Verdict: A weak breakout. Not worth chasing. Wait for a stronger candle (BR > 0.65).
Visually, it appears as a band or channel overlaid on a price chart. fmcbr indicator
The indicator identifies "Fractals"—five-bar patterns where the middle candle is the highest or lowest. These act as the "ceilings" and "floors" of the market. The FMCBR plots these levels as horizontal zones. 2. The Multi-Candle Breakout Verdict: A weak breakout
The five components function as follows: fmcbr indicator
Triggers alerts when price breaks specific candlestick zones and reaches key Fibonacci levels.