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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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Indicatori
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Indicatori
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Indicatori
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Indicatori
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Indicatori
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PivotHighLow. Universal business tool from professional traders that helps to visualize interest market situations. It previews markets using a price action and sentiment in the market. Tool is necessary to understand the market situation and the anticipation of further movement. Finally, you will see how traders estimate the market. With this tool, you will see important supports and resistances. It shows you the entry of big players on the market. The indicator works on all timeframes. You are
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Indicatori
InitialBalance. Universal business tool from professional traders that helps to visualize interest market situations. It previews markets using a price action and sentiment in the market. Tool necessary to understand the market situation and the anticipation of further movement. Finally, you will see how traders estimate the market. Who knows the first steps in the market can estimate the point where the market will stop and reflect! With this tool, you will see important supports and resistance
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Petr Plechac
Utilità
A new way of managing your trades – efficiently, automatically and with no emotions. Control various markets and manage many different trades at one moment. Grasp your competitive advantage and ultimately find out what profitable trading looks like! Trademanager is a piece of software developed for MT4 platforms. This tool enables you to completely set up all parameters for many different trades on many different markets – at one time and with no emotions as psychological obstacles. Must-need to
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Petr Plechac
Indicatori
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Petr Plechac
Indicatori
The Baseline Balance tool shows multiple pivot lines for short, mid and long time market cycles. Thus trader can easy identify local or global S/R (support/resistance) levels for better timing of investments and entries to the market. Due to the multifunctional menu directly on chart the settings is fast and accurate. Pivot lines are generated for H1, H4, Daily, Weekly, Monthly, Yearly timeshares. Menu on chart shows following settings: Line Display Settings Middle_Lines – shows middle calculati
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Versione 1.30 2021.11.22
New version 2021
Versione 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.