False Breakout Stochastic

The False Breakout Stochastic automatically indicates strong trend moves by printing Yellow Dots in the Overbought zone for strong Bullish moves. Then in the OverSold zone for strong Bearish moves. 

The indicator looks for criteria involving the %K and %D Stochastic lines having a false breakout crossovers against the main trend and then crossing back over.  

Once the Stochastic breaks free of this false breakout state and moves to the opposing overbought or oversold zone and crosses in that opposing zone. It has a high probability of wanting to return to the zone where the Yellow False Breakout Dots were printed.  This helps traders to enter trades after pullbacks against a main trend.

Please view the chart images on the left to help visualize how simple it is to use the False Breakout Stochastic to confirm entries after pullback against the main trend.

Instruments:

1. Stocks
2. Forex
3. Futures
4. Commodities  
5. CryptoCurrencies

Whether Swing Trading, Intra-day or Day Trading, our adjustable False Breakout Indicator is a powerful tool that looks for and indicates trend strength and direction on any timeframe!

What do you get

False Breakout Stochastic for NinjaTrader

Gather many trading strategies to spread the risk and enjoy more trades. For instance, instead of waiting for breakouts only, try false breakouts. It doubles your investment options.

Instead of attempting to do that manually, use the False Breakout Stochastic for NinjaTrader. It’s faster, more accurate, and integrated into your chart. Hence, you see false breakouts during technical analysis.

This indicator signals a false breakout when it doesn’t agree with the current price move. Since it’s automatic, it watches an asset’s trend to identify a genuine false breakout that needs your attention.

False Breakout Stochastic for NinjaTrader Features

Although some traders view false breakouts as something to avoid, you can profit from them. For instance, it’s not as risky as trading during conventional breakouts. You see, more traders wait for breakouts.

When the price action goes against their expectations, they rush to exit. With a false breakout indicator, you take advantage of such market changes.

It can help you recover money lost in a previous trade. For instance, if you incur a loss while you exit a conventional breakout, you can use a false breakout to recover your investment.

Adding a false breakout indicator to your chart enhances the price data. You can see it against the market’s support and resistance levels.

How the False Breakout Stochastic for NinjaTrader Works

A breakout happens when the price stays below resistance and above support levels for a while. However, a false breakout is different, and this indicator will show you.

The %K and %D Stochastic lines are the criteria for finding these false breakouts. The indicator identifies and highlights strong trend moves automatically.

It prints yellow dots on different zones, depending on the type of price trend. These yellow dots appear in the OverSold Zone for a bearish price move. On the other hand, if it’s a bullish price move, you see them in the Overbought zone.

You don’t have to worry about a cluttered chart, as this indicator’s yellow dots are barely there. The idea is to show you the false breakouts without hiding other technical analysis data, such as candlesticks.

You can follow the false breakout for a while if you’re learning new strategies first to use later. Since the data is on the chart, you can always go back as you analyze the historical data of an asset.

This indicator is suitable for various instruments. You can use it when trading stocks, crypto, commodities, futures, and forex. It works for day, intra-day, and swing traders.