Maybe you could use this to play with
repaints on last 2 bars

Random Ma

Thank you all for the feedback, testing, and ideas regarding the SOT indicator.
I’ve corrected the mistakes based on your suggestions. I might still be wrong, so feel free to improve it further and share it here with everyone.

I’ve included both the .mq4 and .ex4 files.

JohnL33 wrote: Thu Jul 24, 2025 10:39 am Thank you all for the feedback, testing, and ideas regarding the SOT indicator.
I’ve corrected the mistakes based on your suggestions. I might still be wrong, so feel free to improve it further and share it here with everyone.

I’ve included both the .mq4 and .ex4 files.

GOAT

iardavan wrote: Thu Jul 24, 2025 10:46 amGOAT

Wow..that too high for me.Not even near lvl.Only Ai do the work.Thk anyway.

JohnL33 wrote: Thu Jul 24, 2025 4:32 pm Wow..that too high for me.Not even near lvl.Only Ai do the work.Thk anyway.

Hello and regards. The interesting part was that it can have the speed of tape reading, something like having a reading tape similar to order flow trading platforms, with the difference that there you use volume. Combining it with Mr. XARD's system, which I'm testing, has become very cool. Your work is also excellent, and thank you for sharing. I hope you provide more updates. With gratitude.

iardavan wrote: Fri Jul 25, 2025 1:46 pm Hello and regards. The interesting part was that it can have the speed of tape reading, something like having a reading tape similar to order flow trading platforms, with the difference that there you use volume. Combining it with Mr. XARD's system, which I'm testing, has become very cool. Your work is also excellent, and thank you for sharing. I hope you provide more updates. With gratitude.

I truly appreciate your kind words and encouragement. I’ll definitely continue working on improvements and will share more updates as they come.

Wishing you continued success with your testing and trading!

JohnL33 wrote: Fri Jul 25, 2025 3:03 pm I truly appreciate your kind words and encouragement. I’ll definitely continue working on improvements and will share more updates as they come.

Wishing you continued success with your testing and trading!

Some ideas are coming to mind for combining this indicator with tape speed at different price levels on the chart, which I think could work well with the range volume profile indicator. This was brought up in a Discord group on SierraChart, and I have the study or indicator for it. In short, I think some interesting things can be done with it.
(Defending the positions of big players at previous price levels.)

Convert the short video below into a GIF file.

iardavan wrote: Fri Jul 25, 2025 3:29 pm Some ideas are coming to mind for combining this indicator with tape speed at different price levels on the chart, which I think could work well with the range volume profile indicator. This was brought up in a Discord group on SierraChart, and I have the study or indicator for it. In short, I think some interesting things can be done with it.
(Defending the positions of big players at previous price levels.)

Convert the short video below into a GIF file.

too advance for me to even understand this..great it working for your idea.

A! The_Bipolar_Breakout

Detailed Breakdown of the Indicator's Logic
This is a pure price-action, alternating breakout indicator. Here is its step-by-step process inside the start() function.
Step 1: Initialization and Loop
The code begins by calculating limit, which tells it where to start processing bars. It loops from the most recent un-calculated bar backwards towards the oldest history.
Step 2: Finding the "Ceiling" and "Floor"
For every bar i in the loop, the first thing it does is establish the trading range.

This creates a dynamic support and resistance channel based on recent price history.
Step 3: The Breakout Event
It then checks if the current bar i represents a decisive break of that channel.
Bullish Breakout: (Close[i+1] < resistance_level && Close > resistance_level)
In plain English: "Did the previous bar close below the ceiling, AND did the current bar close above the ceiling?" This confirms a clean break.
Bearish Breakdown: (Close[i+1] > support_level && Close < support_level)
In plain English: "Did the previous bar close above the floor, AND did the current bar close below the floor?"

Step 4: The "Bipolar" State Check
This is the key to the alternating signals. Before plotting anything, it checks its memory (lastSignalState).
If a bullish breakout is found, it asks: "Was the last signal I drew a bearish one (or is this the first signal)?" (if(lastSignalState != 1)).
If YES, it proceeds to plot a signal.
If NO (the last signal was also bullish), it does nothing and ignores this new breakout.
The same logic applies in reverse for a bearish breakdown.

Step 5: Plotting the Signal and Updating the State
If all conditions are met, it performs two actions:
Plot the Signal: It calculates the signal_price using your InpSignalDistance input and places the Dot and Arrow in their respective buffers at bar i.

Update Its Memory: It immediately updates its state variable: lastSignalState = 1; (for bullish). Now, it will not plot another bullish signal until a bearish one appears first.
Step 6: Updating the On-Screen Label
After the loop is finished, it checks the final value of lastSignalState and updates the text and color of the on-screen display accordingly, providing you with a clear, real-time status.