Breakout Panca Eagle Indicator for MT4 is Breakout indicator which each day creates a box of breakout zone. Once this box is breached we cen enter buy or sell position and take some profit.
This indicator will better visualize and highlight daily breakout zone, improve trading discipline so that you will trade only when its good to trade and wait when its good to wait. Breakout Panca Eagle Indicator for MT4 should filter any insignificant breakouts.
- BLUE zone: it symbolizes HIGH and LOW of the candle range in between specified hours
- GREEN zone: this is a border above and below the BLUE zone. It gives you a warning that a breakout should happen soon and it will serve as an noise zone
- RED lined box: This is a zone where you should not trade and wait for PA (Price Action) to exit the RED zone.
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