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Price Action Breakout

Price Action Breakout is one of the most popular trading strategy.

This Price Action Breakout indicator is designed using several indicators combined to be one strategy. It is very useful for traders that trade based on the breakout strategy. It will make it easier to identify the support and resistance levels.

  • This Price action indicator will draw the support and resistance levels on the chart, so it will make it easier to identify the support and resistance levels.
  • It will inform about the support and resistance line breakouts using alerts on the chart and push notifications to your mobile device via MetaQuotes ID.
  • It is very useful for a beginner trader or a professional trader to know the key support and resistance levels as well as the oversold and overbought areas.
  • It is recommended to use the indicator on pairs with big movements, such as:
    • AUDUSD, AUDJPY.
    • EURUSD, EURJPY
    • GBPUSD, GBPJPY, GBPAUD,
    • GOLD and etc
  • It is recommended to use it for daily trade.
  • It is recommended to use it on the following time frames:
    • M15
    • M30
    • H1.
  • It provides 3 methods for generating the signal arrow:
    • Support and Resistance Breakout Signal.
    • Main Signal1.
    • Main Signal2.
  • It is very efficient when used during the European and US Market sessions.


Indicator Parameter

  • Show_Ind_Name: true. - show the indicator name on the chart, set false to hide the indicator name on the chart.
  • Ind_Name_Corner: Left upper corner. - you can choose which corner that the indicator name will be placed.
  • Dot_Sz: 1. - it is the dot size of the support and resistance levels, you can change it as you need.
  • Clr_Resistance: Yellow color. - it is the color of resistance level, you can change it as you need.
  • Clr_Support: Aqua color. - it is the color of support level, you can change it as you need.
  • Show_SRCrossSignal: true. - show signal arrow on the chart after the candle, when the price breaks a support or resistance level, set false to hide it.
  • SR_ArrowSz: 1. - it is the arrow size for signals when the price breaks a support or resistance level.
  • SR_ArrowUP: Aqua. - it is the color of arrow for bullish signals, you can change it as you need.
  • SR_ArrowDN: Yellow. - it is the color of arrow for bearish signals, you can change it as you need.
  • Show_MainSignal: false. - set false to hide the signal arrow on the chart for MainSignal, set true to show the signal arrow on chart.
  • Signal_Size1: 1. - it is the arrow size for MainSignal.
  • SignalUP1_Color: Red. - it is the color of MainSignal arrow for bullish signals, you can change it as you need.
  • SignalDN1_Color: Red. - it is the color of MainSignal arrow for bearish signals, you can change it as you need.
  • Show_MainSignal2: false. - set false to hide the signal arrow on the chart for MainSignal2, set true to show the signal arrow on chart.
  • Signal_Size2: 1. - it is the arrow size for MainSignal2.
  • SignalUP2_Color: Blue. - it is the color of MainSignal2 arrow for bullish signals, you can change it as you need.
  • SignalDN2_Color: Blue. - it is the color of MainSignal2 arrow for bearish signals, you can change it as you need.
  • Screen_Alert: true. - it will notify with the Pop Up Alert on chart when a signal is generated.
  • Mobile_Alert: false. - it will send a notification to the mobile terminal using MetaQuotes ID when a signal is generated.
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Você é um investidor em busca de oportunidades de longo prazo no mercado financeiro? Apresento a você o Indicador Personalizado de Tendência de Longo Prazo. Este indicador é projetado para traders que desejam negociar em prazos mais longos do que os gráficos diários, semanais e mensais. Com sinais claros e precisos, você terá a assistência necessária para tomar decisões informadas. Características principais: Estratégia de Longo Prazo: Este indicador é perfeito para investidores comprometidos c
Daotradingfx
Huynh Cong Chinh
Title: "Daotradingfx - The Perfect Key for Wave Trading with 7 Years of Experience" Forex trading is never easy, but with the daotradingfx indicator, I have found a reliable partner, unlocking the door to success in wave trading. Built on the foundation of my 7 years of trading experience, this indicator is not just a tool; it is a comprehensive canvas of market understanding and convenience in trading. Daotradingfx stands out with its ability to use multiple timeframes, a crucial feature t
Channel Cluster
Vitalyi Belyh
5 (2)
Cluster indicator working in the price channel. For operation, the indicator builds a channel line - (dashed line). Inside the channel, cluster sections are determined that determine the direction of the price movement - (histograms in two directions), start with large arrows. Small arrows are plotted above / below each histogram - indicator increase volatility. The indicator does not redraw the values. Works on any tools and timeframes. Entrances are made when large arrows appear, inside s
Introducing the "Magic Trades" for MetaTrader 4 – your ultimate tool for precision trading in dynamic markets. This innovative indicator revolutionizes the way you perceive market trends by harnessing the power of advanced analysis to detect subtle changes in character, paving the way for optimal trading opportunities. The Magic Trades Indicator is designed to empower traders with insightful entry points and well-defined risk management levels. Through its sophisticated algorithm, this indica
Oni Scalper
Goh Cheng Wai
5 (2)
Dear Onis, This Indicator is used for   GBPUSD, US30 and GOLD on 1-Min Chart . For US30 , Depending on your broker, Minimum Lot Size will differ from 0.01 to 1.0 lots. My Current Account is trading at 1.0 lots at $1 per point . Please check with your Broker what's the Margin Required for your Minimum lot sizes before you trade on your Real account. I have Forward Tested the indicator for around 6 months before releasing it to the public. ( No Demo is available for the Indicator, Strategy
VTrende Pro mt4
Andrii Diachenko
3 (2)
VTrende Pro MT4 - MTF indicator for trend trading with a display panel for MT5 *** Videos can be translated into any language using subtitles (video language - Russian) Although the signals of the VTrende Pro indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. VTrende Pro  MT4 is an extended version of the VTrende indicator. Difference between Pro version and VTrende: - Time zones - Signal V - signal 1-
Automatic, live & interactive picture of all trendlines. Assign push, email and sound alerts to the lines of your choice and be informed about price rollback, breakout, rollback after breakout, number of rollbacks, line expiration by double breakout. Correct, drag or delete the lines and interactively tune the line system. https://youtu.be/EJUo9pYiHFA . Chart examples https: //www.mql5.com/en/users/efficientforex Price Interaction Events All events are effective immediately and only after on
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