Multiple Breakout Indicator MT4
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.
Multiple Breakout Indicator MT4 download link