This indicator is a tool to visualize the trading logic of a contrarian strategy called "Fade Breakout" on your chart. It does not perform actual trades but shows how a position would be managed from entry to exit when a signal occurs.

Key Features

Entry Signals:
- It utilizes the Donchian Channel.
- Buy Signal (Contrarian): When the price breaks down below the lower Donchian Channel band, it displays a buy signal (blue up arrow ↑).
- Sell Signal (Contrarian): When the price breaks out above the upper Donchian Channel band, it displays a sell signal (red down arrow ↓).
Risk Management:
- Upon entry, an initial Stop Loss (red dotted line) and a first Take Profit (green dotted line) are drawn, based on the ATR (Average True Range).
- When the first Take Profit (TP1) is hit, a gold star (★) appears, and the stop loss is moved to the entry price (break-even).
- After that, an ATR-based Trailing Stop activates to secure profits by following the price. The trailing stop's path is displayed as a magenta line.
Trade Exits:
- Stop Loss: If the price hits the stop-loss level, it is marked with a red square (■).
- Trailing Stop Exit: If the price hits the trailing stop, it is marked with a blue square (■).
ADX Filter:
- You can optionally enable the ADX filter.
- If the ADX is higher than a specified value (indicating a strong trend), it will disable new entry signals. The current status (Entry OK / No Entry) is shown in the text at the top-left of the chart.