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Breakout Lines MT5

5

The Breakout Line in technical analysis serves as a crucial tool for understanding market dynamics and potential shifts in price direction. It's designed to highlight rapid accelerations or declines in the market's trajectory.

  1. Unconventional Analysis: The Breakout Line is not your typical technical indicator; it's tailored to capture swift market movements, offering a unique perspective on price trends.

  2. Angle of the Breakout Line: The sharper the angle formed by the Breakout Line, the stronger the indication of rapid market movements in that direction. This suggests that a steep incline or decline in the Breakout Line reflects a high potential for the market to rally or decline swiftly in the corresponding direction.

  3. Cyclical Boundaries: The Breakout Line delineates the cyclical boundaries of price movements, indicating critical pressure points in the market. When the price approaches or breaks through this line, it signifies a pivotal moment where significant market shifts could occur.

  4. Breaking the Line: As implied by its name, breaking the Breakout Line suggests a high likelihood of rapid market movements. This breach indicates a potential turning point in the market's trajectory, with increased momentum towards the direction of the breakout.

In summary, the Breakout Line provides traders and analysts with insights into market dynamics, offering cues about potential rapid movements and critical points of price pressure.


Parameters

  • Count Of Candles After Line Formation: 20 (increase this value if you want to receive signals past 20 candles after the creation of the breakout line. However this is not recommended as it can be considered "late" in the trend. The most powerful signals are generated within the first 20 candles!
  • Sound Alert: On/Off (triggers sound alert on new signal)
  • Sound File Name: alert.wav
  • Mobile Push Notification: True/False
  • Send Email Notification: True/False
  • Pop-Up Alert: True/False
  • Bullish Line Color: LimeGreen
  • Bearish Line Color: Crimson


Recensioni 1
KAESER513
135
KAESER513 2024.06.12 20:04 
 

Invaluable tool in deciphering not only where price is heading to short term, but also where market is going as a whole (especially if you pair it with multiple timeframes). It is way more than it looks. When you grow your understanding of market cycles and Martin Armstrong's technical analysis, this will be a gem. (I recommend pairing it with his Trap Play indicator as it will help with finding perfect entry)

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Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Trend Sensor MT5
Yuriy Lyachshenko
L'indicatore mostra i punti di entrata e di uscita più appropriati. Inoltre, visualizza dati statistici su tutti i segnali per una migliore analisi del trading. Con l'aiuto di questo indicatore sarete in grado di comprendere meglio il mercato. Non appena la forza della tendenza inizia a indebolirsi (questo verrà mostrato sul pannello), la linea di tendenza graviterà verso la posizione orizzontale - questo è il segnale per uscire dal trade. Oppure si può uscire quando si raggiunge il livello
FxaccurateLS
Shiv Raj Kumawat
WHY IS OUR FXACCCURATE LS MT5 THE PROFITABLE ? PROTECT YOUR CAPITAL WITH RISK MANAGEMENT Gives entry, stop and target levels from time to time. It finds Trading opportunities by analyzing what the price is doing during established trends. POWERFUL INDICATOR FOR A RELIABLE STRATEGIES We have made these indicators with a lot of years of hard work. It is made at a very advanced level. Established trends provide dozens of trading opportunities, but most trend indicators completely ignore them!
VTrende Pro
Andrii Diachenko
5 (1)
VTrende Pro - MTF indicator for trend trading with a display panel for MT5 *** Videos can be translated into any language using subtitles (video language - Russian) Although the signals of the VTrende Pro indicator can be used as signals of a full-fledged trading system, it is recommended to use them in conjunction with the Bill Williams TS. VTrende Pro is an extended version of the VTrende indicator. Difference between Pro version and VTrende: - Time zones - Signal V - signal 1-2 waves
TPA True Price Action indicator reveals the true price action of the market makers through 100% non-repainting signals strictly at the close of a candle! TPA shows entries and re-entries, every time the bulls are definitely stronger than the bears and vice versa. Not to confuse with red/green candles. The shift of power gets confirmed at the earliest stage and is ONE exit strategy of several. There are available now two free parts of the TPA User Guide for our customers. The first "The Basics"
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The Trap Play MT5
Carl Gustav Johan Ekstrom
5 (1)
Trap Play  refers to a market situation where price initially makes a new high or low, luring traders into believing a strong trend is forming. However, the price quickly reverses and invalidates the breakout, trapping those traders who entered positions based on the initial move. This sudden reversal often results in a rapid exit of positions, leading to significant price movement in the opposite direction.  Trap plays  can occur in various financial markets and timeframes and are characterized
MIDAS Trading Tools
Carl Gustav Johan Ekstrom
4.67 (15)
The introduction of the MIDAS Trading Tools indicator represents the culmination of my trading expertise and innovative application. By incorporating new concepts and collaborating with fellow traders like Robert Young (US), we have enriched and enhanced this indicator. In the sections below, you'll find detailed descriptions of the variables comprising this indicator. MIDAS which is an acronym for Market Interpretation/Data Analysis System is the innovative work of the late technical analyst P
Martin Armstrong Cycles
Carl Gustav Johan Ekstrom
5 (2)
Martin Armstrong Cycles employs an unconventional form of technical analysis on your charts aimed at capturing market angles, swift market movements, price reversals, and early trend shifts. I strongly advise all traders to integrate cyclical analysis into their charting methods, as it unveils the inherent rhythms of markets. Every element in the universe follows a cycle, and so does price! Analytical Benefits of Cyclical Analysis The angle of the cycle provides a roadmap for anticipating fu
Trading Cycle Array MT5
Carl Gustav Johan Ekstrom
5 (1)
I'm excited to introduce you to the fifth bar on   Martin Armstrong's  Forecast Array - The Trading Cycle . This innovative tool represents a transverse form of cyclical frequency analysis, offering a unique perspective on market trends. The model employs a color-coded system for easy interpretation. In this model, green signals the ideal timing for highs, red indicates ideal lows, and yellow signifies a convergence of highs and lows occurring simultaneously. This intuitive approach allows
TrapBot EA MT5
Carl Gustav Johan Ekstrom
5 (1)
Important: PM before purchase! DCF Index: www.cgetrading.com TrapBot  is a newly developed expert advisor specifically engineered to capitalize on  Trap Plays , a proven market pattern that consistently exhibits the highest win rate among a staggering 80,000 different patterns! This exceptional and powerful system empowers you to engage in trading with diverse strategies across multiple markets, including Crypto, Forex, Indices, and Commodities. What's a Trap Play? Trap Play   refers to a m
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KAESER513
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KAESER513 2024.06.12 20:04 
 

Invaluable tool in deciphering not only where price is heading to short term, but also where market is going as a whole (especially if you pair it with multiple timeframes). It is way more than it looks. When you grow your understanding of market cycles and Martin Armstrong's technical analysis, this will be a gem. (I recommend pairing it with his Trap Play indicator as it will help with finding perfect entry)

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Versione 1.10 2024.04.19
Enhancements to visual appearance.