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Smart Money Breakouts with heikin ashi break [algo setup ]

The "Smart Money Breakouts with Heikin Ashi Break" indicator is designed to identify breakout opportunities using Heikin Ashi candles, providing clear buy and sell signals based on price action and risk management parameters. It also offers visual aids such as lines and labels for stop-loss (SL) and take-profit (TP) levels, calculated dynamically based on user-defined risk-to-reward ratios (RR).

Key features include:

Dynamic Risk/Reward Calculation: Set your RR ratio and adjust SL based on candle wicks or bodies.

Buy/Sell Signals: Detects pivot highs (PH) and pivot lows (PL) for potential breakouts, marking them on the chart with buy/sell triggers.

Trade Management: Automatically plots TP and SL lines after trade initiation, updating in real-time based on price movement.

Volume Analysis: Analyzes green (bullish) and red (bearish) volume to indicate market strength, shown as a colored signal on the chart.

Alerts: Sends alerts when conditions for entry, TP, or SL hits are met.


This tool is ideal for traders looking to capitalize on trend breakouts, with clear visual markers and automated risk management.
Pro version features
°all winning trade in table
°all losses trade in table
°win rate
°trade sequence chart
°total profit
°past day win/losses trade day by day
°more...

Pro version get
Patron/pradeep262899
Or
What'sup +94764113530
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Script de código aberto

No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.

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