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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

Indicators for MT5:
We developed more than 60 indicators and utilities for Metatrader 4 and Metatrader 5.
All our indicators are developed both for MT4 and MT5.

List of all indicators:
You can get the complete list of our indicators visiting our profile page.

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Boom Crash Spike Arrow
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Indicadores
Boom and Crash Spike Detector v1.0 Boom and Crash spike detector prints Down non repaint Arrow for catching crash spikes and Up non repaint arrow for catching boom spikes.  It is suitable for 1M time frame for majorly crash500 and Boom 500.  When the Red arrow prints in a red zone moving averages, it indicates high probability of crash spikes downwards, likewise, blue arrow printing in a blue zone of moving average, it indicates high probability of boom spikes.  Its pretty straight forward since
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Siarhei Vashchylka
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TDINVEST LLP
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- 50% off - Telegram group : https://t.me/+5RIceImV_OJmNDA0 MT4 version : https://www.mql5.com/en/market/product/84526?source=Unknown%3Ahttps%3A%2F%2Fwww.mql5.com%2Fen%2Fmarket%2Fmy Master Pullback is a complete system that gives unique trading opportunities and a clear indication of the market: trend, signals as well as stop loss and take profit levels. This system has been designed to be as simple as possible and detects extreme overbought and oversold zones, support and resistance levels, a
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Petr Zharuk
5 (1)
Indicadores
Professional Scalping Tool on Deriv Attention! The indicator will be sold in limited quantities!!! Description: This trading indicator is designed for professional traders focused on scalping. Designed with the market in mind, it provides highly accurate spike trading signals. It works on the M1 timeframe and supports the following symbols: Boom 300 Index, Boom 500 Index, Boom 1000 Index, Crash 300 Index, Crash 500 Index, Crash 1000 Index. Functional Features: - Direction: - Trading is ca
Eng Gold
Ely Alkrar Xshkaky
Indicadores
ENG-GOLD Scalper It is an auxiliary indicator that identifies potential targets and determines the place of entry with a stop loss that works on Heiken Ashi candles  The green lines are usually the targets, the red lines are the stop loss, and the yellow lines are the entry location.  This file is recognized on small and medium frames, usually less than the watch frame I highly recommend using XAUUSD US100 US30 USOIL 
Gartley Hunter Multi
Siarhei Vashchylka
5 (5)
Indicadores
Gartley Hunter Multi - An indicator for searching for harmonic patterns simultaneously on dozens of trading instruments and on all classic timeframes: (m1, m5, m15, m30, H1, H4, D1, Wk, Mn). Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. Patterns: Gartley, Butterfly, Shark, Crab. Bat, Alternate Bat, Deep Crab, Cypher 2. Simultaneous search for patterns on dozens of trading instruments and on all classic timeframes 3. Search for patterns of all possible sizes. Fr
Quantum Heiken Ashi PRO MT5
Bogdan Ion Puscasu
4.5 (8)
Indicadores
Apresentando o   Quantum Heiken Ashi PRO Projetadas para fornecer informações claras sobre as tendências do mercado, as velas Heiken Ashi são conhecidas por sua capacidade de filtrar o ruído e eliminar sinais falsos. Diga adeus às confusas flutuações de preços e olá para uma representação gráfica mais suave e confiável. O que torna o Quantum Heiken Ashi PRO verdadeiramente único é sua fórmula inovadora, que transforma os dados tradicionais de velas em barras coloridas fáceis de ler. As barras ve
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Siarhei Vashchylka
5 (13)
Indicadores
Gartley Hunter - An indicator for searching for harmonic patterns (Gartley patterns) and their projections. The indicator is equipped with a system of alerts and push notifications. Manual (Be sure to read before purchasing) | Version for MT4 Advantages 1. 12 harmonic patterns: 7 classical and 5 exotic. New patterns will be added as the indicator develops. 2. Constant automatic search for harmonic patterns. The indicator is capable of finding from the smallest to the largest patterns. 3. Autom
RAD Real Acummulation and Distribution
Jose Alejandro Jacome Jimenez
Indicadores
RAD CRITICAL LEVES RAD indicator tracks “Relevant Volume” in real time, identifying accumulation and distribution processes, projecting them in the chart as SUPPORT or RESISTANCE zones. Natural   support   and resistance levels are generated by Volume Accumulation and Distribution processes. As these processes evolve, levels at which the relevant volume in the market place is positioned, become difficult areas to cross upwards or downwards. By using this information, traders can identify very s
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Versão 1.30 2023.07.04
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