HEKATRADER | 40-60 + MTF Trend

DESCRIPTION (English):

Diagonal Trendline Breakout Strategy Indicator - A simple trendline drawing tool designed for easy chart application.

When you activate the indicator, the first bar you select draws a horizontal line, and the second bar draws a diagonal trendline, with their endpoints connected.

Long or short trades can be taken at trend breakout points, and alerts can be set up to receive notifications when breakouts occur.

Recommended pair: XAUUSD
Recommended TF: 5M
Conditions: Draw on the highest and lowest points of swing movements with a minimum of 100 pips ($10 price movement), enter continuation trades on triangle breakouts.
Recommended SL/TP: -40 Pips / +60 Pips
Can be used on different timeframes and pairs, test on demo before live trading.

MTF Trend Table:
The indicator includes a Multi-Timeframe (MTF) trend table showing trend direction across 4 different timeframes: 30 minutes, 1 hour, 4 hours, and daily. Each timeframe displays an up arrow (▲) for uptrend or down arrow (▼) for downtrend based on higher highs/higher lows analysis. The MTF table can be toggled on/off from the indicator settings.

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