This indicator works based on the market fractal and provides signals.
Note 1: Be sure to set the chart time to UTC+3:30 to set the appropriate time frame, otherwise you must set the correct time frame in the indicator settings window and apply your time zone difference to it. Note 2: The appropriate time frame for this strategy is 5 and 15 minutes. Note 3: It is better if the breakout candle is strong and has a small opposite shadow, and also if the candle pullbacks to the breakout level and a suitable candle is seen after that, the probability of this setup being successful increases.
I hope this indicator is beneficial for you and please send me your opinion.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.