Asian HL Breakout
Asian HL Breakout indicator draw asian session maximum high and minimum low prices, and when price closes above maximum high or minimum low shows entry signal.
- Very accurate when determine asian high and low levels.
- GMT time offset parameter so the indicator can work with any broker.
- different alert options.
How It Works
Asian HL Breakout indicator waits until asian session ends and then determine maximum high price and minimum low price during the asian session and waits for breakout, if price closes above maximum high price it will give you buy signal and if price closes below minimum low price it will give you sell signal.
- best time frame for asian breakout strategy H1 timeframe.
- high volatility pairs gives better result.
- you can confirm the signal by waiting another candle to close ouside asian range.
Asian Breakout indicator has some parameters so you can adjust it according to your needs, I'll explain it in details.
GMT Offset Hours
Your broker offset hours from GMT, this parameter is important to determine asian session correctly.
Max Waiting Bars For Break
max allowed bars after the asian session is completed to wait for price to break and confirm the signal as valid.
Buy Box Color
asian box buy signal color.
Buy Box Borders Color
asian box borders buy signal color.
Sell Box Color
asian box sell signal color.
Sell Box Borders Color
asian box borders sell signal color.
Fill Box Background
enable to set drawing box background.
Box Lines Width
set your favorite box borders width.
Box Borders Style
set your favorite box borders style.
Enable Popup Alert
option to enable the indicator popup alert when buy or sell signal appears.
Enable Send Email
option to enable the indicator to set you email when buy or sell signal appears.
Enable Send Mobile Notification
option to enalbe the indicator to send you push notification to your metatrader mobile.
Version 1.0 15.06.2019
- First initial version