Market / MetaTrader 4 / Indicators /

TrendBox Indicator

FREE

Published: 9 November 2020

Current version: 1.0

TrendBox Indicator

2.5

Indicators
Ivan Grachev
Version: 1.0

The indicator looks for consolidation (flat) in the market at a certain time, builds a box-channel and marks levels indented from it for a breakdawn. After crossing one of the levels, the indicator marks the zone for take profit and calculates the corresponding profit or loss in the direction of this entry on the panel. Thus, the indicator, adjusting to the market, finds a flat area of the market, with the beginning of a trend movement to enter it.

Version for MT5: https://www.mql5.com/en/market/product/58380

Benefits:

a unique search system for consolidation (flat) by adjusting to the market;
does not redraw;
can be used on any timeframe and currency pair;
flexible settings for more accurate results;
a complete system of alerts from messages, mail to PUSH notifications.

Main parameters of the indicator:

TakeProfit	-	takeprofit level
Buffer	-	indent in points from the formed box-channel
BarsAnalyze	-	number of analyzed bars
MaxDelta	-	maximum channel box size
StartHour	-	hour of the beginning of the analysis of the trade to set the box-channel
StopHour	-	trading analysis end hour
Alerts	-	enabling the alert system in case of level breakout
AlertMessage	-	breakdown alert
SoundMessage	-	sound message
EmailMessage	-	message about level breakdown to the mail specified in the terminal
PushMessage	-	PUSH message to mobile phone

All values in points are indicated in 4-digit format, 5-digit translation is carried out automatically.

The indicator can be used as a separate trading system, or as an addition to an existing one.
On the screenshots below you can see examples of using the indicator on the chart.

more...

808

Cazz223 2022.06.07 03:02 #

Pretty cool indicator. Good work! Thanks for sharing.

141

Rodney A Hughes 2021.07.29 13:30 #

Love this indicator when I am trading all 6 of my pairs at once. It gives accurate signals 80% of the time, however, I use the opposite side of the signal for SL. Thank you for your hard work. How can I donate money to you for this FREE signal???

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The Expert Advisor builds a grid of orders, defining inputs by built-in setups. After accumulating the profit specified in the settings, it closes the remaining orders to breakeven. Open “breakout” orders create a grid according to the trend, and each separately “trailing” order allows you to maximize profit from the market. Please see all my products: https://www.mql5.com/en/users/en_coding/seller Benefits: a unique algorithm for constructing a grid of orders, eliminating the minimum delta b

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Filter:

124

Tomi Luv 2024.02.20 00:32 #

It doesn't work. I ran through back tester and it's redrawing every candle. No TP is displayed. noting is drawn on H4 or Daily. No sure what's wrong with it. If it updated, I will leave new review.

1120

yalewang 2023.05.04 16:48 #

no uesful

164

Achisholm 2023.03.13 17:53 #

All in all it's a good Indicator but it says it has and UPDATE Button for the Indicator but I don't see it nowhere in site

Torsten Wiese 2022.11.22 23:59 #

Doesn`t work for me.

286

Darlyn Antoni Ramirez Almonte 2022.06.08 20:51 #

Hello, I would like to buy the source file of this indicator, please, could we communicate?

808

Cazz223 2022.06.07 03:02 #

Pretty cool indicator. Good work! Thanks for sharing.

182

Elusive Pimpernel 2021.11.08 13:37 #

Does not work as described.

PepePaulo 2021.10.09 04:55 #

Qual a assertividade dele ?

141

Rodney A Hughes 2021.07.29 13:30 #