Idea The idea is simple : when market turns around, it traps a bunch of traders off guard. We trade with them, in the same direction of their exit!
Method
We let the market first create a fractal
We then let the market create an opposite fractal
We then let the market break the first fractal it created, thereby trapping lots of trades in the process
We then patiently wait till the market gives these trapped traders a chance to exit - and we trade in the same direction
How to use? Green boxes are for long entry, red boxes are for short. Whenever a box appears, that's the risk criteria - setup limit orders and trade along! Works on all timeframes
If you like this script, please leave a note on how you are using it. I personally use it with Higher Timeframe bias.
PS1 : some traders call this Break of market structure, some call it Breaker, I just call it "Broken Fractal" PS2 : Break of a broken fractal is also very potent. Watch out for those!
@Ether2020, Thanks for the gesture. If you like this then head over to YT to see how to effectively pair this with HTF analysis. I hope it'll help understand the real usage of this indicator. Cheers!
zeaver
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@makuchaku hi, thank you for sharing the very interesting script! is it okay to share how to trade with the boxes please? 1) I see some boxes have candle with fractals lines but some doesn't. Also, how we buy or sell on a red box and vice versa? 2) Possible to help me understand, is a red box (on a downtrend) trapping buyers or sellers? What happens when a red box appears on an uptrend (who gets trapped)?
makuchaku
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@zeaver, Please head over to YTube for more info on how to use this indicator. This is a very small part of the puzzle and is designed to take an entry on LTF. It needs to be paired with HTF analysis. I hope that helps. Cheers!
chronique
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Try this one 👍
iOX369
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Thanks for sharing this pretty nice indicator. I use it with an MTF order block finder and a cascaded Hull MA to filter out the noise. So far, the backtests look amazing.
FlyAngler
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Great work, and I've tested it a lot and works great!!!! Is there a chance to add an alert when a box is created and filter old boxes by config? Thanks in advance mate
makuchaku
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@FlyAngler, @zeaver : hello, this script is a very old version of how I currently trade. Hence I'm no longer updating it. If you prefer, you are welcome to join me discord where I explain in more detail. Links are in my bio.
MichaelWallat
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Love this script!
makuchaku
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@MichaelWallat, thanks! How do you use it? Please share an example. Thanks 👍