vn5ema

Breaking Bar [5ema]

vn5ema Updated   
I reused some functions, made by (i believe that):
@LeviathanCapital: Market Sessions.
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How to use?
More suitable for Scalping

1. Plan A: Break out the highest bar
  • Find the bar with the largest range (high – low) and high volume of the previous N bars.
  • When the price close breaks down to highest bar, give a SELL signal.
  • When the price close breaks up the highest, give a BUY signal.


2. Plan B: Break out the bar opened market
  • The price close breaks through the open bar, give a Buy and Sell signal.
  • Market sessions: Tokyo, London, Sydney, New York.


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How to set up?
  • Choose the plan.
  • Lookback bar to find highest bar.
  • Right bar: What position of signal will appear from the open market bar (or high bar).
  • Number break: The maximum bars have price close breaked before giving signal.
  • Session time: The open and close of market.
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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
Release Notes:
Update Time Zone of season for New York and Sydney.
Thanks
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