OPEN-SOURCE SCRIPT

London Breakout PRO – By Maa Sharda Trading

209
📈 London Breakout PRO (MAA SHARDA TRADING) – Indicator Description for TradingView
Introducing: London Breakout PRO – The Advanced Breakout Tool for Gold & Forex!

Unlock the real power of London session trading with this next-generation indicator.
Specially designed for serious traders, this tool combines classic London Breakout logic with EMA Trend Confirmation and an optional Volume Filter to eliminate fake breakouts and boost your accuracy.

How It Works:
Session Box: Automatically marks the first [customizable] session candle (default: 1H for London Open).

Breakout Signal: Gives only one clean BUY/SELL signal each day – only when the candle breaks out above/below the session box.

Trend Filter: Signals fire only when price is above (BUY) or below (SELL) the EMA 20, ensuring you always trade with the trend.

Volume Confirmation: (Optional) Signals only if breakout happens with volume higher than the last 10 candles’ average, so you avoid low-liquidity fakeouts.

Ultra-Clean Chart: No repainting, no clutter, just pure breakout action.

Key Features:
✅ Works on any timeframe (M15, M30, H1 best for Gold/XAUUSD & FX)
✅ Fully customizable session start time and box duration
✅ One breakout signal per day – no overtrading, no noise
✅ Trend & volume filters for high-probability setups
✅ Easy visual backtesting – perfect for serious traders and strategy builders

Recommended Settings for GOLD (XAUUSD):
Timeframe: 1 Hour (H1) – best accuracy & lowest noise

Session Start (IST): 11:30 AM (London Open)

Box Length: 1 Candle (1 Hour)

EMA Length: 20

Volume Filter: On (for strong confirmations)

How To Use:
Wait for London session box to form at your set time.

Trade only when price closes above (BUY) or below (SELL) the box and EMA 20 & volume filters are satisfied.

Place SL at the opposite side of the box. Target 1:1 or let profits run with trailing stop.

Avoid trading during high-impact news events for even better results.

Pro Tip:
Backtest on H1 and combine with major support/resistance for the highest win-rate. Use with proper risk management for best results!

Disclaimer:
Trading involves risk. This indicator is for educational purposes only. Test thoroughly before live trading.

#LondonBreakout #XAUUSD #BreakoutStrategy #EMAConfirmation #VolumeFilter #TradingView #ForexIndicator #IntradayTrading

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.