The indicator is an alternative to МА and other trend indicators, does not use Moving Averages and periods reacting only on the price movements. Delta as the reversal parameter, is not deposited on close price but the extremums, i.e. high and low. At the same time the condition of the turn is not only the delta but the breakthrough bar, i.e. breakthrough of a certain price level. Under the breakthrough bar (the bar with the “pure” closing) means the bar which closing is above high or below the previous bar’s low. Isolation of these bars is like the appearance of a new box on the charts of (three) linear reversal.
MT5 Indicator – Download Instructions
Breakout Bars Trend v2 is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
Breakout Bars Trend v2 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Breakout Bars Trend v2.mq5?
- Download Breakout Bars Trend v2.mq5
- Copy Breakout Bars Trend v2.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Breakout Bars Trend v2.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Breakout Bars Trend v2.mq5 is available on your Chart
How to remove Breakout Bars Trend v2.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: