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KT Asian Breakout Indicator MT5

KT Asian Breakout indicator scans and analyzes a critical part of the Asian session to generate bi-directional buy and sell signals with the direction of a price breakout. A buy signal occurs when the price breaks above the session high, and a sell signal occurs when the price breaks below the session low.

MT4 Version is available here https://www.mql5.com/en/market/product/41656


Things to remember

  • 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.


Features

  • 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

  • Time-frame: 15 minutes.
  • Pairs: All JPY pairs.


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


Developers

// define arrays
double Buy_Signal[];
double Sell_Signal[];
double Buy_Stoploss[];
double Sell_Stoploss[]; 

//define indicator handle
int indicator_handle = iCustom(_Symbol,0,"Market/KT Asian Breakout Indicator"); 

// Copy buffer into arrays
CopyBuffer(indicator_handle,0,1,1,Buy_Signal);
CopyBuffer(indicator_handle,1,1,1,Sell_Signal);
CopyBuffer(indicator_handle,2,1,1,Buy_Stoploss);
CopyBuffer(indicator_handle,3,1,1,Sell_Stoploss );

if(Buy_Signal[0]!=0) // Entry condition for Buy
if(Sell_Signal[0]!=0) // Entry condition for Sell
Buy_SL[0]; // Buy Stoploss
Sell_SL[0]; // Sell Stoploss

// Fetching targets from the chart
double Quick_Profit = NormalizeDouble(ObjectGetDouble(0,"KT_FTP",OBJPROP_PRICE),_Digits);
double First_Target  = NormalizeDouble(ObjectGetDouble(0,"KT_STP",OBJPROP_PRICE),_Digits);
double Final_Target  = NormalizeDouble(ObjectGetDouble(0,"KT_TTP",OBJPROP_PRICE),_Digits);
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[ MT4 Version ] Supply and Demand Multitimeframe Supply and Demand Multitimeframe is the first indicator in the market that combines multiple aspects like trading volume, price structure and momentum to identify Supply and Demand zones for every asset. The Supply and Demand indicator analyzes simultaneously up to 4 different TFs and represents their information in the current graph. Its interactive UI highlights everytime the price enters a Supply or Demand zone even if the zones are not visible
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Indicator Recommended Timeframe: 1 Minute to 15 minute chart. (for scalping to day trading) Indicator Usage: Forex Stocks Commodities Cryptocurrencies Indices CFD Just adjust the indicator scale accordingly. Indicator Benefit Indicator plots planetary lines without using any CSV file or any kind of data fetching from 3rd party software or Internet! It has inbuilt astronomical calculation being the first of its kind in the MQL indicator history. Planet Degree might differ from 0.5-1.0 degrees t
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KT Auto Fibo draws Fibonacci retracement levels based on the ongoing trend direction. The Highs and Lows are automatically selected using the Maximum and Minimum points available on the chart. You can zoom in/out and scroll to adjust the Fibonacci levels accordingly. Modes Auto:  It draws the Fibonacci levels automatically based on the chart area. Manual: It draws the Fibonacci levels only one time. After that, you can change the anchor points manually. Usage: Helps to predict the future pr
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Version 1.1 2020.05.28
- Added an input to insert the value of GMT offset.
- Source code optimization for faster execution.