Market / MetaTrader 4 / Indicators /

One to Three Trendline Breakout

89 USD

Demo downloaded: 484

Published: 10 January 2020

Current version: 2.0

One to Three Trendline Breakout

Indicators
Nesimeye Oswald
Version: 2.0
Updated: 22 July 2023
Activations: 5

Note : The slow loading of the indicator issue has been addressed . This new version loads fast and does not slow the platform.

Version 1.3 : We have updated the indicator to include an historical bar scanning option . So instead of scanning all bars in the history (which can make the indicator slow sometimes ) , you can select the maximum number of bars it can scan which can increase the performance and make the indicator faster.

This indicator scans the 1-3 Trendline pattern . The indicator is a 100 % non repaint low risk breakout system. The patterns are formed around swing high and swing lows which make them a low risk pattern with high reward.

PATTERN BACKGROUND

The 1-3 Trendline Breakout pattern is formed by four(4) points which are composed of three (3) primary points and the pattern neck. A trendline is always formed by the point 1 and the neck of the pattern . When price breaks out of the trendline formed , it usually indicates a shift in supply and demand and thus a possible new trend. The 1-3 Trendline Pattern occurs in every market and it is formed by supply and demand. This means the pattern is not limited to forex market only but can also be used to trade commodities are stocks.

HOW TO USE

1. Spot the pattern when the signal comes up

2. Make sure the trendline has not been broken before .When this happens in most cases it is usually a false pattern but there are also some successful pattern formed this way. Our advise is if you are going to risk taking this type of pattern , make sure the stop loss/risk level is very small.

3. Trade the signal

4. Close partial profit at a 1:1 risk to reward ratio. This means when price reaches a profit equals to the risk, close out part of the trade and ride out the rest profits.

INPUTs

1. Pattern Period : The pattern are created using zigzag. The pattern period is the zigzag period.

2. Bullish Pattern : Bullish pattern color

3. Bearish Pattern : Bearish Pattern color

4. PopUp Alert : True/false

5. Phone Notification : True/false

6. Email Notification : True/false

FINAL NOTE

Forex is market driven by sentiment and sentiments can change in seconds thus no forex strategy is a 100% profitable . Always trade with discretion , take calculated risks and don't stake what you are not ready to lose . Stay safe and stay green on the pips.

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tradingforyou 2021.06.20 18:31 #

Good product, especially for breakout traders

202

tsomoney 2021.06.11 13:33 #

Excellent Indicator!!!!

EA Permata Trend Work Multi Pair Trading : Multi Pair Follow Trend Auto Lot News Filter Auto Stop Loss Manual Take Profit Trailling Stop Daily Target Close Target Max loss protection Time Setting Trial version avaliable only 1 month , get full version after trial version expaired Live signal here https://www.mql5.com/en/signals/921871 Leave Reviews , comment , fedback . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Regards

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89 USD

M & W Pattern Pro is an advanced scanner for M and W patters , it uses extra filters to ensure scanned patterns are profitable. The indicator can be used with all symbols and time frames. The indicator is a non repaint indicator with accurate statistics calculations. To use , simply scan the most profitable pair using the statistics dashboard accuracy , then enter trades on signal arrow and exit at the TP and SL levels. STATISTICS : Accuracy 1 : This is the percentage of the times price hit

89.99 USD

A trendline breakout refers to a situation in technical analysis where the price of an asset breaks through a trendline that has been established by connecting previous highs or lows. Trendlines are drawn on price charts to help identify the direction and strength of a trend. When a trendline is broken, it can indicate a potential change in the trend and the possibility of a new price movement. There are two types of trendline breakouts: bullish and bearish. A bullish trendline breakout occurs

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The system is a free open source pine script originally published on TradingView by everget . It was converted to Mt4 by Forex Robot Makers This system is a popular trend indicator based on ATR ( Average True Range ) , Moving Averages and the Donchian channel . System BackGround ATR The average true range is an indicator of the price volatility of an asset. It is best used to determine how much an investment's price has been moving in the period being evaluated rather than an indicatio

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This Currency Meter Calculates Strength Using a currency basket of 28 pairs? This Currency Meter uses a basket of 28 currency pair to define strength. This is very important because it gives an wholesome view of the strength of a currency by considering its reaction to all major currencies paired with it. This Currency Meter is Multi-timeframe!!! Majority of the currency strength indicators around the market today only has a single time frame view. Even with the so called multi-timeframe versi

79 USD

89 USD

Most of the time, market reversals / pull backs usually follow volume and price spikes thus these spikes could be the first indication of an exhaustion and possible reversal/pullback. High volume Turns is an indicator that scans the market for price and volume spikes around over-bought/over-sold market conditions. These spikes when spotted serves as the first indication of reversal/pullback. Note : Though it seems ok now but this is a system that is still under development. We have made it p

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The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards . The swing continuation indicator also combines Currency Meter as a filter for its execution. The idea is to go with both the price trend flow and currency trend flow. Which means the price action must be supported by the currency st

79 USD

This free version can only be used for GBPUSD M15 chart . To use on all time frames and pairs , Get Pro Version The swing continuation pattern happens in a trend direction after a short reversal / pull back . As the name suggests , these patterns occurs along the swing high and swing lows of a trend , this makes the patterns very low risk patterns with potential high rewards . The swing continuation indicator also combines Currency Meter as a filter for its execution. The idea is to go with

