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Breakout Strength Meter - MT4 - script for MetaTrader 4

[Deleted]
Views:
13463
Rating:
votes: 15
Published:
2021.01.25 20:30
Updated:
2021.02.20 16:05
Download as ZIP, How to download code from MetaEditor

INTRODUCTION :

The breakout strength meter is a trading tool that is used to identify which currencies are the strongest to breakout, and which currencies are the weakest to breakout.

Don't hesitate to send all your comments and I would appreciate rating this trading tool.



HOW TO USE IT :

You can check the following video that will explain how to

  • define and see how a breakout strength meter works.
  • use this trading tool to confirm real and fake breakouts (the most important part)
  • compile the script in MT4 or MT5.

You can also check the following video. It is about Currency Strength Meter


SCREENSHOT :



The colored volumes (English Version) The colored volumes (English Version)

Colored volumes at the bottom of the chart

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INDICATOR Breakout Strength Meter - MT4 INDICATOR Breakout Strength Meter - MT4

The breakout strength meter is a trading tool that is used to identify which currencies are the strongest to breakout, and which currencies are the weakest to breakout