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Breakout - indicator for MetaTrader 5
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- Published:
- 2018.06.06 13:28
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The indicator shows on a chart High and Low levels over the specified time interval, which is set as hours and minutes of the period beginning and end.
The indicator shows two zones: "period" and "area". When the price is in the period zone, the values of the High and Low levels are recalculated.
The indicator allows setting:
- the hour and minute of the beginning of the "period" zone
- the hour and minute of the end of the "period" zone
- the hour and minute of the end of the "area"
The "area" zone begins right after the end of the "period" zone
It has five input parameters:
- "Period" Hour begin - the hour of the beginning of the period zone
- "Period" Minutes begin - the minute of the beginning of the period zone
- "Period" Hour end - the hour of the end of the period zone
- "Period" Minutes end - the minute of the end of the period zone
- "Area" Hour end - the hour of the end of the area zone
- "Area" Minutes end - the minute of the end of the area zone
Fig.1. "Period" from 00:00 to 05:00, "Area" to 23:00 on the H1 chart
Fig.2. "Period" from 00:00 to 05:00, "Area" to 23:00 on the M15 chart
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20343
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