A comprehensive trading assistant indicator that helps traders identify entry points, manage stop losses, and navigate news events with visual aids and alerts.
Explore complementary indicator rolesHow it works
The indicator creates multiple visual elements to assist traders in making strategic decisions. It draws key lines including a stop loss line positioned below or above the current candle with an additional pip value for precision. It also displays a break of candle (BOC) entry line and highlights the moment when a BOC entry signal occurs.
Additionally, the indicator allows manual input of news release times, creating visual warnings before and after these events. A news release line and surrounding box help traders avoid trading during potentially volatile economic announcements, while a table in the bottom right corner provides active news information.
Why it may be useful
Traders need multiple visual cues and strategic assistance to make informed trading decisions in fast-moving markets. This indicator provides critical information about potential entry points, stop loss placement, and market-moving news events, reducing the cognitive load on traders during active trading sessions.
By combining entry assistance and news alerts, the indicator helps traders maintain discipline, manage risk, and stay informed about potential market-disrupting events. The visual elements make complex trading information more accessible and easier to interpret quickly.
When to explore it
This indicator is most effective for traders using break of candle (BOC) entry strategies, particularly in short-term trading environments like scalping and day trading. It works best with traders who have a systematic approach to entries and want additional visual confirmation of their trading decisions.
The indicator is particularly useful during periods of potential market volatility, such as around economic news releases. Traders should customize the settings to match their specific trading instrument and strategy, always remembering to test the indicator thoroughly before live implementation.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