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The Volatility Ratio was developed by Jack D. Schwager to identify trading range and signal potential breakouts. The volatility ratio is defined as the current day's true range divided by the true range over a certain number of days N (i.e. N periods). The following formula is used to calculate the volatility ratio: Volatility Ratio (VR) = Today's True Range/True Range over N number of days To calculate the volatility ratio, the true range is calculated using the following formula: Today's True

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The popular saying in forex "The Trend is your friend" has always stood the test of time because it is valid statement for every generation of traders and in every market. Most successful traders do not fight against the trend but lend to flow with it. Sometimes finding the best pair to trade can be a daunting task even when you have a good strategy . Some strategies works well with trending markets and some don't . So the question is how can you easily spot trending pairs without any hass

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This indicator scans the 1-3 Trendline pattern . The indicator is a 100 % non repaint low risk breakout system . The patterns are formed around swing high and swing lows which make them a low risk pattern with high reward. PATTERN BACKGROUND The 1-3 Trendline Breakout pattern is formed by four(4) points which are composed of three (3) primary points and the pattern neck. A trendline is always formed by the point 1 and the neck of the pattern . When price breaks out of the trendline formed ,

89 USD

Camarilla Pivots Historical plots the historical data of the camarilla pivot point levels on the chart. The Camarilla Pivot levels was originated in 1989 by Nick Scott. The levels are used as primary support and resistance levels by Intraday traders. The levels are calculated with the following formula: R4 = C + RANGE * 1.1/2 R3 = C + RANGE * 1.1/4 R2 = C + RANGE * 1.1/6 R1 = C + RANGE * 1.1/12 PP = (HIGH + LOW + CLOSE) / 3 S1 = C - RANGE * 1.1/12 S2 = C - RANGE * 1.1/6 S3 = C - RANGE * 1.1/4 S4

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Momentum channel is a simple momentum based system yet with a great degree of accuracy in detecting turning points. The market momentum are defined by Average True Range Channels . When price breaks these channels most times , it is an indication of a shift in market momentum and thus a possible new trend formation. The system can be traded on any time frame and symbol and can also be used to trade commodities and stocks. INPUT MENU ATR_Period : Average True Range Momentum Period ATRMultip :

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Ask any successful forex traders the secret of their success and they will tell you that the first key to a successful forex trading is proper trade management. Trade management is what differentiates the rookie from the pro in Forex. While the rookie trades based on emotions and greed, the pro trades based on certain logic and rules . These logic and rules are all embodied in a successful Trade Management System. Advanced Trade Manager is a combination of different trade management systems desi

30 USD

Good News ! Advanced Currency Meter is more awesome now ! If you have been a fan of the free version of Advanced Currency Meter then I will implore you not to be discourage because you will soon find that the new paid version is worth every dime. Unlike the free version the new paid version of Advanced Currency Meter now has a newly added panel called the “% Daily Range” . Why A Paid Version Now? We believe you like good things and many who has used Advanced Currency Meter over the years will te

30 USD

79 USD

Pivots Dashboard is the single most complete instruments set for Pivot Points trading currently available in the market. We have done a comprehensive research prior to the product design to make sure that this product meets every need of Pivot Point trading. Pivots Points are significant levels technical analysts can use to determine directional movement and potential support/resistance levels. Pivot Points are thus predictive or leading indicators. While the points were originally used by floor

79 USD

WOLFE WAVE PATTERNs First discovered by Bille Wolfe . The wolfe wave is a 5 wave price action pattern that is formed by supply and demand in a market and the fight to reach equilibrium in the market . The entry spot of the pattern is defined by the breakout of the trend created by wave 1 and wave 3 . This pattern forms in any market where there is supply and demand thus it can also be used to trade commodities and stocks. Wolfe Waves are reversal patterns that usually carry a low risk margin. P

89 USD

Channel Vertex is a price action pattern formed by price Chanel and a triangle pattern . Price channels basically indicates possible support and resistance zones around a price movement and retracement or breakout at these levels can indicate possible trend continuation or reversal . Majority of the times price fluctuations forms triangle patterns defined by 3 vertexes , these triangle patterns most times defines a trend continuation. A triangle pattern is a trend continuation pattern tha

79 USD

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Arhyel Mshelia 2021.10.08 13:33 #

User didn't leave any comment to the rating

tradingforyou 2021.06.20 18:31 #

Good product, especially for breakout traders

202

tsomoney 2021.06.11 13:33 #

Excellent Indicator!!!!

Version 2.0 2023.07.22

We did a Bug fix on the old version

Version 1.9 2023.07.01

Fixed a minor bug in the previous version

Version 1.8 2022.10.11

We have upgraded the load time to make the indicator work faster and use less computer resources.

Version 1.7 2021.07.04

Fixed bug in last update

Version 1.6 2021.07.04

Fixed a bug in the last update

Version 1.5 2021.07.03

In this version we have hard coded the indicators used into the indicator file. So even if clients don't have the indicators used in their terminal, the indicator will still work perfectly

Version 1.4 2021.06.30

The Line Display was updated based on a customer request. There is an option to set the Line Display Style Now

Version 1.3 2021.06.18

We have updated the indicator to include an historical bar scanning option . So instead of scanning all bars in the history (which can make the indicator slow sometimes ) , you can select the maximum number of bars it can scan which can increase the performance and make the indicator faster.

Version 1.2 2021.04.28

The slow loading of the indicator issue has been addressed . This new version loads fast and does not slow the platform.

Version 1.1 2020.01.28

The indicator lag issue has been addressed. An history scan limit has been added to aid faster loading on the chart. Also an improvement has been made on the signal arrows plotted on the chart.

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