NVME Breakout Detector

8. Juli 2021

Main Description:
NVME Breakout Detector is an indicator designed for breakout traders that helps those traders simplify trading through saving their time by automatically finding appropriate high and low zones on the chart for the trader. The indicator also provides the user with alerts of newly printed zones and zones that were broken through giving a trader the confirmation to stay in a trade longer or perhaps to find a new trade position following the trend that is shown.

How To Use It?
This is a beginner and user friendly indicator that is simple to follow, firstly the user should add this script on to their charts, secondly they will see 2 generated zones (the high being in red and the low being in green), once the user identifies those zones, the user should wait for price to close past those zones to get the idea that price may want to continue in that direction.

Settings:

• Use Higher Accuracy Method - This will add another condition into the zone detection algorithm causing the indicator to detect less zones but these zones will be better for accuracy.
  
• Use Bar Close - This will add another condition into the breakout calculator and alerts, which will force the indicator to wait for the bar to close before any confirmations can take place.
  
• Show Breakout History - This will print all the previous zones and labels for the asset you are on.
  
• Show Breakout Labels - This will show the breakout labels next to each zone and allow the user to see how many times that zone has been broken through or if it hasn't been broken through.
  

Supported Assets: All Assets Supported
Will This Come With Other NVME Scripts? Yes