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

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All our indicators are developed both for MT4 and MT5.

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Siarhei Vashchylka
5 (10)
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Gianny Alexander Lugo Sanchez
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Garry James Goodchild
5 (2)
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Ich Khiem Nguyen
5 (1)
Mirage Trading System est un indicateur pour MetaTrader 5 qui détecte les figures de retournement après fausse cassure (Fakey) après confirmation de la clôture de la barre. Il identifie les moments où le prix dépasse un niveau clé, piège les traders du mauvais côté, puis se retourne — un setup largement utilisé dans l'analyse de l'action des prix (Price Action) et les concepts Smart Money (SMC). L'indicateur gère la détection des figures, le calcul des niveaux d'entrée et de sortie, la gestion
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High Low indicator for MT4
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5 (1)
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Renaud Herve Francois Candel
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Renaud Herve Francois Candel
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Market Momentum Alerter for MT4
Renaud Herve Francois Candel
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Renaud Herve Francois Candel
Matrix Indicator Matrix Indicator is a simple but effective indicator. Matrix indicator displays usual oscillators indicators in a user friendly color coded indicator. This makes it easy to identify when all indicators are aligned and spot high probability entries. Inputs of indicator are: Indicator: RSI, Stochastic, CCI, Bollinger Bands Param1/Param2/Param3: usual settings for the indicator ValueMin: Oversold level for oscillator ValueMax: Overbought level for oscillator The indicator can
OBOS indicator OBOS Indicator is an exclusive indicator to spot entries based on price action. The OBOS Indicator is both effective and user friendly. Indicator uses simple color codes and levels to indicate Overbought and Oversold conditions. No more headache. The OBOS Indicator will only gives you indication when there are possible entries. Means you only get useful information. Inputs of the indicator are: MaxBars : number of bars to display in your chart Smoothing period : number of ba
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Trend Strength MA indicator Trend Strength MA is a part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc. Trend Strength MA is an indicator to be used to characterize trend strength: Up extremely strong Up very strong Up strong No trend Down strong Down very strong Down extremely stro
Trend Direction Up Down indicator Trend Direction Up Down is part of a series of indicators used to characterize market conditions. Almost any strategy only works under certain market conditions. Therefore it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility. Trend Direction Up Down is an indicator to be used to characterize trend direction (medium term trend): trending up trending down ranging Trend Direction Up Down is based
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