Super Breakout Monitor – Trading Strategy – April 18, 2024
Breakouts with strong momentum are difficult to capture. The purpose of the Super Breakout Monitor is to identify these market conditions. This indicator is inspired by the concept of renowned technical analyst Tushar Chande, who combines two highly adaptive indicators – VIDYA and Dynamic Momentum Index (both) to capture the early stages of a successful breakout. Minions Labs has added unique enhancements to apply these great ideas to modern markets such as stocks, cryptocurrencies, indices, forex, and more.
Why should you care about Super Breakouts Monitor?
If you are a trader who likes a good breakout, this indicator provides early stage signals.
Initially designed for equity swing trading, feedback from fellow traders has shown that this indicator can be used versatilely across a variety of asset classes with appropriate calibration.
At Minions Labs, you can test everything for free before committing your money. We are proud of our high ranking in the MQL5 ecosystem thanks to our dedicated customer base and the enjoyment of our products globally. Our motto: Just try it! For free! There is no obligation! No string attached! Experience the power of Minions Labs metrics.
How does Super Breakout Monitor work?
This indicator uses a variable length moving average called VIDYA along with an oscillator, the Dynamic Momentum Index. This combination excels at quickly adapting to asset volatility and identifying breakouts. It also incorporates a ‘BAND’ function that is adjustable via percentage range, allowing global calibration for all assets. This feature helps you filter out non-trending movements by visualizing and capturing potential breakouts.
We’ve also integrated a trend filtering tool, Hull Moving Average, which adds an extra layer of protection to your trading by ensuring you trade according to the trend.
Want to capture the best breakouts? Click here…
About Us
In ~ Minions Labled Flavio Zarabec, we are dedicated to improving the trading expertise of both expert and novice traders. Our offering includes a comprehensive suite of advanced indicators built to help traders explore new strategies across a variety of markets and assets. With a strong commitment to affordability and accessibility, we offer most indicators for free and our premium products are competitively priced to give every trader the opportunity to succeed.
