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Break Lines

4.8

The indicator draws lines the the price highs and lows. Break through the high or low usually indicates trend change (or continuation). Once the price moves through a line, and the candlestick closes, the indicator draws an appropriate arrow (also, you can enable alerts). A deal should be conducted in the breakthrough direction immediately or after a slight rollback. It is best to trade following the trend on a larger timeframe. This indicator is easy to use, but nevertheless, there are many trading strategies, which are based on a breakthrough of the trading range.

The number of candlesticks used to determine the high and low of the trading range can be adjusted.

The following Expert Advisors are based on this indicator: Breakout Line and Breakout and pullback


Parameters

  • Trading range - number of bars of the trading range used to define highs and lows;
  • Shift - shift relative to the trade range to determine the breakthrough;
  • EnableAlert - enable/disable alerts (true - on).
Avis 5
John Winsome Munar
3471
John Winsome Munar 2022.06.20 15:08 
 

Good indicator

Victor Manuel Valderrama Zamora
7354
Victor Manuel Valderrama Zamora 2019.04.19 02:23 
 

Useful indicator, thanks for sharing!

11129202
134
11129202 2016.06.24 03:18 
 

great indictor thankyou

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Currency Strength Wizard est un indicateur très puissant qui vous offre une solution tout-en-un pour un trading réussi. L'indicateur calcule la puissance de telle ou telle paire de devises en utilisant les données de toutes les devises sur plusieurs périodes. Ces données sont représentées sous la forme d'un indice de devise facile à utiliser et de lignes électriques de devise que vous pouvez utiliser pour voir la puissance de telle ou telle devise. Tout ce dont vous avez besoin est d'attacher l'
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The Expert Advisor looks for the bars followed by price rises or falls. It analyzes how often rises and falls occur after similar bars and makes trades based on that analysis. The market changes frequently but the EA is able to adapt to the changes performing analysis right during trading. Input Parameters Lots - lot size (if 0, a lot is calculated based on the percentage of account free margin); Percentage of free money - the percentage of free margin to open each new trade (applicable when L
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John Winsome Munar
3471
John Winsome Munar 2022.06.20 15:08 
 

Good indicator

Victor Manuel Valderrama Zamora
7354
Victor Manuel Valderrama Zamora 2019.04.19 02:23 
 

Useful indicator, thanks for sharing!

Maksym Mudrakov
29226
Maksym Mudrakov 2016.08.30 19:22 
 

L'utilisateur n'a laissé aucun commentaire sur la note

Aravind Kolanupaka
8835
Aravind Kolanupaka 2016.08.20 20:00 
 

L'utilisateur n'a laissé aucun commentaire sur la note

11129202
134
11129202 2016.06.24 03:18 
 

great indictor thankyou

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Version 1.2 2021.11.23
Rebuild according to new rules
Version 1.1 2016.08.23
Improved message: now it shows the currency pair and the timeframe on which the line was broken through.