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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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Allistair Kabelo Mandow
1 (1)
Features for software Main functions: Accurate entry signals WITH NON REPAINTING! Once a signal appears, it remains valid! This is a significant distinction from other indicators that might provide a signal and then alter it, potentially leading to deposit losses. Now, you can enter the market with higher probability and precision. There's also a function to colour candles after an arrow appears until the target (take profit) is reached or a reversal signal appears . Display of STOP LOSS / TA
Idea: RSI ( Relative Strength Index) and CCI ( Commodity Channel Index ) are powerfull to solved the market.  This indicator has Smoothed Algorithmic signal of RSI and CCI. So that, it separates the market into buy and sell zones, these areas are marked with arrows, red for downtrend, green for uptrend. This algorithm has the effect of predicting the next trend based on the historical trend, so users need to be cautious when the trend has gone many candles. Please visit screenshots
IA Trendx3 PRO
Marco Aurelio Santos Costa
What if God Created a Trade System? No miracles... Just see how mathematics can be effective in the market. We managed to combine technical analysis / price action into indicators, creating the best setup for trading, be it in Forex, Indices, or stocks. It took us 2 years to create something that really works, and now it's time for you to discover it. TrendX3 is a revolution in trend analysis. Based on advanced algorithms and real-time data, it provides valuable insights so that you can make inf
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
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
The indicator displays the probable ( Support and resistance ) levels. The indicator draws horizontal and trend levels of support and resistance. The indicator settings: Trends - the mode for displaying trend lines or horizontal lines of support and resistance Yes - display trend lines only No - display horizontal lines only UseResource - use the resources built into the indicator. Yes - use the ZigZag indicator from the resources of the product. No - use a custom ZigZag indicator. HistoryBar -
The indicator of a Professional Trader is an arrow indicator for predicting the direction of price movement. I have been working on this indicator since 2014. You can use this indicator as your main indicator, use its entry signals, and use it as your only indicator to find entry points. About the product: Recommended TF [H4-D1-W1]   . The indicator predicts the direction of the next candle. Fits a variety of tools; Flexibility in settings for different instruments and intervals through the
The [GRAFF] III manual trading system is based on multiple MetaTrader (MT4) indicators. Together, the entire PACK of GRAFF III indicators makes an advanced trading tool. The system consists of over 20 different custom-built indicators which have been carefully selected and tested in the long term to produce strong and efficient trading signals. The particular indicators are based on different mathematical formulas, so the entire system is calibrated to remove false signals from its own indicator
This indicator allows you to see the strength of the trend on all timeframes. It can be used for all currency pairs. The indicator can be displayed in the form of a column (from left to right): status buy / sell / strong buy / strong sell, strength of the trend in percentage, pips last candle, body candle now, remaining time, and the timeframe of M1 to MN. Information contained below (from left to right): total trend percent, sell percent, buy percent.
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