Pips Breakout Candle measures price changes in pips. This indicator can be used to identify major price moves! The indicator comes with a sentiment line which is the sum of the Up versus Down price changes. It gives a good understanding of the current trend and identifies divergences.
Set alerts for major price moves!
Identify the trend!
Plot high and low of first candle from the current timeframe.
The levels are adjusted automatically when the timeframe is changed.
Trade breakout in either direction with other as a stop loss.
Can be used for any instrument.
This script gives Signal based on 3 parameters
(1) Exponential Moving average breakout
(2)Retest after Breakout
(3) Peak Breakout after retest for conformation
(1) EMA Length = 20 period
(2)Left Bars= Right Bars = 4
(3)15min chart resolution
Note: Default setting is what recommended.
(1)Green Background = Higher Peak...