Breakout - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator displays the high and low prices on the chart for a specified time interval, which is set to the hours and minutes at the beginning and end of the time period.
The indicator shows two areas: "Period" and "Area". When the price is in the cycle area, the values of the high and low prices are recalculated.
This indicator allows setting:
It has five input parameters:
Figure 1. The "Period" on the H1 chart is 00:00 to 05:00, and the "Area" is 23:00
Figure 2. The "Period" on the M15 chart is 00:00 to 05:00, and the "Area" is 23:00
Attachment download
📎 breakout.mq5 (19.84 KB)
Source: MQL5 #20343
Breakthrough - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Breakthrough - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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