Valid H/Ls

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Overview
Advanced breakout indicator that identifies valid high and low levels with statistical performance analytics. Features confirmation systems, visual customization, and historical MFE/MAE analysis to help traders identify high-probability setups.
Key Features
📈 Smart Breakout Detection

Automatically identifies confirmed valid high/low breakout levels
Shows potential setups before confirmation with different styling
Filters setups using institutional order flow (I/O) signals

🎯 Visual Display

Dynamic Lines: Full extension or shrinking previous lines for cleaner charts
Color Coding: Customizable colors for highs (red) and lows (green)
Confirmation Candles: Highlights breakout confirmation with custom colors
Background Boxes: Optional zone highlighting around valid levels

📊 MFE/MAE Analytics

Multi-Timeframe: 1-hour and 3-hour performance analysis
Historical Data: Analyzes 10-500 past setups for profit/risk statistics
Profit Targets: MFE lines show typical profit potential
Risk Levels: MAE lines indicate common drawdown zones

How to Use

Green = Bullish: Valid low breakout levels
Red = Bearish: Valid high breakout levels
Solid Lines: Confirmed setups ready for trading
Dashed Lines: Potential setups awaiting confirmation
Use Analytics: MFE for profit targets, MAE for stop loss placement

Key Settings

Show Valid Highs/Lows: Toggle breakout level display
Only Show with I/O Prints: Filter for institutional signals only
Line Display Mode: Choose full extension or shrinking lines
Show MFE/MAE Analytics: Enable statistical overlays
Analytics Lookback: Set number of historical setups to analyze (10-500)
Timeframe Options: Toggle 1-hour and 3-hour analytics

Best Practices

Wait for solid line confirmation before entries
Use MFE analytics for realistic profit targets
Use MAE analytics for appropriate stop losses
Combine multiple timeframe analytics for better context
Always apply proper risk management

Technical Notes

Works on all timeframes and markets
No repainting once confirmed
Analytics update dynamically with new data
Optimized for breakout trading strategies

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Versionshinweise

updated so the confirmation lines shows on the candles