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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

    Your support is perfect

    Your support is perfect. I have no complaints. Very satisfied with everything.

  2. product_image Storm Eye $$
    5 5

    Quick Drawing

    Gave Quick Drawing 5 stars because it is free. If I had to pay I would give it 4 stars. I would like to see more drawing objects, especially objects that indicate a buy or sell and a request for sizing objects (yeh, I know its free but a guy has to ask). Altogether, this is very useful because it is handy.

  3. product_image Storm Eye $$
    5 5

    Moving Median

    When I first contacted Larry Pi about the Moving Median indicator I was not sure myself about the exact calculations of it. It is a default indicator on Interactive Brokers platform and I could not find it anywhere else. Pi went the extra mile and he did not give up until I was completely happy with the indicator and within a few days since I contacted him for the first time I am using it on Ninja Trader. He even added a few extra functions on the indicator for me without increasing the price. Pi you rock !!!! Thanks again :)

  4. product_image Storm Eye $$
    5 5

    Exceptional Service And Dedication: Praising Hannah W.'S Customer Support Expertise

    Just wanted to share a few thoughts about Hannah W. She was extremely helpful and at the same time, very polite, nice, and quick in answering my questions and concerns. She also managed to resolve my issues in a timely manner with all of her knowledge and expertise in her field. I thank you Hannah W., for an exceptional service and her dedication to her profession.

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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