Breakout Index
- Indicadores
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Waleed Saleem
Senior Quantitative Developer specializing in custom MT5 Expert Advisors, High-Availability server failover systems, dynamic grid/martingale hedging, and institutional risk-management logic. Fast delivery with full source code (.mq5). - Versão: 1.5
- Ativações: 5
Monster Breakout Index V2 is a clean, visual momentum indicator engineered to spot potential breakout opportunities by evaluating extreme price extensions against median historical range channels.
Overview
The indicator continuously monitors the median price across a configurable lookback window and compares it against current high and low extremes. When price expansion breaks out of the established median bounds, MBI V2 immediately plots distinct histogram bars in a separate window, allowing traders to quickly spot volatility spikes without cluttering their main charts.
Key Features
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Clean Visual Signals: Instant histogram representation for bullish and bearish price expansion.
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Minimalist UI Design: Custom-engineered buffer parameters hide numerical clutter and extra labels, giving you an uncluttered display.
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Non-Repainting Logic: Signals render strictly based on completed calculations to preserve backtesting integrity.
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Lightweight & Fast: Optimized execution loop ensures fast multi-chart processing without causing terminal lag.
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Universal Compatibility: Works seamlessly across all asset classes (Forex, Indices, Crypto, Commodities) and timeframes.
Trading Signals
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Buy Signal (Turquoise Bar): Triggers when the current bar's High breaks above the highest median price over the input period.
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Sell Signal (Goldenrod Bar): Triggers when the current bar's Low breaks below the lowest median price over the input period.
Input Parameters
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MbiPeriod (Default: 12): The lookback period used to calculate the highest and lowest median price bounds.
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Lower values (e.g., 6–10): Increased sensitivity for scalp setups and short-term volatility detection.
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Higher values (e.g., 20–50): Filtered signals focusing on strong trend continuations and macro breakouts.
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How to Use
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Attach MBI V2 to any MT5 chart.
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Use histogram spikes as confirmation for momentum entry setups, trend continuation entries, or break-and-retest strategies.
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Combine with key support/resistance levels or moving averages to filter out choppy, range-bound environments.
