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Breakout Range

This is a simple and efficient indicator based on market logic. The indicator creates a range chosen by a trader.

Trader selects only two parameters.

The first one is the number of candles that define the frame.

The second one is the number of candles needed for confirmation frame.

The indicator shows all situations in history and works with the actual movement of the market.

The indicator works on all timeframes. You are not limited by use of different timeframes, the indicator is able to adapt. On the screenshots, you can see basic settings.


Example setting

1; 1

This is actually an Inside Bar.

1 main candle, 1 candle must be inside the previous one. Simple...


Parameters

  • StartCandles - number of candles which create an imaginary frame (size)
  • NextCandles - number of candles which have to be inside the imaginary frame that is created from "start candles"
  • Tolerance - tolerance in points
  • TolerancePerc - tolerance in percent from the frame
  • MinRange - minimal size of the frame
  • MaxRange - maximum size of the frame
  • AdjustRange - enlarging the frame (next candles can mildly intersect the imaginary frame by chosen tolerance and thanks to Adjust Range, the size of the frame will increase by degree of intersection)
  • MultiRange - possibility of more frames drawn into each other
  • Start/Next Range Color - color
  • ShowAlarm - true/false
  • AlarmDistance - how many points after the intersection of range the alarm sounds
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Alright. This indicator works on MT4 and is very easy to use. When you receive a signal from it, you wait for that candle with the signal to close and you enter your trade at the beginning of the next new candle. A red arrow means sell and a green arrow means buy. All arrows comes with Popup Alert like for easy identification of trade signal. Are you okay with that?   100% non repaint Work All Major currency  Pair,  1 minute time frame 1 minute expire
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5 (1)
Indicators
Bomb Bank Signal: Your Trusted Indicator for MetaTrader 4 The Bomb Bank Signal is a powerful indicator for MetaTrader 4, designed to identify the most relevant trends in the financial market. If you are looking for a tool that accurately anticipates movements, Bomb Bank is the ally you need. How it Works: This indicator combines three distinct methods – volume analysis, candle closes and symmetrical trend – to detect and signal buying and selling opportunities. Bomb Bank is like a "bomb"
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5 (2)
Indicators
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Version 1.30 2021.11.22
New version 2021
Version 1.10 2016.11.02
We added description warnings about the risks into the tool.
We added an alert in case of break through the frame.