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Instrument: REA_BreakOut

REA_BreakOut

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Disclaimer

The graphic studies and any other indication generated by the software should not be considered as personalized investment advice or even as investment recommendations. The setups generated by the software search for market conditions developed on prices in the past and are useful for statistical purposes.

The software is not able to work autonomously and requires various inputs from the trader for pattern research, statistics processing and any other expected functionality.

Description

The Break Out Candles indicator is very simple. Highlight and color red or green the candles that break the previous highs or lows. It colors the candles that break the previous lows red and therefore highlights the possible bearish trend and the breaking of a bearish structure. Instead, it colors the candles that break the previous highs green, consequently highlighting a possible positive trend and the breaking of an upward structure.

We recommend, also for this indicator, not to use it alone but to combine it with others to create the "perfect" input set up.

Downloads

Download the REA_BreakOut for the cTrader platform
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FREE

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