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Breakout Channel indicator

Forex Indicator BREAKOUT CHANNEL for MT4, No Repaint Trading System

  • Upgrade your trading methods with the BREAKOUT CHANNEL  Indicator for MT4.
  • This indicator is complete profitable trading system based on High/Low breakouts!!!
  • It has just 1 parameter - HYSTORY_DEPTH, it reflects the number of candles which are taken into consideration by indicator
  • Parameter HYSTORY_DEPTH recommended values: timeframe D1 - 20 (one month), H4 - 30 (one week), H1 - 24 (one day)
  • BREAKOUT CHANNEL consist of 3 lines: High Border - max price of last N (HYSTORY_DEPTH parameter) candles, Low Border - min price of last N (HYSTORY_DEPTH parameter) candles, Middle line.
  • It is supposed to trade breakouts of High Border / Low Border
  • BREAKOUT CHANNEL can be used for trading separately as it is shown on pictures OR as combitation with other indicators / Price Action patterns
  • Examples of BREAKOUT CHANNEL indicator usage can be found on pictures


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