KT Asian Breakout Indicator
KT Asian Breakout indicator scans and analyzes a critical part of the Asian session to generate bi-directional buy and sell signals with the direction of a price breakout. A buy signal occurs when the price breaks above the session high, and a sell signal occurs when the price breaks below the session low.
Things to remember
- If the session box is vertically too wide, a new trade should be avoided as most of the price action has already completed within the session box.
- If the breakout candle is too big, the price often reverses temporarily before continuing to the signal direction.
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