Breakout Arrow Pro
- Индикаторы
- Версия: 1.0
- Активации: 5
Breakout Arrow Pro
Breakout Arrow Pro is a technical indicator for MetaTrader 5 that highlights potential breakouts of recent highs and lows. It monitors price action and draws an arrow when price closes beyond a defined range.
How it works
The indicator calculates the highest high and the lowest low over the Lookback period. A buy arrow is shown when the close is above the prior high. A sell arrow is shown when the close is below the prior low.
Key features
- Works on any symbol and any timeframe
- Wait-for-close mode to avoid signals on the forming bar
- First breakout filter to reduce repeated signals
- Adjustable arrow distance
- Clean chart display with two buffers only
- Built-in alerts for new signals
- No DLL, no external calls, no repainting of closed bars when WaitForClose is true
Inputs
- Lookback: number of bars used to calculate HH and LL. Default 10
- ArrowDistance: distance from candle in points. Default 200 for 5-digit brokers
- WaitForClose: true = signal after bar close, false = signal on current tick
- EnableFilter: true = show only the first breakout candle, false = show every breakout
- EnableAlerts: true = send terminal alert on new signal
Recommendations
- Use on timeframes M1, M2, M3 , M5, M15... and higher for fewer false breakouts
- Combine with trend filter or support resistance for context
- Test settings on demo before live use
Note
This indicator is a technical analysis tool. It does not guarantee profit and past performance is not indicative of future results. Always use proper risk management.
