LineBreakMT4

Key Features:

  1. Type of Indicator: Line Break Chart Indicator
  2. Usage: Identifying trend reversals and potential market turning points.
  3. Input Parameters: The primary input parameter is 'Lines_Break,' which represents the number of lines the price needs to move to create a new line in the opposite direction.

How it works: The indicator draws green and red histogram bars to represent the line break chart. Green bars indicate an upward trend, and red bars indicate a downward trend. The indicator calculates the highest high and lowest low of the specified number of lines break and compares them with the current high and low. If the current high is greater than the highest high of the specified lines break, the trend is considered bullish. If the current low is lower than the lowest low of the specified lines break, the trend is considered bearish.

Usage: Traders can use the LineBreakMT4 indicator to identify potential trend reversals and market turning points. When the histogram changes color from red to green, it signals a potential trend reversal to the upside, and traders might consider entering a long position. Conversely, when the histogram changes color from green to red, it signals a potential trend reversal to the downside, and traders might consider entering a short position.

The usages with the  ZigZag TrendLine MT4 Indicator for increasing the accuracy of predictions:

You can find the following indicator by the following linkage.

https://www.mql5.com/en/market/product/96399?source=Site+Profile

This Free indicator must used with the  ZigZag TrendLine MT4 Indicator to find the accurate result.

As explained in the graphic in the second ther is five point circled 

green represented +ve

red represented -ve

  • if green line is above or below or just cut the red histogram that means downtrends +ve and -ve becomes -ve.
  • if green line is above or below or just cut the green histogram that means uptrends +ve and +ve becomes +ve.
  • if red line is above or below or just cut the green histogram that means downtrends -ve and +ve becomes -ve.
  • if red line is above or below or just cut the red histogram that means uptrends -ve and -ve becomes +ve.
  • if the red or green is in between the histogram that mean horizontal trend.  Wait and See.


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Or (TDO)  which is an index that measures the price rate of change using the principle of " Pure Momentum ". When a security price advances from 10 to 15 then the price rate of change is 150% but when it declines back from 15 to 10 then the price rate of change is 33.3% only. That is why technical analysis indicators like "Price Rate of Change" (ROC) or "Momentum" give higher readings for ascending price movements than those given to descending ones. TDO fixes this problem to help traders at rea
Prop Firm Sniper
Mohamed Hassan
4.33 (6)
Indicators
Prop Firm Sniper MT4  is a professional market structure indicator that automatically identifies high-probability BUY and SELL opportunities using BOS and CHoCH analysis. Recommended Timeframes: For backtesting, use the indicator on   M5 or M15   for Gold (XAUUSD), and   M15 or H1   for more volatile Forex pairs such as   GBPUSD, USDJPY, EURGBP , and similar markets. CONTACT ME AFTER PURCHASE TO CLAIM YOUR FREE BONUSES! Prop Firm Sniper  is a professional market structure indicator designed t
Non repaint MT4
Yan Zhen Du
Indicators
This is a professional chart indicator designed for traders focused on stability and clear price action. It helps filter market noise and provides clear visual entry and exit zones for your trading decisions. Core Features: Strictly Non-Repainting: The system is built with strict non-repaint logic. What you see on the chart is the true historical performance. Confirmed Signals: Signals are triggered and confirmed only after the candle closes . Once a trading arrow appears on a closed candle, it
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ZigZag TrendLine MT4 Indicator
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This Indicator is use the ZigZag to calculate the Upper and  Lower Bound and the uptrend and the downtrned. Red for downtrend, Green for uptrend and Yellow is for the horizontal trend this horizontal trend also bookmarked the upper limited and the lower limited the the price swings.  Or in simple the Support and the Resistance level. However, You may use the Heikin Ashi to confirm the trend of the buy sell signal above. I cannot guarantee the win rate, Nevertheless, you must study well the timef
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