Breakout Sniper
- Indicators
- Elmira Memish
- Version: 1.0
- Activations: 5
Breakout Sniper draw trendlines by using improved fractals and plots the breakout and reversal points.
NO REPAINT AUTO TREND LINES
By using the Multi Period and Multi Timeframe
- Easily identify the potential reversal and breakout levels.
- Plot the patterns like triangles, head and shoulders, wedge patterns, cup and handle patterns etc.
- Indicator draws arrows only when a breakout happens.
- You can see the uncompleted/forming trend lines as well.
- Support and Resistance levels.
-Fibonacci Retracement Levels.
INPUTS:
Signal Mode: After Close ( Puts Arrow after the candle closing above/below the trend line )
Instant ( Puts Arrow as soon as the price breaks above/below the trend line )
Time Frame 1 : Choose the TF
Fractal Period : Enter the period for the chosen TF
Time Frame 2 : Choose the TF
Fractal Period : Enter the period for the chosen TF
Time Frame 3 : Choose the TF
Fractal Period : Enter the period for the chosen TF
*** If you would like to see only one TF and one period, set the others same as the first one.
Colors :
* Chose the colors of the Completed Trendlines.
* Colors 1 ... For the first TF and Period
* Colors 2 ... For the second TF and Period
* Colors 3... For the third TF and Period.
NOTES
- Colors of the uncompleted lines are set NONE as a default. Chose a color if you would like to see the uncompleted/forming lines.
- If there are same trendlines in different TF and/or Periods, the color of the bigger TF/Period are shown on the chart.
- To test the bigger timeframes on strategy tester, the more history must be loaded.
Good