Breaking Bar [5ema]

27 kwi 2023

I reused some functions, made by (i believe that):
LeviathanCapital: Market Sessions.
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How to use?
More suitable for Scalping

1. Plan A: Break out the highest bar

• Find the bar with the largest range (high – low) and high volume of the previous N bars.
  
• When the price close breaks down to highest bar, give a SELL signal.
  
• When the price close breaks up the highest, give a BUY signal.
  

https://www.tradingview.com/x/VAYmCDGO/

2. Plan B: Break out the bar opened market

• The price close breaks through the open bar, give a Buy and Sell signal.
  
• Market sessions: Tokyo, London, Sydney, New York.
  

https://www.tradingview.com/x/gE9UnxT3/

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How to set up?

• Choose the plan.
  
• Lookback bar to find highest bar.
  
• Right bar: What position of signal will appear from the open market bar (or high bar).
  
• Number break: The maximum bars have price close breaked before giving signal.
  
• Session time: The open and close of market.
  

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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.

27 kwi 2023

Informacje o Wersji

Update Time Zone of season for New York and Sydney.
Thanks