Identify High-Probability Entry Points with AD_SmartScalp_DRB (Daily Range Breakout)
Struggling with entry and exit decisions? The AD_SmartScalp_DRB is your key to simpler trading! This innovative indicator analyzes market data to identify high-probability trading opportunities across various markets, from stocks to crypto.
Here’s what sets AD_SmartScalp_DRB apart:

Key Features:

• Daily Range Breakout (DRB): Utilizes a sophisticated algorithm to identify key reference points within the trading day, establishing a dynamic range for breakout opportunities.
• EMA Filter: Incorporates 9-period and 21-period EMAs for potential trend confirmation, allowing you to discern between fast and slow trends.
• Buy/Sell Signals: Generates long (buy) and short (sell) signals based on the closing price relative to the DRB.
• Customizable Target Types: Offers a choice between “R:R” (Risk-Reward Ratio) for static profit targets or “Trailing” for dynamically adjusting take profit levels.

• Multiple Take Profit Levels: Provides 1 to 5 potential take profit levels for flexible profit-taking strategies. At TP1, you achieve 1.5x reward; at TP2, 2x; at TP3, 3x; at TP4, 4x; and at TP5, 5x reward for the amount you risk (trade amount).
• Visual Entry and Exit Levels: Clearly delineates entry, stop-loss, and take profit levels on the chart for easy visualization.

Usage Instructions:

1. Apply the indicator to your desired chart.
2. (Optional) Choose the target type (R:R or Trailing) to suit your trading style.
3. Look for buy/sell signals based on the indicator on LTF.
4. Consider the EMAs for additional confirmation of the trend direction.
5. Manage your trades based on the provided entry, stop-loss, and take profit levels.

Limitations and Disclaimers:

AD_SmartScalp_DRB is designed to assist your trading decisions but does not guarantee profits. Backtesting results may not be indicative of future performance. It is recommended to use this indicator in conjunction with other technical analysis tools and robust risk management strategies.

This indicator is suitable for day traders, swing traders, and scalpers who want to identify potential breakout opportunities across various markets, including Crypto, Forex, and Commodities.