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Support and Resistance Breakout Indicator MT5

Support Resistance Breakout Indicator (SRBAI) download for MetaTrader 5

The Support Resistance Breakout Arrows (SRBA) indicator serves as a precision tool for mapping key price areas based on pivot structures. Specifically designed for MetaTrader 5 (MT5), the SRBAI indicator marks support zones with blue and resistance zones with red lines. Upon a confirmed breakout beyond these zones, it signals buying opportunities with blue arrows or selling opportunities with red arrows, accompanied by on-screen alerts.

«Indicator Installation & User Guide»

MT5 Indicator Installation | Support and Resistance Breakout Indicator MT5 | ALL Products By TradingFinderLab | Best MT5 Indicator: Refined Order Block Indicator for MT5 | Best MT5 Utility: Trade Assistant Expert TF MT5 | TP & SL Tool: Risk Reward Ratio Calculator RRR MT5 | Money Management: Easy Trade Manager MT5


Indicator Overview

Category

Support & Resistance - Signal Generation - Market Education

Platform

MetaTrader 5

Skill Level

Intermediate

Type

Breakout - Lagging

Timeframes

M1, M5, M15, M30, H1, H4

Strategies

Scalping - Intraday - Day Trading

Markets

Forex - Cryptocurrencies - Equities

 

Breakout Above Resistance

In a 30-minute chart of Gold (XAUUSD), the price advanced above the resistance barrier located at 2398.09. Following this breakout, the SRBA indicator issued a bullish signal in the form of a blue arrow, marking a potential long trade setup.

 

Breakout Below Support

On the hourly timeframe for Silver (XAGUSD), a sharp drop pierced the established support line at 29.157. Post-breakout, the SRBA indicator triggered a bearish signal by displaying a red arrow, suggesting a short-selling opportunity.

 

Custom Settings & Parameters

  • RSI_CCI_Filter: Enables refined signal output using RSI and CCI metrics.
  • RSI_Period: Sets the calculation window for RSI values.
  • RSI_OverBought: Defines the threshold for overbought RSI levels.
  • CCI_Period: Determines the CCI computation length.
  • CCI_Buy: Adjusts the trigger point for buy signals based on CCI.
  • CCI_Sell: Sets the level for sell signals from CCI.
  • Alerts: Enables or disables chart alerts.
  • Alert_On_Close: Issues alerts only after candle closure beyond key levels.

 

Conclusion

The Support Resistance Breakout Arrows (SRBA) indicator provides a strategic advantage by highlighting essential price levels and visual signals. By integrating RSI and CCI filters, the SRBA indicator generates actionable buy and sell signals after significant breakouts, making it a valuable tool for traders across various financial markets.

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Let me introduce you to an excellent technical indicator – Grabber, which works as a ready-to-use "All-Inclusive" trading strategy. Within a single code, it integrates powerful tools for technical market analysis, trading signals (arrows), alert functions, and push notifications. Every buyer of this indicator also receives the following for free: Grabber Utility for automatic management of open orders Step-by-step video guide: how to install, configure, and trade with the indicator Custom set fi
MetaBands M5
Vahidreza Heidar Gholami
4.5 (2)
MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
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