Break Out Box 5 Daily Candles O Cbox Indicator
This Old Kings indicator for MetaTrader 4 is called Break Out Box 5 Daily Candles O Cbox Indicator. As the name suggests, the idea behind it is breakouts from a range. It has 29 settings, for example Unique ID (default DailyCandles), Number Of Days (default 50) and period A begin (default 00:00). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Break Out Box 5 Daily Candles O Cbox Indicator
Break Out Box 5 Daily Candles O Cbox Indicator is an indicator for MetaTrader 4. It has 29 settings, such as Unique id, Number of days and Period a begin. MQL source code included.
Files in the download: BreakOut_BOX_5_DailyCandles_OCbox_indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Unique id | DailyCandles | --- Server Time --- GMT+2 --- |
| Number of days | 50 | |
| Period a begin | 00:00 | Day0 |
| Period a end | 00:00 | Day1 |
| Next day a | 1 | Set to zero if periodA_begin and periodA_end are on the same day. |
| Period b end | 00:00 | Day1 |
| Next day b | 1 | Set to zero if periodA_begin and periodB_end are on the same day. |
| Rect ab color1 | PowderBlue | Colour on the chart |
| Rect ab color2 | LightCoral | second rectangle color to indicate relative position of Open/Close |
| Rect ab background | true | true - filled solid; false - outline |
| Rect a color | Red | Colour on the chart |
| Rect a background | false | true - filled solid; false - outline |
| Rect b1 color | DarkOrchid | Colour on the chart |
| Rect b1 background | false | true - filled solid; false - outline |
| Rect b1 band | 0 | Box Break-Out Band for the Period B rectangle |
| Rects b2 color | SkyBlue | Colour on the chart |
| Rects b2 background | true | true - filled solid, false - outline |
| Rects b2 band | 5 | Box Break-Out Band for the two upper and lower rectangles |
| Open close | true | false - High/Low boxes; true - Open/Close boxes |
| Period b alerts | false | Alerts are set on the upper and lower sides of the upper and lower rectangles - rectsB2 |
| Asia begin | 01:00 | Hour when trading starts (server time) |
| Asia end | 09:00 | |
| Asia color | Red | Colour on the chart |
| Eur begin | 09:00 | Hour when trading starts (server time) |
| Eur end | 16:00 | |
| Eur color | Blue | Colour on the chart |
| Usa begin | 16:00 | Hour when trading starts (server time) |
| Usa end | 23:00 | |
| Usa color | Tan | Colour on the chart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Breakout · MT4 Indicator · MQL4 Source Code