Indicator – Breakout Overlap

Chart

Link

https://www.tradingview.com/script/azz12NIL-Zen-Breakout-Overlap-v1/

Summary

  • Looking at where bars create gaps between it and the prior bar
  • I was researching follow-through bars and good targets for them – it seems 1:1 is reasonable unless they themselves are the biggest bar – then half is more likely like above

How to use:

  • Helping train the eyes to focus on gaps and breakout trading of 2nd legs,
  • Timing the second leg of a pullback for trend continuation entries
  • Finding a good place to take profit in trading ranges

Enjoy!

2 responses to “Indicator – Breakout Overlap”

  1. Steven Avatar
    Steven

    can you make a video to explain how to use this please, I am so confusing, thanks

    Liked by 1 person

    1. Tim Fairweather Avatar

      Yep – I can do a video on Breakout overlap soon – thanks Steven, T

      Like

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I’m Tim

Welcome to Zen Trading Tech.

I’m a Aussie day trader and I post trading tips, practice drills, and indicators that helped my trading get to a professional level.

Everything here is to help train the eyes and hands to trade better. If it helped me I’ll post it for others. Hope you enjoy!