Market Structure Breakout Indicator MT5 Download - Free | Forex Indicator Download - MetaTrader 5 Resources

The Market Structure Breakout Indicator is a professional tool of technical analysis that can identify actual areas of change in price direction.

This indicator is based on principles and trading models such as Price Action "ICT" and Smart Money and is able to show the exact moment of a market structure breakthrough directly on the chart.
The main applications of this indicator include identifying dominant trends, identifying suitable entry or exit areas, and confirming structural changes in the market.

Market structure circuit breaker indicator specifications table

The specifications of the Market Structure Breakout indicator are as follows.

List of indicators of market structure disruption

In this indicator, when a high or low is broken, a line is drawn on the chart to show the structural breakout, extending with a dotted line.
Then, if the body of the bullish candlestick crosses this dotted line upward, it can serve as a buy signal or indication of a bullish move. On the contrary, if the real body bearish candlestick breaks the dotted line downwards, it acts as a sell signal and indicates the beginning of a downtrend.

Buy Signal

According to the 15-minute USD/CAD chart, the price low was broken and marked "MSB" and the same horizontal line extended as a dotted line.
In this case, the dotted line is broken by the bullish candlestick body and the indicator issues a buy signal.

Sell ​​Signal

According to the 30-minute NZD/USD chart, the price high was broken and extended as a dotted line on the chart.
Then, the body of the bearish candlestick breaks this dotted line downward , and the indicator shows a sell signal with a red mark.

Market Structure Breakout Indicator Settings

The market structure breakout indicator is set up as follows:

• Swing Period: The number of underlying candlesticks used to identify structural highs and lows
• Circuit Breaker Maximum Duration: Maximum number of allowed candlesticks for extended breakout level display
• Bullish MS: Color of bullish structural levels
• Bullish Breaker: The color of a bullish breakout signal
• Bearish MS: Color of bearish structural levels
• Bearish Breaker: Color of bearish breakout signals

Conclusion

The Market Structure Breakout Indicator is designed to accurately display price structure breakout points. This tool identifies market structure breaks , plots them on the chart, and then extends them as dotted lines.
A bullish or bearish candlestick body crossing this dotted line determines the type of trading signal that is issued.