Breakout point system indicator for MetaTrader4 (MT4) – free download
April 27, 2020 by Simon in indicators
In this section you can download breakout point system indicator for MetaTrader4 (mt4):
Breakout point system indicator -> up to speed:
- The Breakout indicator defines the high and low of the price over the selected periods, providing an easy way to spot potential buy-sell opportunities.
- Active investors apply breakout trading strategies so that they can take a position at the early stage of a market trend.
- The indicator uses the last 5 day’s high and low by default for plotting the support and resistance lines, with green representing resistance and red signifying support.
- Go long when the price breaks above the green line, or short after it falls below red – though always observe price action signals to ensure validity.