smylle0x07
New member
https://ninza.co/product/storm-eye
It consists of 3 steps:
1. Identify a breakout.
2. Identify a breakaway in the opposite direction of the initial breakout, confirming it as a fake breakout.
3. Confirm the reliability of the opposite breakaway, then generate an entry signal.
1. Identify a potential Breakout
The indicator looks for phases of sideways movement or low volatility. If a candle with the largest body compared to previous candles emerges during these periods, it indicates a potential breakout from the low volatility phase.
The indicator considers this significant candle a breakout signal and marks it with a yellow symbol.
2. Identify an opposite Breakaway
Despite the breakout signal from the candle with the largest body, the market does not follow its direction and instead moves in the opposite way.
A breakaway then occurs, indicated by a candle with a body larger than the initial breakout candle. The indicator marks this breakaway with a star symbol.
3. Generate a signal
To further enhance the reliability of its entry signals, the indicator examines the candles that appear after the breakaway candle.
If the number of subsequent candles you specify does not move against the direction of the breakaway candle, an entry signal is triggered.
Storm Eye offers a sophisticated and reliable approach to trading by leveraging the concept of fake breakouts to identify optimal entry points. Instead of conventional hammer candles, this indicator utilizes a unique horizontal hammer-like price structure, making it distinct and effective.
Purchase now and experience the difference today!
It consists of 3 steps:
1. Identify a breakout.
2. Identify a breakaway in the opposite direction of the initial breakout, confirming it as a fake breakout.
3. Confirm the reliability of the opposite breakaway, then generate an entry signal.
1. Identify a potential Breakout
The indicator looks for phases of sideways movement or low volatility. If a candle with the largest body compared to previous candles emerges during these periods, it indicates a potential breakout from the low volatility phase.
The indicator considers this significant candle a breakout signal and marks it with a yellow symbol.
2. Identify an opposite Breakaway
Despite the breakout signal from the candle with the largest body, the market does not follow its direction and instead moves in the opposite way.
A breakaway then occurs, indicated by a candle with a body larger than the initial breakout candle. The indicator marks this breakaway with a star symbol.
3. Generate a signal
To further enhance the reliability of its entry signals, the indicator examines the candles that appear after the breakaway candle.
If the number of subsequent candles you specify does not move against the direction of the breakaway candle, an entry signal is triggered.
Storm Eye offers a sophisticated and reliable approach to trading by leveraging the concept of fake breakouts to identify optimal entry points. Instead of conventional hammer candles, this indicator utilizes a unique horizontal hammer-like price structure, making it distinct and effective.
Purchase now and experience the difference today!