OPEN-SOURCE SCRIPT
Bullish Breaker Candle
1. This is a candlestick pattern that forms quite frequently that is a strong bullish indication, the script is when a candle closes above the previous 2 candles highs it will highlight that candle and we call it a breaker candle.
2. To trade this pattern I like to wait for a pullback into the shaded area of this indicator (between the 50% and FVG plotted lines ) on the next 1 or 2 candles. This is where you would enter a long position , with a stop loss at the suggested stop loss line that is automatically plotted for you below the Breaker Candle a few ticks. Your target should be the high of the breaker candle or a 2-1 risk-reward.
3. What makes this script original and useful is it automatically plots the fib levels and the high of the previous candle for extremely accurate entries, also plots the suggested stop loss price and also plots how much the loss would be if your entry was at the FVG line for quick risk assessment.
4. Set alerts and get notified when the Breaker candle closes and never miss a trade.
Disclaimer.
This script is for educational and illustrative purposes, all trading comes with risk, current results are not indicative of future performance, the author of this script is not responsible for any losses incurred by using this script. This is not financial advice.
2. To trade this pattern I like to wait for a pullback into the shaded area of this indicator (between the 50% and FVG plotted lines ) on the next 1 or 2 candles. This is where you would enter a long position , with a stop loss at the suggested stop loss line that is automatically plotted for you below the Breaker Candle a few ticks. Your target should be the high of the breaker candle or a 2-1 risk-reward.
3. What makes this script original and useful is it automatically plots the fib levels and the high of the previous candle for extremely accurate entries, also plots the suggested stop loss price and also plots how much the loss would be if your entry was at the FVG line for quick risk assessment.
4. Set alerts and get notified when the Breaker candle closes and never miss a trade.
Disclaimer.
This script is for educational and illustrative purposes, all trading comes with risk, current results are not indicative of future performance, the author of this script is not responsible for any losses incurred by using this script. This is not financial advice.
Skrypt open-source
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