QuantMatrix False Breakout Detector
- Indicadores
- Versão: 1.0
- Ativações: 5
QuantMatrix False Breakout Detector
QuantMatrix False Breakout Detector is a technical indicator for MetaTrader 5 that identifies potential failed breakouts of recent price ranges.
The indicator calculates the highest high and lowest low within a configurable historical period.
It then evaluates whether the current price moves beyond one of these levels by a minimum volatility-adjusted distance and subsequently closes back inside the previous range.
Average True Range (ATR) is used to adjust the minimum penetration requirement according to current market volatility.
When the conditions are satisfied, bullish or bearish false breakout markers are displayed directly on the chart.
Features
- Recent high and low calculation
- Upper-range breakout analysis
- Lower-range breakout analysis
- ATR-adjusted minimum penetration
- Bullish false breakout markers
- Bearish false breakout markers
- Configurable range lookback
- Configurable ATR period
- Configurable minimum penetration
- Uses the symbol and timeframe of the current chart
- Does not open, modify or close trades
QuantMatrix Research Series
QuantMatrix False Breakout Detector is part of the QuantMatrix series of market analysis tools developed by Rafael Haddad.
The displayed markers represent conditions identified by the indicator's rules. They do not guarantee a reversal, continuation or trading result.
