Fully automated high probability trading system developed around breakouts of the first bar of the US open Nasdaq cfds. The overall market context and bar type analysis leads to trade execution. Sometimes the high probability trade is trading with the breakout and others it is a fade ( betting the breakout will fail ).
Bar count with options to chose start and end times, hourly closes can have a different color on the 5 minute timeframe, option to hide bar count on timeframes that are bigger than 15 minutes. Time zone is Central Standard Time.Bar count indicator for bars that are in the session.
This indicator is completely free. If you would like to support my work consider buying me a coffee!
5 minute Exponential moving average for Regular Trading Hours. If its not showing correctly set session manually and turn off “Try to determine session automatically” option. Time zone is Central Standard Time.
This indicator is completely free. If you would like to support my work consider buying me a coffee!
This indicator detects three kinds of price action patterns:
ii - consecutive inside bars ( high and low inside of the previous bar), triangle on a lower timeframe
oo - consecutive outside bars ( high above the high of the previous bar and the low below the low of the previous bar), expanding triangle on a lower timeframe
ioi - inside outside inside, diamond pattern on a lower timeframe
Traders that trade these patterns are entering on breakouts above/below .When they appear in a trending market, they are good setups for both continuation and reversal swing trades. When they appear in ranging market, they are not nearly as powerful since most breakouts fail in this context. To achieve the highest probability, it is best to trade in the direction of the trend on the last bar in the pattern with a stop loss on the other side and going for a reward that is at least twice the risk.
This indicator is completely free. If you would like to support my work consider buying me a coffee!