Brekout Up/Dn 9:15 Candle – The Ultimate Intraday Breakout Indicator
🚀 Catch Early Market Moves & Maximize Profits with Precision! 🚀
The Brekout Up/Dn 9:15 Candle Indicator is a powerful TradingView tool designed specifically for intraday traders who capitalize on early market momentum. It identifies key support and resistance levels formed within the first 15 minutes of trading, helping traders spot breakout opportunities with high accuracy.
This indicator is ideal for stocks, indices, and forex markets, offering a strategic edge to traders who focus on fast, high-probability setups. Whether you're a scalper, day trader, or momentum trader, this tool provides precise entry and exit points to improve your success rate.
🔹 Key Features:
✅ Early Market Breakout Strategy
🔹 Identifies the high and low of the 9:15 AM candle to establish key breakout zones
🔹 Tracks momentum shifts to detect potential breakouts above resistance or below support
🔹 Works on all intraday timeframes but is most effective on the 5-minute timeframe
✅ Automatic High & Low Marking
🔹 Plots horizontal lines marking the high and low of the 9:15 candle
🔹 Green Line → High of the 9:15 AM candle (Breakout level)
🔹 Red Line → Low of the 9:15 AM candle (Breakdown level)
🔹 Helps traders determine buy and sell zones at a glance
✅ Volume Confirmation for Breakouts
🔹 Uses Volume SMA (20) to confirm strong breakouts
🔹 Avoids false breakouts by ensuring above-average volume during moves
🔹 Helps traders assess breakout strength before entering a position
✅ RSI & Moving Average Filtering
🔹 Incorporates Relative Strength Index (RSI 14) to validate trend momentum
🔹 RSI Above 60 → Strong bullish momentum (Supports breakout trades)
🔹 RSI Below 40 → Bearish momentum (Supports breakdown trades)
🔹 Uses a 20-period SMA for additional trend confirmation
✅ Color-Coded SMA for Trend Visualization
🔹 Green SMA → Strong bullish trend, favoring long trades
🔹 Red SMA → Bearish momentum, indicating short trade opportunities
🔹 Yellow SMA → Neutral trend, suggesting caution
✅ Works Across Multiple Markets
🔹 Best suited for intraday trading on stocks, indices, and forex
🔹 Works on NSE, BSE, NYSE, NASDAQ, and global forex pairs
🔹 Adaptable to different market conditions and volatility levels
🎯 How It Works:
Step 1: Identify the 9:15 AM High & Low
- The indicator automatically plots the highest and lowest price of the 9:15 candle
- These levels act as breakout or breakdown triggers
Step 2: Wait for Breakout or Breakdown
- Buy Trade: When the price crosses above the 9:15 high with strong volume
- Sell Trade: When the price breaks below the 9:15 low with volume confirmation
Step 3: Use RSI & SMA for Trade Confirmation
- Only take trades when RSI supports the move (Above 60 for buys, Below 40 for sells)
- SMA color changes indicate trend strength and potential reversals
Step 4: Set Stop Loss & Target
- Stop Loss: Just below the breakout candle for buy trades, above for sell trades
- Target: 1.5x to 2x the risk or next resistance/support level
🔗 Why Use Brekout Up/Dn 9:15 Candle Indicator?
✅ Removes Guesswork
Automated breakout levels and trend confirmation take the emotion out of trading
✅ High Accuracy Rate
Uses price action, volume, and momentum filters to identify high-probability trades
✅ Easy to Use
Simple visual cues make decision-making faster even for beginner traders
✅ Works on All Intraday Timeframes
Most effective on 5-min & 15-min charts but adaptable to your preferred trading style
💬 Try the Brekout Up/Dn 9:15 Candle Indicator on TradingView and Catch Early Profitable Moves! 🚀📊
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