Multiple Breakout forex MT4 Indicator
Multiple Breakout Suite is a multi-featured indicator that incorporates a trend following strategy combined with multiple breakout points as the entry signals.
Once a new trend is established, it provides several entry opportunities to ride the established trend successfully. A pullback threshold is used to avoid the less significant entry points.
It combines several market dynamics into a single equation to provide a clear depiction of the market trend.
Draws the rectangular box with entry signals to adequately mark the entry points with local maxima and minima.
The indicator measures the accuracy of its signals, and simplistically provides several performance metrics.
It includes a multi-timeframe dashboard which scans all the available time-frames and shows the established trend direction in each time-frame.
Signals Period: Its an integer value that decides the magnitude of entry signals.
Trend Period: Its an integer value that is used to find the main trend direction.
Show MTF Dashboard: Show/Hide the Multi-Timeframe scanner dashboard.
Performance Analysis: Show/Hide the performance analysis metrics(included the MFE trend-line).
Rest of the inputs are self explanatory.
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