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Price Break

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Published: 11 November 2015

Current version: 1.20

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Price Break

Indicators
Miguel Antonio Rojas Martinez
Version: 1.20
Updated: 17 November 2021
Activations: 15

The "Price Break" indicator is a powerful tool for any trader. If the price breaks the levels the indicator shows, there is a 77% chance it will go in the same direction.

If it exceeds the blue line, there are many possibilities for the price to rise. On the contrary, if it passes down the red line, it means that there are many possibilities for the price to drop.

We should always consider the latest indicator signal, so we should rely only on the last blue arrow and the last red arrow.

The indicator has only one input.

SPACES: increasing this value, the input is more refined, but of course, it will have less signals, by default, you should use the value 3.

The strategy is to place a pending order in each of these levels, and update whenever the indicator generates a new signal (arrow). When the indicator is shown on the very price, a pending order cannot be set. Execute the purchase or sale immediately.

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Screenshot #1 Price Break

Screenshot #2 Price Break

Screenshot #3 Price Break

Screenshot #4 Price Break

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Visualize your charts differently in MetaTrader 5. The product is good for comparing the prices, since the indicator draws High, Close, HLC, etc. It is useful when applied with other indicators (like MACD). This simple indicator colors the entire space below the chart allowing you to see the market with greater clarity. You will see the actual price, trends, and the market behavior. ‌Indicator parameters: Applied_Price : From this option you can select the type of price you want to draw with th

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This indicator works only 5 digits Brokers. It is impossible to talk about the study of the Forex market or any market without considering of that market statistics. In this case, our indicator "price statistics" we have a new way to study our chart, giving information of the price in a range of pips you want to study for example, can we know how many times the price closes or opens into spaces 10, 20, 30, 50, 100 pips or more; and know them not only in numbers but also draws this relationship a

The "Candle Pips" indicator is a tool that helps us a quick way to see the size of the candles on our platform; this is not only of great help to any trader who wants to study the market thoroughly, it is helpful in various strategies that are based on size of the candles. The indicator shows the value in Pips of each candle to our current graph, rounded to an integer. The indicator also shows the information as a histogram, at the bottom of the graph. It has simple inputs: Candle Type: this ent

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This tool allows you to better analyze your chart. With "Crosshair Percent", you can calculate distances in the chart in a percentage way (in a very simple way, when the pointer is attached in the form of a crosshair: CRTL + F). The utility allows to measure and/or calculate the movements of the price NOT only in points, use a measure in professional terms as it is the percentage. The result is shown in two parts of the screen, one of them, next to the position of the pointer and the other in a

Visualize your charts differently in MetaTrader 5. The product is good for comparing the prices, since the indicator draws High, Close, HLC, etc. It is useful when applied with other indicators (like MACD). This simple indicator colors the entire space below the chart allowing you to see the market with greater clarity. You will see the actual price, trends, and the market behavior. Indicator parameters Applied_Price : From this option you can select the type of price you want to draw with the

The "Five Candle Pattern" indicator is a novel way to see the market, because with it we can compare and/or seek training or the pattern of the past 4 or 5 Candles, and identify them in the same graph, to view your behavior at an earlier time. The indicator creates a pattern of those 4 or 5 candles and searches backward, identifies, and marks the same formation or pattern. With that information you adjust the strategy that is operating, or create a new one, because you can compare the past devel

This indicator works only 5 digits Brokers. It is impossible to talk about the study of the Forex market or any market without considering of that market statistics. In this case, our indicator "price statistics" we have a new way to study our chart, giving information of the price in a range of pips you want to study for example, can we know how many times the price closes or opens into spaces 10, 20, 30, 50, 100 pips or more; and know them not only in numbers but also draws this relationship a

The "Price Break" indicator is a powerful tool for any trader. If the price breaks the levels the indicator shows, there is aproximatelly a 77% chance it will go in the same direction. If it exceeds the blue line, there are many possibilities for the price to rise. On the contrary, if it passes down the red line, it means that there are many possibilities for the price to drop. We should always consider the latest indicator signal, so we should rely only on the last blue arrow and the last red a

This tool allows you to better analyze your chart. With "Crosshair Percent", you can calculate distances in the chart in a percentage way (in a very simple way, when the pointer is attached in the form of a crosshair: CRTL + F). The utility allows to measure and/or calculate the movements of the price NOT only in points, use a measure in professional terms as it is the percentage. The result is shown in two parts of the screen, one of them, next to the position of the pointer and the other in a

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lauro1956 2021.02.26 21:12 #

Señor Rojas, le escribo desde España. Le felicito por este brillante indicador, lo estoy usando y estoy asombrado de lo bien que va y lo preciso que es. No obstante me gustaría hacerle una pregunta que sólo el creador del indicador me puede responder con exactitud y me sería de gran ayuda para su mejor aprovechamiento. Cuando aparece una flecha encima de una vela que cierra en sentido contrario, o sea una flecha roja de venta, encima de una vela que cierra en compra ¿debo cambiar de direccion, o seguir como estaba? Le acompaño un gráfico para mejor comprensión. Gracias por su tiempo Mr. Rojas, I am writing to you from Spain. I congratulate you for this brilliant indicator, I am using it and I am amazed at how well it works and how accurate it is. However, I would like to ask you a question that only the creator of the indicator can answer me exactly and it would be of great help for me to make the best use of it. When an arrow appears above a candle that closes in the opposite direction, i.e. a red sell arrow, above a candle that closes as a buy, should I change direction or continue as I was? I am enclosing a chart for better understanding. Thank you for your time