TitansAlgo Sureshots v2

Overview:

The TitansAlgo Sureshots indicator is a breakout trading strategy designed to capitalize on the first candle of the market session. It identifies buy and sell signals based on price breakouts and automatically calculates stop-loss (SL) and take-profit (TP) levels using a risk-reward ratio (RR) parameter.


Entry Logic:

A buy signal is generated when price breaks above the first candle’s high.

A sell signal is generated when price breaks below the first candle’s low.

The system ensures only one trade per day to avoid overtrading.

Risk Management:

The stop-loss (SL) is placed at the opposite side of the first candle’s range.

The take-profit (TP) is calculated dynamically using the Risk-Reward Ratio (RR) input (default = 2.0).

Visual Signals & Alerts:

Green dots (Buy Signal) appear below bars when a long position is triggered.

Red dots (Sell Signal) appear above bars when a short position is triggered.

Buy and Sell Labels appear on the next candle to confirm trade signals.

Lines for TP and SL are drawn on the chart for better visualization.

Custom Styling:

Background highlights the first candle of the session.

Candles are color-coded:

Green for bullish bars

Red for bearish bars

Wick colors match candle sentiment

Ideal for Traders Who:

✅ Prefer breakout trading strategies based on market structure.
✅ Want a simple yet effective system with built-in risk management.
✅ Need clear visual signals for entry and exit points.
✅ Trade on intraday timeframes and follow structured trading rules.

This indicator is designed to provide high-probability trade setups, making it a valuable tool in the TitansAlgo suite for traders looking to optimize their market entries and exits. 🚀