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by JohnL33
A! DREAMER
Tribute to "Prince of Darkness".
Bullish Breakout (DodgerBlue): This state is triggered if the current price moves above the high of the previous closed candle. It signals that bullish momentum is strong enough to create a new short-term high.
Bearish Breakout (Orange Red): This state is triggered if the current price moves below the low of the previous closed candle. It signals that bearish momentum is strong enough to create a new short-term low.
Inside Bar / Consolidation (Grey): This is the default state. It occurs when the current price is trading between the high and the low of the previous candle. This signals a lack of immediate breakout momentum, or that the market is consolidating or pulling back.
The indicator displays three pieces of information, which appear or disappear based on the logic above.
The Main Logo (e.g., "DREAMER"):
This is the primary visual signal.
Its color instantly tells you the current market state (DodgerBlue for bullish breakout, Orange Red for bearish breakout, Grey for inside/consolidation).
The Pips Meter:
This only appears during a Bullish or Bearish Breakout.
It quantifies the strength of the breakout by showing exactly how many pips the price has moved past the previous high or low.
Example: If the previous high was 1.25100 and the current price is 1.25125, the meter will show + 2.5 pips.
When the logo is grey, the pips meter is hidden.
The Breakout Timer (Stopwatch):
This also only appears during a Bullish or Bearish Breakout.
It functions as a stopwatch, measuring the duration of the current breakout in minutes and seconds (MM:SS).
The timer starts the moment the price first breaks the previous high/low.
It continues to count up as long as the price remains in a breakout state.
If the price returns inside the previous candle's range (logo turns grey), the timer resets to zero and disappears.
stopwatch not working properly..its reset when change timeframe.someone can fix..it will nice.
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