☼ MAH ☾ - High-Low Fractal Signal

3天前

This indicator works based on the market fractal and provides signals.

In a specific time interval that can be adjusted in the indicator settings window, the ceiling and floor of this range are determined, and whenever the price leaves this specified range, a buy or sell signal is issued according to the failure of each of these levels.
By looking at the situation, the trader can enter a position by observing all risk and capital management issues if he sees a suitable and powerful candle.

Note 1: To set the appropriate time frame, be sure to set the chart time to UTC+3:30, otherwise you must set the correct time frame in the indicator settings window and apply your time zone difference to it.

Note 2: The appropriate Time frame for this strategy is 5 and 15 minutes.

Note 3: It is better if the breakout candle is strong and has a small opposite shadow, and also if the candle is pulled back to the broken level and then a suitable candle is seen, the probability of this setup being successful increases.

I hope you find this indicator useful and please send me your feedback.