False Breakout Trap Radar MT5
- Indicators
-
Konstantin Chechnev
💻 01 / METATRADER DEVELOPMENT
────────────────────────
I develop solutions of any complexity — from indicators, trading panels and utilities to multi-level analytical systems, Expert Advisors, optimizers and specialized market research tools. - Version: 1.0
- Activations: 5
A breakout and the return through a level can be studied as a sequence of events. False Breakout Trap Radar for MetaTrader 5 tracks price behavior around key levels and marks signs of a false breakout once confirmation is complete.
You can watch an event as it develops. An arrow and any enabled alert appear only after confirmation by a closed candle. The indicator distinguishes a quick move beyond a level followed by a return, a failed attempt to hold beyond a level, and areas of range compression.
Main features
- Level detection. Uses swing highs and lows, the previous day's high and low, repeated touches and rejections, and proximity to round-number prices.
- Breakout tracking. The model follows the approach to a level, the move beyond it, and the return. It considers breakout depth, candle closes beyond the level, the extreme reached, and time spent outside.
- Event classification. Liquidity Sweep identifies a quick move beyond a level and a return without sustained acceptance. Trapped Longs and Trapped Shorts identify patterns where price initially holds beyond a level, then moves back through it. These labels describe a price-based model, not verified positions or liquidations of other market participants.
- Battle Zone. Highlights compressed ranges with repeated crossings of the midpoint, candle wicks, and limited directional progress. The zone does not specify the direction of a subsequent breakout in advance.
- Event assessment. The final score combines breakout and return characteristics, candles, trend, activity, and the trading session. Tick volume, range, and spread are compared with adaptive baselines for the relevant session.
A confirmed event displays a zone, a calculated price reference (pain price), a projected price corridor, and an invalidation level. Directional zones are tracked for up to 36 bars and Battle Zones for up to 12. An active zone's status can update or end; this is separate from fixing an arrow.
Current tick activity, changes in tick direction, and average and maximum spread are displayed separately. These diagnostic data are not included in the confirmed score.
Usage and limitations
When attached, the indicator reconstructs past levels and events to establish context, but does not add arrows retrospectively. New arrows relate only to events confirmed after startup. With historical data and settings unchanged, subsequent candles do not recalculate previously confirmed arrows.
For testing, use the visual Strategy Tester with the "Every tick based on real ticks" modeling mode. Move forward from startup and observe the transition from a developing event to confirmation. The absence of arrows before the indicator starts is intentional.
False Breakout Trap Radar is an indicator, not an Expert Advisor. It does not open, modify, or close positions. The score and projected corridor are model estimates, not a verified probability of a profitable trade or a guarantee that a target will be reached. Trading and risk decisions remain with the user. Results depend on quotes, historical data, spread, and broker conditions; testing does not guarantee future results.
Settings
Signal selection
- M1 signal mode. Default: Hourly average. Accurate, Frequent, and Custom are also available. In Custom mode, the default threshold is 70, with a range of 60 to 90. Mode names do not specify a fixed signal count: frequency depends on the market and selection criteria.
- M5+ minimum score. Default: 75, range 60 to 90. Sets the minimum score for M5 and higher timeframes. Higher values make selection stricter.
Levels and filters
- Level visibility. Default: 80 bars, range 40 to 200. Adjusts level selection: higher values make it stricter, while lower values allow more candidates.
- Minimum sweep depth. Default: 0.06 ATR, range 0.02 to 0.30. Sets the minimum distance beyond a level. Return confirmation: default 0.45 ATR, range 0.25 to 1.20, for confirming the return. ATR stands for Average True Range, a measure of volatility.
- Same-side pause. Default: 6 bars, range 0 to 30. Limits repeated confirmations on the same side.
- Spread filter. Default: 3.5, range 1.5 to 6.0. Sets a threshold for the spread's normalized deviation from its session baseline, not a fixed number of points.
Display and alerts
- Visible events. Default: All. Filters include Signals, Traps, Sweeps, and Battle Zones. Show developing events is enabled by default; hiding developing events does not change the calculation.
- Panel. Default: Standard; Detailed shows the assessment components. The default panel width is 34%, with a range of 30 to 45%. The interface automatically supports 11 languages.
- Alerts. Default: Popup. Off disables alerts, Popup enables terminal messages, Push enables push notifications, and Both enables both options.
Start with the default settings. Change one parameter at a time and check its effect on a later period of data. Suitable settings depend on the instrument, timeframe, and market conditions.
