Breakout Candle

(2 customer reviews)

FREE

Version: 3.2.3.0

(Downloads - 654)

Categories: ,

A candlestick pattern that repeatedly occurs in all markets, the price goes in tight flat range and then boom! a huge and very fast breakout happens.

This pattern allows traders to catch a huge move in a short period of time with high accuracy, this indicator recognizes this pattern.

We developed a model based on variation in previous bars highs and lows for recognizing flat areas in the chart for this indicator.
After indicator founds a flat area it waits for a candlestick that breaks highs or lows of all bars inside that flat area and when the break happened indicator plots a dot below or on top of that candle that will signal a completed breakout candle pattern.

Most of the time the indicator signal outcome is a huge and fast price move in direction of the breakout.

Since version 3.1 the indicator also consider the bar bearish/bullish volume amount, the breakout bar bearish or bullish volume must be more than 60% of total bar volume to be considered as a valid breakout bar, it uses ourĀ “Advanced Volume” indicator to get the bars volume data.

Features

  • Popup, sound, Telegram and email alert
  • Easy to set up with just two parameter
  • Works on all markets

2 reviews for Breakout Candle

  1. Muhammad Harris Sufian

    Why does it require unlimited access rights when installing? Can you please explain this?

    • Ahmad Noman Musleh

      For showing alert popup and saving alerts it needs file access, for checking for new version updates it needs internet access so that’s why the indicator requires unlimited access

  2. amit

    can it be used on mt4 ?

    • Ahmad Noman Musleh

      No, only cTrader.

Only logged in customers who have purchased this product may leave a review.

Version 3.2.3.0

Release Date: April 24, 2020

Added: Now you can enable/disable update message

Version 3.2.2.0

Release Date: March 23, 2020

Removed: Stats

Changed: Alert library updated

Changed: Updated to latest cTrader automate API

Version 3.2.1.0

Release Date: June 20, 2019

Changed: Stats code updated

Version 3.2.0.0

Release Date: May 30, 2019

Added: Testing system

Changed: Updated alert library

Version 3.1.0.0

Release Date: October 24, 2018

Added: Checking bar bearish/bullish volume by using Advanced Volume indicator

Changed: Alert library

Version 3.0.0.0

Release Date: June 04, 2018

Changed: Flat area founding algorithm

Changed: Alert library

Removed: Time and all technical indicators based filters

Version 2.0.2.0

Release Date: October 25, 2016

Added: New candle body filter method based on percentage.

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