Greetings to all. Another updated Breakout indicator.
A breakout indicator for support and resistance charts, which makes it easy to identify the appearance of a breakout candle.This indicator performs technical analysis on timeframes of less than 4 hours. It does not draw levels on timeframes above H1. It is also worth noting that the breakout indicator works best on the H1 timeframe. In addition, the indicator can be used in various trading styles such as scalping, intraday trading and trading.
This indicator can improve the efficiency of your trading, as it helps you easily determine the actual level of support or resistance. With this information, you can make forecasts and be prepared for further price movements.