Smart Fake Break

One of the best know and successful trading systems used by traders are candlestick patterns. The fake break potential signal starts with an inside bar, then looks for price to try to break out to one side and then return back into the zone.

Here are just a few of the indicator options:

• The type of the inside bar (if the first candle has to engulf the second body’s body OR the candle’s range)
• The option to have a maximum number of false breakouts, before the potential signal becomes invalid
• The minimum number of ticks for a breakout in order to be consider a valid one
• The possibility to filter the size of the pattern with the help of the ATR indicator
• The option to have the high to low range of the pattern shaded
• A button in your toolbar that turns on/ off this indicator by just one click
• Multiple types of painting, once a valid pattern is formed(Bars paint, Background paint)
• A large variety of signal and alerts: Sound alerts, Email alert, Twitter alert, Pop-up message alert etc.