Download Trade BreakOut Forex Indicator For Mt4

Free Download Trade BreakOut Forex Indicator For Mt4

Download Trade BreakOut Forex Indicator For Mt4

The TradeBreakOut indicator reveals distance from the actual price (Close or Maximum/Minimum prices) up to the breakthrough of recently set support or resistance levels which were defined using local maximums and minimums.

Input Parameters:

  • L (default = 50) — indicator period. The higher the value is the less breakouts are signaled but the better their quality.
  • PriceType (default = 1) — the type of the price used in the calculation. Theoretically, the closing price is more suitable for daily/weekly periods. High/Low is more suitable for short-term periods. (0 — Close Price, 1 — High/Low).

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