Market / MetaTrader 5 / Utilities /

Breakout Meter

Demo downloaded: 1

Published: 6 May 2025

Current version: 1.0

Breakout Meter

Utilities
Nana Yaw Osei
Nana Yaw Osei
Technical Operations at LightTradeFOREX

Ghana

1337
LightTrade Forex.
Providing EAs and trading utilities for global forex learners.
Specialized in risk management, trend following, and trade journaling.
Offering advanced tools for optimal trade exits and performance tracking.
Version: 1.0
Activations: 5

Overview

Breakout Meter is a price action tool that identifies key breakout zones based on recent daily price activity. It highlights areas where momentum is likely to trigger, helping traders anticipate breakouts or reversals with minimal configuration.

How It Works

The EA analyzes a user-defined number of recent daily candles and marks high and low zones where price has shown strong reactions. It automatically updates levels with new data and removes outdated zones to keep charts clear. Users can choose to base levels on candle wicks or bodies.

Key Features

Breakout zone detection based on recent high/low reactions
Automatic level updates with adaptive zone tracking
Option to use wicks or bodies for zone calculations
Eliminates the need of having to draw support resistance manually
Works with any symbol and asset class in MetaTrader 5

Inputs

TopDaysToAnalyze: Number of daily candles to analyze (default: 10; range: 3–100)
UseWicks: Use candle wicks (true) or bodies (false) for zone detection

Best For

Traders identifying breakout or reversal levels
Structure-based strategies and directional setups
Enhancing trend, range, or reversal strategies with visual support

Platform Compatibility

MetaTrader 5
All supported instruments
Monitored timeframe: Daily
Attach to any chart to begin analysis

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Breakout Meter

Nana Yaw Osei

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