False Breakout Stochastic For TradingView — Global Trading Software

False Breakout Stochastic For TradingView

False Breakout Stochastic Trading Indicator For The Tradingview Platform

 

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$199.00

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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 TradingView

There is nothing more profitable than trading a breakout; most traders are always looking for these opportunities. Unfortunately, most of us have been tricked by false breakouts, resulting in a huge loss.

Basically, false breakouts are significant movements outside the normal market’s resistance and support levels that don’t last. This results in a huge failure, and traders who went long tend to lose a lot.

We understand the pain of being tricked by a false breakout; therefore, we introduced the False Breakout Stochastic For TradingView. Sure, TradingView has many indicators that can help you avoid such scenarios. But nothing can beat the False Breakout Stochastic For TradingView.

What Is The False Breakout Stochastic For TradingView?

The False Breakout Stochastic For TradingView is an exceptional indicator that automatically detects strong, bearish, and bullish moves. This indicator shows you when the market experiences a false breakout.

It searches for criteria involving %D and %K stochastic lines having false breakout crossover against the existing trend before crossing back. After the Stochastic gets out of the false breakout state, it moves to opposing oversold/overbought zones. The stochastic then crosses to the opposing zone.

When this happens, the trade has a high likelihood of returning to its original trend. This guarantees that you’ll always enter positions after a pullback against the primary trend.

On top of that, you can use it to trade the following instruments:

  1. Crypto coins
  2. Forex
  3. Stocks
  4. Commodities
  5. Futures

So whether you’re day, intra-day trading, or swing trading, you’ll always enter your trades at the right time. After all, it will indicate the trend’s direction and strength in any timeframe.

How Does The False Breakout Stochastic For TradingView Work?

The False Breakout Stochastic For TradingView is a sub-chart situated on the lower part of your chart. This indicator tracks the trader’s sentiment, and when experiencing a false breakout, it prints some yellow dots.

But if the stochastic lines cross to the oversold zone after a false breakout, then you should look to go long. When this happens, then you can use another indicator to determine the entry points and stop loss.

If it prints false breakout dots while in an overbought zone, it means you’re about to experience a strong bullish trend. Therefore, you should expect a profitable pullback, but you should wait for confirmation from the stochastic crosses.

When this happens, you should get a perfect entry point and ride the breakout until the next false breakout forms.

Specification: False Breakout Stochastic For TradingView

Platform

"Tradingview"

Indicator

"False Breakout Stochastic Trading Indicator For The Tradingview Platform"

License

Lifetime

False Breakout Stochastic For TradingView
False Breakout Stochastic For TradingView

$199.00

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