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Introducing... - ? - Breaker - Blocks - With - Thread - by - Luxalgo - Apr 27, 23 - From - Rattibha

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55 views8 pages

Introducing... - ? - Breaker - Blocks - With - Thread - by - Luxalgo - Apr 27, 23 - From - Rattibha

Hahahhanahahahayhabbsvzbbsnsnnsnwnanwjwbabababhw

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top.wheeler
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LuxAlgo

@LuxAlgo

8 Tweets • 2023-04-27 •  See on


rattibha.com 

INTRODUCING...

Breaker Blocks with Signals by @LuxAlgo

A new indicator we developed & released open-source


for the community.

Thread on how it works & access

/1

https://www.tradingview.com/script/1owp3

WD0-Breaker-Blocks-with-Signals-LuxAlgo/
The Breaker Blocks with Signals indicator aims to
provide users with a minimalistic display alongside
optimal signals to be aware of for finding trade setups
as shown below. /2
The signal(s) that can be used for potential entries are
only during retests of the breaker blocks.

A potential strategy traders could use with this


indicator is to target the corresponding Discount PD
Arrays detected (for a short position). /3
Signals can be considered invalid when price closes
above the 50% level in which it would be suggested to
wait for another setup.

Users still looking for more potential setups based on


the same breaker block can disable the "Stop at first
break of center line" setting. /4.
In the image below we can see a bullish example.

Whereas price confirmed a bullish breaker block


(+BB), had a quick pullback into it that was confirmed
by the green arrow, and then reached the Premium
PD Arrays. /5

While retests of breaker blocks can still function well if


they occur later in the price action, it's most preferable
for users to look for entry signals that are near
confirmed breaker blocks (5-10 bars)

Opposed to waiting 20+ bars. /6


Breaker blocks are formed after a mitigated order
block and these can provide change of polarity
opportunities, thus playing a role as a potential
support/resistance. It is the re-test/retrace of price to a
breaker block that will set the conditions to provide
signals. /7
Access is available on TradingView with the link
below:

Make sure to add it to your favorites

Lastly, thank you @Hydra_Thahmid for the indicator


suggestion & clear outline! Let us know what you want
to see us develop next! /8

https://www.tradingview.com/script/1owp3
WD0-Breaker-Blocks-with-Signals-LuxAlgo/

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