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Breakout Trend Lines MT5

A breakout of a trend line, as well as a high or low, usually signals a change (or continuation) of the trend. This indicator displays lines at the highs and lows of the price, as well as finds and displays inclined trend lines. As soon as the price goes beyond the line and the candlestick closes, the indicator signals this with an arrow (you can also enable alerts). This indicator is easy to use, however, there are many trading strategies that are based on trendline breakouts. The number of candles for defining trend lines as well as the high and low of the trading range is configurable.

Options

  • TradingRange - the number of bars in the trading range where highs and lows will be determined;
  • Distance - the minimum distance from one maximum (minimum) to another for plotting trend lines;
  • Shift - shift to identify a breakout, relative to the trading range;
  • Shift2 - shift to determine the breakout of the inclined trend line;
  • EnableAlert - enable and disable alerts (true - enabled);
  • EnablePushNotifications - enable sending notifications to a smartphone;
  • AddingTextToMessages - adding text to messages;
  • TrendLinesColor - color of inclined trend lines;
  • HorizontalLinesColor - the color of the horizontal lines (based on the highs and lows of the price).
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4.55 (20)
Zones de retournement / Volumes de pointe / Zones actives d'un acteur majeur =       SYSTÈME TS TPSPRO INSTRUCTIONS RUS       /       INSTRUCTIONS       FR       /           Version MT4        Chaque acheteur de cet indicateur reçoit en plus GRATUITEMENT : 6 mois d'accès aux signaux de trading du service RFI SIGNALS - points d'entrée prêts à l'emploi selon l'algorithme TPSproSYSTEM. Supports de formation avec mises à jour régulières - plongez-vous dans la stratégie et développez votre niveau p
Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High / Low’s  
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Version 1.2 2021.04.05
Added MinTradingRange setting. When enabled (greater than 0 and less TradingRange), then the search for trend lines will be from the specified TradingRange to the minimum trading range.
Version 1.1 2021.03.24
Added parameter Shift2 - shift to determine the breakout (separately for the inclined trend line)