Logic
The core of the Platone Breakout SMC is its ability to identify key price levels based on the high and low of a defined time window, also known as the breakout box. This box captures the price action during a specific session, enabling traders to enter the market at critical points where the price is likely to break out. The indicator also adjusts the size of the breakout box based on market conditions, ensuring that trades are only taken when the setup is optimal.
Key Features:
- Session-Based Breakouts: Identifies high and low points during a user-defined time window, marking potential breakout levels.
- Smart Money Concepts: Utilizes concepts like liquidity grabs and smart money traps to provide more accurate breakout levels.
- Adjustable Box Size: Automatically limits the box size to prevent trading in overly volatile or quiet market conditions.
- Multi-Level Profit Targets: Offers multiple take-profit levels based on Fibonacci extensions, allowing traders to manage their trades effectively.
Input Parameters
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Main Settings
- Main_Settings : Label for the main settings.
- Info : Displays the version number.
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Time and Session Settings
- StartTime : Time to start the price establishment window (default: 08:30).
- EndTime : Time to end the price establishment window (default: 12:30).
- SessionEndTime : End time of the daily session (default: 16:30).
- SessionColor : Background color for session periods (default: Linen).
- NumDays : Number of days to look back (default: 200).
- MinBoxSizeInPips : Minimum tradable box size in pips (default: 15).
- MaxBoxSizeInPips : Maximum tradable box size in pips (default: 80).
- LimitBoxToMaxSize : Limits the box size to the maximum allowable (default: true).
- StickBoxToLatestExtreme : Aligns the box with the latest extreme price (default: true).
- StickBoxOusideSRlevels : Positions the box outside support and resistance levels (default: false).
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Reach Settings
- TP1Factor : Multiplier for the first take-profit level (default: 1.000).
- TP3Factor : Multiplier for the third take-profit level (default: 2.618).
- TP5Factor : Multiplier for the fifth take-profit level (default: 4.236).
- SLFactor : Multiplier for the stop-loss level (default: 1.000).
- LevelsResizeFactor : Factor to adjust the box size (default: 1.0).
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Graphics Settings
- HideGrid : Option to hide the grid on the chart (default: true).
- ChartMode : Sets the chart mode (default: Candles).
- bullishColor : Color of bullish candles (default: LightBlue).
- bearishColor : Color of bearish candles (default: SaddleBrown).
- BoxColorOK : Color for the box when conditions are optimal (default: Green).
- BoxColorNOK : Color for the box when conditions are not optimal (default: Red).
- BoxColorMAX : Color for the box when the maximum size is reached (default: Orange).
- LevelColor : Color for the breakout levels (default: White).
- FibLength : Length of Fibonacci retracement (default: 14).
- showProfitZone : Displays the profit zone on the chart (default: true).
- ProfitColor : Color for the profit zone (default: Black).
- MondayFix : Adjusts the session to account for weekend gaps (default: true).
How It Works
- Breakout Box Formation: The indicator identifies the high and low within the specified time window, forming the breakout box.
- Session Marking: The session's start and end times are marked on the chart with a distinct background color, providing clear visual cues.
- Breakout Levels Calculation: The indicator calculates entry points (Buy and Sell) along with multiple take-profit levels based on the box size and specified multipliers.
- Visual Display: All critical levels, including breakout entries, stop-loss, and take-profit levels, are displayed on the chart with customizable colors and styles.
- Profit Zone Display: If enabled, the indicator shows the profit zone for both buy and sell trades, allowing traders to visualize potential gains.
Why Choose Platone Breakout SMC?
- Versatility: Suitable for various market conditions, including trending and ranging markets.
- Customization: Highly customizable to fit individual trading styles and strategies.
- Visual Clarity: Provides clear and intuitive visual indicators, making it easier for traders to make quick decisions.
- Reliability: Developed with robust trading logic and smart money concepts, ensuring accuracy and dependability.
Whether you're a seasoned trader or new to the world of Forex, Platone Breakout SMC offers the tools you need to succeed in breakout trading. Elevate your trading game today with this advanced indicator!
