Master Candle Breakout Trading Strategy - Omkar Banne

Discover the Power of Master Candle Trading with Our Indicator! 📈

What does it do?

• This indicator scans price action to identify 'Master Candle' formations, a powerful signal indicating potential trend continuations.
  

• A Master Candle occurs when the high and low of the next 4 candles are within the range of the previous candle, suggesting a period of consolidation followed by a breakout.
  

How can it be used?

• Swing Trading
  

Capture significant price movements by entering trades at the breakout of Master Candle formations.
It can also be used for Intraday trading.

• Trend Reversals
  

Identify potential trend reversals early by recognizing Master Candle patterns.

• Entry
  

The indicator displays the entry price depending on the high of the master candle.

• Risk Management
  

Set stop-loss levels and take-profit targets based on the size of the Master Candle, enhancing risk management.

• Customizable Threshold
  

Adjust tolerance levels for high and low prices to suit your trading style.

• Background
  

It highlights the master candle using a different background colour.

• Box
  

It draws a box around the pattern formation.

• Theme Options
  

Choose between light and dark themes for optimal visibility.

Whether you're a beginner or an experienced trader, our Master Candle Trading Strategy Indicator can enhance your trading arsenal and improve your profitability.