Break Out Magic

<< See how it works on YouTube >>

You can also download the script of this indicator for free here:

BreakOutMagic_EA.ex4

Then copy it to the following address:

Note that in order for the script to work, it must have already downloaded and activated the Break Out Magic indicator from the market.

Possibilities:

• Arrow signal to buy, sell and hit the targets
• Alert signal
• send mail
• Execute custom audio file

The Break Out Magic indicator monitors price fluctuations over a set period of time (adjustable rectangle). Then, according to the maximum and minimum price, in the second rectangle, it determines the outline break lines. And sets 3 goals to exit from each side.

In the settings we have:
Start Time: Start time of range
End Time: The end of range time
Expiration Time: Expiration break out time
Offset: The distance from the top and bottom for more security
Maximum range: Maximum allowable range
Minimum range: The minimum allowable range
Days displayed:  days when the indicator is displayed in the past of the market.
range Color: The color of the first rectangle
range Color: The color of the second rectangle
Text Color: The color of the displayed text
Target Color: The color of the displayed targets.
Text Offset: The distance between text and objects