KT Asian Breakout Indicator
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KT Asian Breakout Indicator
MT4 | MT5

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Specs
Release date:August 29, 2019
Last updated:August 29, 2019
Current version:1.0
Product type:Indicator
Requirements:MT4 | MT5
  • Description
  • Developers
  • Comments

KT Asian Breakout indicator scans and analyzes a critical part of the Asian session to generate bi-directional buy and sell signals with the direction of a price breakout. A buy signal occurs when the price breaks above the session high, and a sell signal occurs when the price breaks below the session low.

Things to remember

  • If the session box is vertically too wide, a new trade should be avoided as most of the price action has already completed within the session box.
  • If the breakout candle is too big, the price often reverses temporarily before continuing to the signal direction.


Features

  • Stoploss and profit targets are included with the buy/sell signals.
  • KT Asian Breakout indicator constantly checks for its performance using the first, second, or third profit target as a success criterion.
  • Displays three essential performance metrics like win/loss signals, success rate, and average pips per signal.
  • If the breakout candle is too big, a warning message is displayed on the chart.


Input Parameters

  • Draw Session Box:  true/false
  • Draw Stoploss and Profit Targets:  true/false
  • Performance Analysis: true/false
  • Show Text Analysis(on the top left corner):  true/false
  • Success Rate Criterion:  first-target | second-target | third-target
  • Color and Style settings:  self explanatory
  • Alerts Settings:  self explanatory

Screenshots

{"autoplay":"false","autoplay_speed":"1000","speed":300,"arrows":"true","dots":"true"}

Video


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