False Breakout Indicator
Basic Indicator
The 'Trendline Breakout' indicator helps traders capture breakout opportunities by combining trendlines with volume and candles patterns for confirmation, offering a highly reliable way to make profitable trades.
Intermediate
false breakout
reversal
$99.00
Key Features
- Best quality trade signal (Big Movement)
- Big Time Frame (4-hour only) - draw at daily 0.618 or S&R
- Take Profit at lowest bottom, or play moving stop loss
- Limited Signal (Suggest to set at both, normally at least one will have this signal)
References Indicator
Visible Range (VPVR), Fibonacci, and any Support and Resistance Indicator
How to Use
Big Time Frame Reversal:
- Always draw at 4-hour wick
- Suggest drawing 2 wicks
Recommended Settings
Default Settings:
Stop Loss Settings Option 1 - To optimize win rate: Wick + 1%
Alternative Settings:
Stop Loss Settings Option 2 - To optimize risk-reward: Line + 1%
Small Time Frame Reversal (Against Trend):
- Can be used to play small timeframe reversals as well
- Draw using 4-hour wick
- Use 1-hour to set alert
- Take Profit at 1-hour VPVR zone/0.382 or 0.618
$99.00