Bullish 1st Breakaway FVG Stop Loss

5 giorni fa

This indicator provides a defined 3-tier stop loss placement when you want to trade the 1st Bullish Breakaway FVG strategy. The Bullish Breakaway Dual Session FVG indicator is an independent indicator that track all bullish breakaway candles, however this one only tracks the very 1st breakaway candle with a stop loss visual cue.

Introduction of Bullish Breakaway Consolidated FVG:

Inspired by the FVG Concept:

This indicator is built on the Fair Value Gap (FVG) concept, with a focus on Consolidated FVG. Unlike traditional FVGs, this version only works within a defined session (e.g., ETH 18:00–17:00 or RTH 09:30–16:00).

Bullish consolidated FVG & Bullish breakaway candle

Begins when a new intraday low is printed. After that, the indicator searches for the 1st bullish breakaway candle, which must have its low above the high of the intraday low candle. Any candles in between are part of the consolidated FVG zone. Once the 1st breakaway forms, the indicator will shades the candle’s range (high to low).

Session Reset: Occurs at session close.
Choose your own session: use 930 to 1615 for RTH, 1800 to 1615 for ETH. (New York Time Zone)


Repaint Behavior:
If a new intraday (or intra-session) low forms, earlier breakaway patterns are wiped, and the system restarts from the new low.

Product Optimization:

This indicator is designed for CME future product with New York time zone. If you want to trade other products, please adjust your own time session.


Entry:
Long after the 1st Bullish Breakaway Candle in your active session.
However, best position of long is executed by your own trading skill and edge.

Stop Loss: ξ

ξ: This is the 1st stop loss, it is 1 equal size of the breakaway candle below the low.
ξξ: This is the 2nd stop loss, it is 2 equal sizes of the breakaway candle below the low.
L: This is the 3rd stop loss, it is the intraday session low.

Stop loss calculation:
Assuming you enter at the high of the breakaway candle, the SL number is shown as the high minus the stop loss placement.


Last Mention:
If you don't see anything in the indicator, adjust your session to an active session only, and use Tradingview replay function. This indicator is a live indicator with repainting mechanism.

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Note di rilascio

Minor update: if there is an equal low, the indicator will use the candle with the lowest high as an anchor to find next breakaway