Consolidation Breakout Indicator

5


The Consolidation Breakout Alerts Indicator will revolutionize your trading strategy.

Our innovative indicator offers unique buy and sell arrows when price breaks out from consolidation, allowing you to get in at the most optimal entry with minimal risk and maximum reward potential.

Never again will you miss out on the lucrative trading opportunities available in volatile markets.

Let the Consolidation Breakout Alerts Indicator do the work for you and reap the rewards!


Buy and Sell Arrows when price breaks out from Consolidation.

It Also Alerts –

  • On MT4
  • To Your Phone
  • To Your Email

  • Does not repaint.

  • Works on any Forex pair/timeframe - Simply adjust the settings for your pair/timeframe.

  • 10 Activations

  • See example of Alerts from today (23 May 22) using this and 2 other of my indicators here.

MT5 Version here


What is Consolidation Breakout & why is it important to you?

As you know, the market goes through phases of trend and consolidation.

Consolidation is a “phase” of price action where price doesn't move much for a some time. Areas of supply & demand/support & resistance, are relatively equal during consolidation.This often comes just before a large breakout & new trend formation (big move).

The Consolidation Breakout Indicator alerts you when the consolidation has finished & price has broken out.


Works very well in conjunction with the Trend Continuation Alerts Indicator.

 

Obviously, this indicator will not predict all breakouts all the time – the markets are unpredictable – otherwise we would all be successful all the time.

This is still Forex and you will not win every trade. Practice on Demo before trading with live money and always use good money management.

Please message me if you have any questions.

 

SETTINGS - Please make sure you input the correct settings for the timeframe/pair you are trading.

See the Video on comment #2


MaxConsolidationPips

Allows you to set the maximum number of pips between the top & bottom of the consolidation. (Fewer pips, fewer signals, but possibly more accurate.) Obviously this amount will depend on the pair & timeframe you are trading at the time.

    MinSignalBreakoutPips

    Minimum number of pips you want the signal candle to breakout of the consolidation.

      TrendEMA

      Indicator uses an Exponential Moving Average (EMA) to help determine trend. You can set this here.

        UpperMeanLevel and LowerMeanLevel

        These levels allow you to set how “still” the market price is during the consolidation. It’s a bit tricky to explain, but at the end, there are example values to use.
        Mean price level is in the middle of the consolidation high & low (the average). The indicator looks at all the candle highs & lows to see how close they are to the mean. The closer, the more “still” the price has been.
        A setting on 0.5 for both the UpperMeanLevel and LowerMeanLevel is exactly in the middle & you will get very few signals.If you want to allow price to be less “still” (ie the candles can move up & down a bit) then increase the UpperMeanLevel and reduce the LowerMeanLevel.
        UpperMeanLevel should be between 0.5 and 1- the closer to 1, more signals, less accurate. LowerMeanLevel should be between 0 and 0.5- the closer to 0, the more signals, less accurate.
        NB. It is a good idea to always make these values add up to 1. Ie if the UpperMeanLevel is 0.6, the LowerMeanLevel should be 0.4 (0.6+0.4=1).

          SignalCandleMaxProportion

          Allows you to set the maximum size of the signal (breakout) candle compared to the size of the Consolidation. A value of 1 means the candle can be as big as the consolidation. Higher than 1 means it can be bigger. Be careful of having this value too high as a very large candle may have been formed by a News event (or Bank Manipulation etc) and a price correction may be coming very soon.

            EMATrendGapPips

            Determines the slope of the EMA which is also an indication of the strength of the trend. The value is the number of pips higher or lower the EMA is at the end of the consolidation compared to the beginning of the consolidation. The higher the value, the stronger the trend, fewer signals & the end of the trend may be coming. 

              TimeOfTheDay(from hour)

              The hour you want the Indicator to start each day.

                TimeOfTheDay(from mins)

                The number of minutes past the hour you want the Indicator to start each day.

                  TimeOfTheDay(to hour)

                  The hour you want the Indicator to stop each day.

                    TimeOfTheDay(to min)

                    The number of minutes past the hour you want the Indicator to stop each day.

                      Send_Email

                      The indicator will send an alert to your email (set this up in MT4).

                        Audible_Alerts

                        The indicator will give a sound alert and pop-up message in MT4.

                          Push_Notifications

                          The indicator will send an alert to your phone (set this up in MT4).
                          Reviews 1
                          Aravind Kolanupaka
                          10229
                          Aravind Kolanupaka 2023.11.13 02:29 
                           

                          Good indicator

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                          Bernhard Schweigert
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                          Trading Special – 40% OFF Best Solution for any Newbie or Expert Trader! This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher TF but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :) Important Information Revealed Maximize the pot
                          This indicator has been designed to integrate with the Elliott Wave theory, providing two distinct methods of operation: Automatic Work: In this mode, the indicator operates autonomously by detecting all five motive waves on the chart according to Elliott Wave theory. It offers predictions and identifies potential reversal zones. Additionally, it has the capability to generate alerts and push messages to notify traders of significant developments. This automated functionality streamlines the pro
                          Introduction to Fractal Pattern Scanner Fractal Indicator refers to the technical indicator that makes use of the fractal geometry found in the financial market. Fractal Pattern Scanner is the advanced Fractal Indicator that brings the latest trading technology after the extensive research and development work in the fractal geometry in the financial market. The most important feature in Fractal Pattern Scanner is the ability to measure the turning point probability as well as the trend probabi
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                          Christopher Graham Parish
                          *** Introductory Offer!  ***  Ends soon - Price will increase - do not miss it! This EA Closes ALL open trades (with the same magic number on the that pair) at a certain level of profit - either in money or in percentage of balance. So if you have multiple trades open, you can choose to close them all as one "basket" using this EA. For spreads from a tiny 0.1 pips RAW/ECN Accounts,  click here . Check out my Waka Esque EA signal here: >>   High Risk Settings  or  Medium Risk Settings . Setti
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                          Aravind Kolanupaka
                          10229
                          Aravind Kolanupaka 2023.11.13 02:29 
                           

                          Good indicator

                          Christopher Graham Parish
                          2839
                          Reply from developer Christopher Graham Parish 2023.11.13 08:26
                          Thank you Aravind
                          Reply to review