See the 2 charts below to see what I mean: And now, compare market noise in the 4hr chart notice the white box on the chart? Traders have to wait till the red box ends. How to identify a profitable range pattern with technical tools? Contact Us Member Login Privacy Risk Disclaimer Affiliates. This is a technique where not many traders are aware about and I will just give you a simple example so you understand this concept better.
This is a no trading zone. Traders have to wait till the red box ends. Green line - BoxBreakout Offset zone - creates a green buffer above and below the breakout zone. This buffer serves as a filter for:. Blue zone - this is the exact High to Low price range in between the hours that were picked as the breakout range. However, it is not the ultimate tool. I just found this indicator and want to know what you mean by "Periodend, Periodbegin", what is the best settings and can I triangle breakout forex per different trading pairs?
PeriodBegin and PeriodEnd will draw you a red box, inside which trading is not allowed. It's up triangle breakout forex you, what hours to put for those variables. Usually, traders would align them in a way that trading starts when the London or New york open most active trading hours. Living in different time zones traders would need to make an own red box range. I found this indicator really helpful in daily trade on H4 TF or lower. But on the higher TF this only show the red vertical line.
BTW thanks a lot for sharing indicators for us. I like it better than triangles, because the levels are objective based on real real historical supply and demand levels rather than hypothetical based on angles which may or may not be respected Is there a rule of thumb for targets: stop loss, exit for profit, etc.
Will the indicator do something triangle breakout forex means it is time to exit? Thanks for the good work. But please could you please give the possible setting for 4h time frame for the London session in order for me to be sure that i'm the right way in GMT? OK, I noticed that in Fig. It's not just the lows either Any clarification on this would be appreciated, thanks. Advance Decline Line ADL. Average Directional Index ADX.
Average Directional Movement Index Rating ADXR. Bulls and Besrs Power. Commodity Selection Index CSI. Double Exponential Moving Average DEMA. Moving Averages EMA, SMA, WMA. Percentage Price Oscillator PPO. Triple Exponential Moving Average TEMA. Triple Exponential Moving Average TRIX. Accumulative Swing Index ASI. Advance Decline Ratio ADR. Commodity Channel Index CCI. Relative Strength Index RSI.
Average True Range ATR. Chaikin Money Flow CMF. Detrended Price Oscillator DPO. Market Facilitation Index MFI. The best of MT4 indicators. Indicators for Account Monitoring. This is a breakout indicator, which is used on a daily basis to capture the price breaks out of the predefined breakout zones. The indicator draws colored boxes:. Red box - stretches form the beginning to the end of the breakout zone.
Thanks again for all YOUR work. Hi, Please explain during sellthe example on the above only buy? Very Great Job and many thanks but if you can program such like this indicator to work in daily bars with the same setting except. I have downloaded the indicator but during current trade, I could not see the box but instead the whole right hand column is filled with blue.
Am I missing anything. The problem is when he breaks the breakout for only 4 or 5 pips and then returns trend reverses. First of all just want to say that this is a great site. Keep up the good work.
Price Breakout Pattern Scanner indicator for MetaTrader 4
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