PROTECTED SOURCE SCRIPT
Master Candle Breakout Trading Strategy - Omkar Banne
Discover the Power of Master Candle Trading with Our Indicator! 📈
What does it do?
How can it be used?
Capture significant price movements by entering trades at the breakout of Master Candle formations.
It can also be used for Intraday trading.
Identify potential trend reversals early by recognizing Master Candle patterns.
The indicator displays the entry price depending on the high of the master candle.
Set stop-loss levels and take-profit targets based on the size of the Master Candle, enhancing risk management.
Adjust tolerance levels for high and low prices to suit your trading style.
It highlights the master candle using a different background colour.
It draws a box around the pattern formation.
Choose between light and dark themes for optimal visibility.
Whether you're a beginner or an experienced trader, our Master Candle Trading Strategy Indicator can enhance your trading arsenal and improve your profitability.
What does it do?
- This indicator scans price action to identify 'Master Candle' formations, a powerful signal indicating potential trend continuations.
- A Master Candle occurs when the high and low of the next 4 candles are within the range of the previous candle, suggesting a period of consolidation followed by a breakout.
How can it be used?
- Swing Trading
Capture significant price movements by entering trades at the breakout of Master Candle formations.
It can also be used for Intraday trading.
- Trend Reversals
Identify potential trend reversals early by recognizing Master Candle patterns.
- Entry
The indicator displays the entry price depending on the high of the master candle.
- Risk Management
Set stop-loss levels and take-profit targets based on the size of the Master Candle, enhancing risk management.
- Customizable Threshold
Adjust tolerance levels for high and low prices to suit your trading style.
- Background
It highlights the master candle using a different background colour.
- Box
It draws a box around the pattern formation.
- Theme Options
Choose between light and dark themes for optimal visibility.
Whether you're a beginner or an experienced trader, our Master Candle Trading Strategy Indicator can enhance your trading arsenal and improve your profitability.
Charts speak!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.