DailyBreakout Indicator
- Göstergeler
- Sürüm: 1.0
- Etkinleştirmeler: 5
DailyBreakout Indicator — a visual indicator for traders who trade breakouts of daily levels. Automatically displays the key boundaries of the previous trading day, EMA moving averages, and session time markers — everything updates in real time without manual configuration.
Perfectly suited for Daily Breakout, London Open, New York Open strategies, and any breakout systems based on the previous day's High/Low.
Features:
- Automatic calculation and display of the previous day's high and low
- Dynamic moving averages with periods 50 and 200, updated as you scroll the chart (periods are customizable)
- Vertical lines marking the start and end of the previous session
- All levels are recalculated automatically when the trading day changes
- Contrasting colors, solid lines, foreground rendering — nothing gets hidden behind the candles
How to Use
Example breakout strategy:
- Wait for the price to break the previous day's High or Low level.
- Make sure the breakout is confirmed by a candle closing beyond the level.
- EMA 50/200 serve as a trend direction filter.
Trend filter:
- Price above EMA 50 + EMA 50 above EMA 200 → bullish bias / priority for longs
- Price below EMA 50 + EMA 50 below EMA 200 → bearish bias / priority for shorts
Requirements
- Platform: MetaTrader 4
- Timeframe: Any (M15, M30, H1 recommended)
- Instruments: Any currency pairs, indices, metals
