Break Tracer MT5
- Indicators
-
Kestutis Balciunas
With over 16 years of active experience in financial markets, I specialize in developing high-performance forex trading strategies, technical indicators, and automated Expert Advisors for MT4/MT5. My work spans precision-engineered trading systems designed for accuracy, consistency, and real-world - Version: 1.1
Break Tracer Indicator is a non-repainting trend system for MetaTrader 5. It combines three independent trend tools into a single visual indicator: a fast EMA pair (default 26 / 50), a 200-period trend MA (EMA or SMA, with optional higher-timeframe anchor), and an ATR-based channel that filters out range conditions. A directional signal fires only when all three components agree -- the bar must close outside the channel, on the correct side relative to the trend MA, with the EMA pair aligned.
The trend MA is drawn as a 5-colour ribbon -- dark green (rising bull), light green (flat bull), orange (range), light red (flat bear), dark red (falling bear) -- so the regime can be read at a glance. An optional stop-loss line is drawn at each entry and tracks the trade for cross-under or bar-engulf hits. An optional Golden / Death Cross overlay marks the classic 50-vs-200 cross independently of the main trend system. Alerts cover entries, signal-change exits, and stop-loss hits across four delivery channels (popup, email, push, sound).
Check MT4 version at: Break Tracer MT4
See more products at: All Products
Check MT4 version at: Break Tracer MT4
See more products at: All Products
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How It Works
Three-Layer Trend Architecture
Layer 1 -- EMA Cross. Two exponential moving averages on the close: a fast EMA (default 26) and a medium EMA (default 50). Their relationship defines short-term momentum. Layer 2 -- MA Trend. A 200-period moving average that defines the dominant regime. EMA or SMA selectable. Optional higher-timeframe anchor (e.g., trade M30 with the trend MA pulled from H4) for traders who want lower-TF entries that align with a higher-TF trend. Layer 3 -- ATR Channel. A volatility envelope at trend MA +/- (ATR(200) x 0.618). Bars overlapping the channel are treated as ranging; no entry signal fires.
A long signal requires: bar closes outside the upper channel, close above the trend MA, and EMA fast above EMA medium. Short signals are the symmetric mirror.
Non-Repainting Architecture
Signals are evaluated only on closed bars. The current forming bar produces no signal label or alert. When the trend MA is sourced from a higher timeframe, the indicator references the previous closed HTF bar's value -- guaranteeing the reference cannot change as the live HTF bar evolves. Pine Script users will recognise this as the equivalent of request.security(..., expr[1], lookahead = barmerge.lookahead_on) . Historical signals match what would have appeared in real time exactly.
Stop-Loss State Machine
When enabled, the stop-loss line is drawn from each entry at Close +/- (Close x SL%) (default 2.618%). The state machine watches for two stop-out conditions: (1) cross-under for longs / cross-over for shorts -- close passes through the SL on the wrong side, or (2) bar engulf -- the bar's high-low range fully contains the SL level. On stop-out, the indicator marks the bar with a yellow SL label and fires the corresponding alert. On a regime change without a stop-out, the indicator places a yellow Close X marker for the orderly exit.
Key Features
- Three-layer trend system: fast EMA pair + 200-period trend MA + ATR channel
- Non-repainting -- all signals evaluated on closed bars only
- Optional higher-timeframe anchor for the trend MA (trade lower TF, align with higher TF)
- 5-colour trend ribbon: rising bull / flat bull / range / flat bear / falling bear
- Optional stop-loss line with cross-under and bar-engulf detection
- Optional Golden / Death Cross overlay (50-vs-200 EMA classic)
- Strategy 1 (cross) and Strategy 2 (direction) modes
- Position Type filter: Only Long, Only Short, or Both
- Period filter for backtest windows or session-specific trading
- 8 alert events: BUY, SELL, BUY-CLOSE, SELL-CLOSE, STOP-LOSS-LONG, STOP-LOSS-SHORT, GOLDEN-CROSS, DEATH-CROSS
- 4 alert channels: popup, email, push, sound -- independently togglable
- Once-per-bar alert deduplication prevents notification spam
- Works on all symbols (Forex, Crypto, Stocks, Commodities, Indices); all timeframes
Complete User Guide & Trading Manual
