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Breakout Impulse indicator for MT5

Breakout Impulse Indicator

Breakout Impulse Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The Breakout Impulse is a multi-bar pattern.
The purpose of the pattern is to identify a fast change in momentum.
This type of change can announce the start of a big directional move.

Inputs of the indicator are:
  • Distance: distance in pixel relative to top or bottom of candle to display the arrow symbol
  • MaxBars: number of bars back used to calculate the indicator
  • TradeDirection (Long/Short/LongAndShort): filter signals for BUY and SELL
  • CandleSize: minimum size of candle (2.0 to 4.0 recommended range of values, 2.0 means big candle, 4.0 huge candle)
  • UsePreAlerts (true/false): to enable pre-alerts
  • PreAlertsSeconds (30): time in seconds before the close of the candle when pre-alerts will be activated (pre-alerts can disappear)
  • UseConfirmedSignals (true/false): generate alerts for confirmed signals (at the close of the bar). It is required to set this value to true if you want to receive confirmed signals alerts.
  • PopAlerts (true/false): to enable alerts of type Popup window
  • EmailAlerts (true/false): to enable alerts of type Email
  • PushAlerts (true/false): to enable alerts of type Push Notification
  • SoundAlerts (true/false): to enable alerts of type Sound
  • SoundFile: file to be used for sound alerts

Trading rules:

  • For BUY: wait for a bullish Breakout Impulse to print. Wait for a few bars and look at price action after the setup bar. If price does not retrace more than 50% of the setup bar then you can search for an entry like an engulfing bar to confirm (or other entry pattern of your choice). Stop Loss should be placed below the recent low after the setup bar.
  • For SELL: wait for a bearish Breakout Impulse to print. Wait for a few bars and look at price action after the setup bar. If price does not retrace more than 50% of the setup bar then you can search for an entry like an engulfing bar to confirm (or other entry pattern of your choice). Stop Loss should be placed above the high of the recent high after the setup bar.

The Breakout Impulse indicator can be used with any time frame.
The Breakout Impulse indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.

Other products:
You might also be interested in following products:

  • Kangaroo Tail Pro indicator
  • Big Shadow indicator
  • Fx Levels indicator to draw important support and resistance levels

Indicators for MT5:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.
All our indicators are developed both for MT4 and MT5.

List of all indicators:
You can get the complete list of our indicators visiting our profile page.

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5 (1)
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Strong Support mt5
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5 (9)
Indicadores
Los niveles de soporte y resistencia han sido durante mucho tiempo la herramienta más poderosa para el análisis del mercado. Strong Support el indicador construye los niveles de soporte en los mínimos locales del precio, y los niveles de resistencia en los máximos locales del precio. Mis otros desarrollos se pueden ver aquí Se recomienda usar junto con el indicador de tendencia, por ejemplo, Gold Stuff : esto le permitirá operar en la tendencia y al mismo tiempo determinar las zonas de cons
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5 (8)
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My products are currently 50% off. Explore them and build your own strategy. Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself. Features Price A
TrendMaestro5
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Stargogs Spike Catcher V3.12 This Indicator is Developed To milk the BOOM and CRASH indices . Send me Message if you need any help with the indicator.  CHECK OUT THE STARGOGS SPIKE CATCHER EA/ROBOT V3: CLICK HERE ALSO CHECK OUT SECOND TO NONEFX SPIKE CATCHER:   CLICK HERE STARGOGS SPIKE CATCHER V3.12 WHATS NEW! Brand New Strategy. This is the Indicator you need for 2023. The Indicator Gives you an Entry at a time when conditions are met enter on every arrow and exit when it gives an X. New Tren
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Versión 1.30 2023.07.04
New compilation