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Storm Eye

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If you're a scalper, these are the best products to match your trading style:
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Product Description

Are you a fan of Fibonacci, but don't have time to draw manually?
Check out our latest product, with a super cool offer! 

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

    The Customer Support Service Is Top-Notch - Ms.Robin

    Robin is very helpful and patient in explaining the indicators and the voucher for their April promo. Being a first-time user, I would highly recommend ninZa.co and Robin. Would love to purchase more of their indicators!

  2. product_image Storm Eye $$
    5 5

    Awesome Indicators & Excellent Customer Support Team

    I have purchased several indicators from ninZa.co for my NinjaTrader 8 platform. I find ninZa.co’s indicators are very professional and versatile, allowing me to change numerous indicator settings so that I can fine-tune the indicators to meet my trading needs, fit the price action of the instruments that I trade and give me an edge in my trading. ninZa.co’s prices are very reasonable, and the frequent promotional discounts are fantastic! The free download page is great, especially when new free indicators are added. I also find ninZa.co’s customer service to be excellent! I have dealt with Hannah W., Jennifer R. and Robin and find them all extremely helpful.

  3. product_image Storm Eye $$
    5 5

    Trading Time For NT8

    I use Trading Time indicator on another platform because it is not available for NinjaTrader 8. Looking forward to being able to add it to my NinjaTrader 8 platform. Thanks ninZa!

  4. product_image Storm Eye $$
    5 5

    Exceptional Professionalism and Enjoyable Experience with ninZa.co

    Thanks to Emma and her team at ninZa.co, she is always very professional and enjoyable to work with :) I have made the purchase, looking forward to trying out the tool tomorrow!!!

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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