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Mohamed Hassan Mohamed Hassan Alsherbiny  

There are 3 types of oscillator breakout :

  1. Late breakout : breakout of oscillator is too late than price breakout , this type discarded by indicator and no signal to be shown up
  2. Coincident breakout : oscillator breakout occurs together with price breakout (by the same bar) , this type shown by signals , and could be hidden by the setup item "show only early breakout signals"
  3. Early breakout : oscillator breaks out prior to price breakout , therefore we can look for future breakout in prices, confirmation of this type of signal by closing above the high of signal bar for long trades, and vise versa. correspondent price levels could be switched on and off by the setup item "Show correspondent price levels for early breakouts". this item is available only at on chart indicator

early broken level of oscillator entails corresponding level in prices that expected to be reached or broken out, fail of price to breakout this level imply confirmation of opposite signal (if found) otherwise first signal could be broken later.