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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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This indicator identifies and displays zones, as it were areas of strength, where the price will unfold. The indicator can work on any chart, any instrument, at any timeframe. The indicator has two modes. The indicator is equipped with a control panel with buttons for convenience and split into two modes. Manual mode: To work with manual mode, you need to press the NEW button, a segment will appear. This segment is stretched over the movement and the LVL button is pressed. The level is displayed
Hello Dear Trader, Today Im Telling You About The "Golden Scalp System V1 " Metatrader4 Golden Scalp System Scalper with EMA   This is a  Scalper strategy   based on ( Exponential moving average) EMA . Time frame: H1 Pair: EUR/USD, GBP/USD,AUD/USD XAU/USD Platform Mt4   Indicators for Scalper with Ema: 300  EMA (Exponential Moving Average) ; 500 EMA (Expontial Moving Average); Stochastic   (5,3,3)   Long Entry 1) 300  EMA   > 500  EMA . 2) Find significant levels of support. 3) Wait for the c
Full Forex Market View Dashboard
Opengates Success International
5 (2)
TAM FOREX PİYASASI GÖRÜNÜMÜ Pano Göstergesi Bu, Yatırımcılara piyasada neler olup bittiğine dair tam bir görüş sağlamak için oluşturulmuş özel bir göstergedir. Piyasaya erişmek ve başarılı ticaret yapmak için gereken her türlü bilgiyi görüntülemek için gerçek zamanlı bir veri kullanır. KURULUM: Bu Göstergeyi pencere grafiğinize eklemeden önce, MT4'ünüzün Piyasa İzleme paneline gidin ve ihtiyaç duymadığınız veya ticaret yapmadığınız tüm Döviz çiftlerini GİZLEYİN ve geri kalanını orada bırakın.
The Nihilist 5.0 Indicator includes Forexalien and Nihilist Easy Trend trading strategies and systems. It is composed of an MTF Dashboard where you can analyze the different input possibilities of each strategy at a glance. It has an alert system with different types of configurable filters. You can also configure which TF you want to be notified on your Metatrader 4 platform and Mobile application The indicator has the option to view how could be a TP and SL by using ATR or fixed points, even w
PZ Harmonacci Patterns
PZ TRADING SLU
3.17 (6)
Trade smarter, not harder: Empower your trading with Harmonacci Patterns This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic pric
EARLY REMINDER: The Starting price is 65 price will rise soon up to 365$ and then 750$ after first 10 copies of sales. Grab this offer now! Introduction Hello, traders! Welcome to the demonstration of the Forex Beast Indicator , a comprehensive tool designed to assist aspiring traders in navigating the complexities of the forex market. This indicator incorporates seven essential components to provide a well-rounded trading experience: Moving Averages Colored Zones Support and Resistance Levels
Bu, Breakout ve FIBONACCI seviyelerine dayanan basit bir stratejidir. Bir kopuşun ardından, ya piyasa doğrudan 161, 261 ve 423 seviyelerine doğru ilerlemeye devam ediyor veya %50 seviyesine geri döner (düzeltme olarak da adlandırılır) ve ardından büyük olasılıkla başlangıç yönünde 161, 261 ve 423 seviyelerine doğru harekete devam eder. Sistemin anahtarı yeşil (YUKARI TREND) veya kırmızı (AŞAĞI TREND) dikdörtgen nesneyle gösterilen kırılma çubuğunun tespitidir. Kırılma anında fibonacci hede
[V 1.00] MTF NRPA 5 RSI RTD yayınlandı! Yeniden boyanmayan ok gerçek zamanlı pano. Çeşitli RSI göstergelerini kullanmaktan sıkıldıysanız ancak bunların hatalı olduğunu düşünüyorsanız, bu aracı deneyin. Genellikle insanlar bir zaman diliminde OBOS seviyesini belirlemek için yalnızca 1 RSI kurarlar. Kötü haber şu ki, aynı anda çeşitli zaman dilimlerinde OBOS seviyelerini ve trendlerini göremiyorsunuz. Bu ticaret aracını bu yüzden geliştirdim. İşte nasıl açıklandığı: Bu ticaret aracında beş RS
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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
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
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