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Day Break Indicator

DAY BREAK INDICATOR

NB: THIS INDICATOR SHOWS MUCH DETAILS AND CORRECT SIGNALS ONLY ON THE CURRENT DAY'S CHART. PAST CHARTS AND STRATEGY TESTER DOESN'T SHOW MUCH POTENTIAL. It is an indicator for the current day's market purposely.

This is an arbitrary Asian support and resistance breakout indicator for the current day only. Signals are no more valid for the next day

ONLY FOR SCALPING AND INTRADAY TRADING. It signals in the direction of only the intraday trend. It should never be used for swing or long term trading. It is just for the current day. Try as much as possible not to carry trades over to the next day. Use ONLY timeframes: M1,M5,M15,M30,H1. It is prudent to trade only pairs that make a lot of pips movement everyday, example: GBPJPY, GBPAUD, GOLD (XAUUSD), EURAUD, etc... Use Trailing Stops too.

To avoid more false signals, follow these recommendations:

BUY SIGNALS CONDITIONS (ALL THESE CONDITIONS MUST BE MET):

1. Trend Filter is GREEN and upward

2. Upper Resistance line is broken

3. Blue BUY arrow appears


SELL SIGNALS CONDITIONS (ALL THESE CONDITIONS MUST BE MET):

1. Trend Filter is RED and downward

2. Lower Resistance line is broken

3. Red SELL arrow appears


FOR LESS BUT RELIABLE SIGNALS, CHANGE THE TREND FILTER TO A HIGHER FIGURE, example 120, 144, 200, etc.


This is a very reliable intraday and scalping indicator for those who trade just for the day. Contact me for any clarifications you need.


NB: I HAVE CREATED THE EA(TRADING ROBOT) FOR THIS INDICATOR. It is amazing!

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Bernhard Schweigert
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Relicus LLC
4.78 (139)
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Yury Orlov
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Guner Koca
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Sukunthakan Ngernbamrung
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ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
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Bogdan Ion Puscasu
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4 (13)
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FREE
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3.67 (3)
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Oliver Gideon Amofa Appiah
The EA trades according to the specified trend. It only opens trades in the direction of the trend and changes direction once that trend changes. It has recovery function to offset any of the trades that goes into negative, seeking to close all in some profit or breakeven or minimal loss. Settings can fully be customized, whether for scalping or intraday purposes. DEFAULT SETTINGS OPTIMIZED FOR EURUSD, EURJPY and EURGBP. When testing, make sure the spread is not abnormal. The EA is versatile and
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Oliver Gideon Amofa Appiah
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Oliver Gideon Amofa Appiah
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Oliver Gideon Amofa Appiah
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4 (1)
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Oliver Gideon Amofa Appiah
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Oliver Gideon Amofa Appiah
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Oliver Gideon Amofa Appiah
5 (1)
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Follow The Line PRO MT5
Oliver Gideon Amofa Appiah
Follow The Line PRO   FOLLOW THE LINE (PRO VERSION) This powerful indicator is the full and complete version of my free indicator called "Follow The Line". IT IS BASED ON the popular maxim that: "THE TREND IS YOUR FRIEND" It gives alarms and alerts of all kinds. IT DOES NOT REPAINT and can be used for all currency pairs and timeframes. AVOID FALSE SIGNALS: BUY ONLY when price closes above the green line and the green line is above the blue channel. SELL ONLY when price closes below the pink
Simple Day Trading Strategy SDT   VERY RELIABLE DAY TRADING AND SCALPING INDICATOR THAT CAN MAKE EVEN A NEWBIE PRODUCE TREMENDOUS RESULTS. IT IS SIMPLE AND FAST, NO FANCY ON-CHART OBJECTS. JUST BUY AND SELL ARROWS.  IT TELLS YOU WHEN TO ADD TO A POSITION AND WHEN YOU SHOULD CONSIDER EXITING. THE BEST TIME TO EXIT ALL TRADES COMPLETELY IS ON OPPOSITE SIGNALS GREAT PRODUCT FOR ALL TRADING STYLES (swing, day trading, scalping, etc). JUST TRY IT ON ALL TIME FRAMES AND CURRENCY PAIRS AND SETTLE ON
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