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- 15253
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- Published:
- 2021.01.25 20:30
- Updated:
- 2021.02.20 16:05
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INTRODUCTION :
The breakout strength meter is a trading tool that is used to identify which currencies are the strongest to breakout, and which currencies are the weakest to breakout.
Don't hesitate to send all your comments and I would appreciate rating this trading tool.
HOW TO USE IT :
You can check the following video that will explain how to
- define and see how a breakout strength meter works.
- use this trading tool to confirm real and fake breakouts (the most important part)
- compile the script in MT4 or MT5.
You can also check the following video. It is about Currency Strength Meter
SCREENSHOT :
![The colored volumes (English Version)](https://c.mql5.com/i/code/indicator.png)
Colored volumes at the bottom of the chart
![Log4mql(mini) MT4](https://c.mql5.com/i/code/library.png)
A light header-only version of Log4mql that provides standardized logging.
![MT4 EA Template with all the basic features](https://c.mql5.com/i/code/expert.png)
This is a great template to start from if you're looking to build an MT4 EA quick and easily with your own rules/custom indicators. It has all the nice features for managing the account and the trades.
![INDICATOR Breakout Strength Meter - MT4](https://c.mql5.com/i/code/indicator.png)
The breakout strength meter is a trading tool that is used to identify which currencies are the strongest to breakout, and which currencies are the weakest to breakout