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Storm Eye

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Product Description

Top 5 best-selling products loved by traders over the past 3 months:

PANA Kanal - Breakout Hunter - Imbalance Profile Lidar - SpaceGPS Satellite - Multi-Timeframe Fu$ion

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Note: The indicator has been renamed from Fakeout Hammer Pattern to Storm Eye. 

You might recognize this scenario...

You notice a breakout signal and decide to enter a trade. But soon, the price moves against you. By the time you realize it was just a fake breakout, your trade is already in the red, and there's nothing you can do to change it.

Storm Eye utilizes the concept of fake breakouts to identify reliable entry points. 

The name "Storm Eye" aptly symbolizes fakeout scenarios in trading, illustrating how fleeting calm (like in the eye of a storm) can quickly give way to sudden turbulence. Like a fakeout, which creates the illusion of a new trend, it often catches traders off guard, prompting them to enter trades only to experience price reversals and subsequent losses.

Although there are numerous methods for identifying fake breakouts, the approach used in this indicator is unprecedented.

Storm Eye picture

It consists of 3 steps:

  1. 1. Identify a breakout.
  2. 2. Identify a breakaway in the opposite direction of the initial breakout, confirming it as a fake breakout.
  3. 3. Confirm the reliability of the opposite breakaway, then generate an entry signal.
Storm_Eye

1. Identify a potential Breakout

The indicator looks for phases of sideways movement or low volatility. If a candle with the largest body compared to previous candles emerges during these periods, it indicates a potential breakout from the low volatility phase.

The indicator considers this significant candle a breakout signal and marks it with a yellow symbol.

Storm_Eye_1_

2. Identify an opposite Breakaway

Despite the breakout signal from the candle with the largest body, the market does not follow its direction and instead moves in the opposite way.

A breakaway then occurs, indicated by a candle with a body larger than the initial breakout candle. The indicator marks this breakaway with a star symbol. 

Storm_Eye_2_

3. Generate a signal

To further enhance the reliability of its entry signals, the indicator examines the candles that appear after the breakaway candle.

If the number of subsequent candles you specify does not move against the direction of the breakaway candle, an entry signal is triggered.

Storm_Eye_3_

Storm Eye offers a sophisticated and reliable approach to trading by leveraging the concept of fake breakouts to identify optimal entry points. Instead of conventional hammer candles, this indicator utilizes a unique horizontal hammer-like price structure, making it distinct and effective.

Purchase now and experience the difference today!

Dedicated NinjaScript signals:

  • Signal_Trade: 1 = bullish, -1 = bearish, 0 = no signal

Software Changelog

  • 29 Jul 2024 - An error while building the BloodHound template was fixed.
  • 07 Jul 2024 - The indicator was renamed.
  • 20 Jun 2024 - The indicator was released (build new).

Product Media

These media materials may have been recorded/captured in favorable markets. Please review our acceptable marketing practices.

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From very happy customers... 500+ reviews →
  1. product_image Storm Eye $$
    5 5

    Wonderful Customer Support

    Appreciate the wonderful customer support you have provided, especially Grace from ninZa.co home!

  2. product_image Storm Eye $$
    5 5

    Perfect Custom Indicator

    When I needed an indicator built for my trading system, Pi had it ready in a day, and it worked perfectly without any modifications. The cost was very reasonable and I will use him again without a doubt.

  3. product_image Storm Eye $$
    5 5

    I am satisfied with my purchases

    I think Solar Wind is great, although I'm still exploring it. ninZa.co's indicators have been really good so far.

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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