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mohamedmuzamil008
Jan 7, 2021 7:24 AM

Range Breakout Indicator with trailing SL 

SUN PHARMACEUTICALNSE

Description

Dear Traders,

This is a simple range breakout indicator where we are creating a range based on high and low of two consecutive volatile candles.

The logic is,
1) If the second candle traverse 1% up from the previous candle low (or)
2) If the second candle traverse 1% down from the previous candle high
then, the range is formed based on this high and low and
3) Buy signal will be given if the price crosses above the High
4) Sell signal will be given if the price crosses below the Low

The indication comes along with the Entry Indication, Exit Indication along with trailing SL

Option provided for changing the session time, target %, SL % and trailing SL %.

Happy Trading!

P.S: Please DM for access.
Comments
uniques
I would like to try this indicator
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