KT Asian Breakout Indicator

• If the session box is vertically too wide, a new trade should be avoided as most of the price action has already completed within the session box.
• If the breakout candle is too big, the price often reverses temporarily before continuing to the signal direction.

• Stoploss and profit targets are included with the buy/sell signals.
• KT Asian Breakout indicator constantly checks for its performance using the first, second, or third profit target as a success criterion.
• Displays three essential performance metrics like win/loss signals, success rate, and average pips per signal.
• If the breakout candle is too big, a warning message is displayed on the chart.

Recommendations

Input Parameters

• Draw Session Box:  true/false
• Draw Stoploss and Profit Targets:  true/false
• Performance Analysis: true/false
• Show Text Analysis(on the top left corner):  true/false
• Success Rate Criterion:  first-target | second-target | third-target
• Color and Style settings:  self explanatory
• Alerts Settings:  self explanatory

double Buy_Signal    = iCustom(NULL,0,"Market/KT Asian Breakout Indicator",0,1);
double Sell_Signal   = iCustom(NULL,0,"Market/KT Asian Breakout Indicator",1,1); 
double Buy_Stoploss  = iCustom(NULL,0,"Market/KT Asian Breakout Indicator",2,1);
double Sell_Stoploss = iCustom(NULL,0,"Market/KT Asian Breakout Indicator",3,1);

if(Buy_Signal!=0) // buy condition is true
if(Sell_Signal!=0) // sell condition is true

// Fetching targets from the chart
First Target = NormalizeDouble(ObjectGetDouble(0,"KT_FTP",OBJPROP_PRICE),Digits);
SecondTarget = NormalizeDouble(ObjectGetDouble(0,"KT_STP",OBJPROP_PRICE),Digits);
Third Target = NormalizeDouble(ObjectGetDouble(0,"KT_TTP",OBJPROP_PRICE),Digits);