MiniBull Logical Pro is a multi-timeframe trend and false-breakout indicator designed for technical analysis. It integrates Monthly (MN1) and Weekly (W1) close-based trends to establish a Main Trend, which is bullish only when price is above both MN1 and W1 closes, and bearish only when below both. The indicator monitors Daily (D1) high and low levels for false breakouts, identifying when price breaks a previous daily high or low but closes back within the daily range.
Upon detecting such a false breakout, MiniBull Logical Pro scans seven intraday timeframes (M15, M30, H1, H4, H8, H12, D1) for moving average reversals using SMA, EMA, or KAMA within an ATR-defined touch zone. It generates buy or sell signals only if a timeframe confirms the reversal and the signal aligns with the Main Trend direction. A live panel displays key information including MN1/W1/Main trend status, D1 levels and ATR, price position relative to the D1 range, moving average confirmations, and current signals. A proximity warning alerts users when price approaches MN1/W1 levels, indicating potential trend flips. The "Confirm Only On Bar Close" feature prevents repainting of signals.
Originally optimized for NAS100 on M15, MiniBull Logical Pro is fully configurable and applicable to any symbol or timeframe for both live trading and backtesting.