Breakout 2
This Old Kings indicator for MetaTrader 4 is called Breakout 2. Its name points to breakouts from a range. It has 8 settings, for example Number Of Days (default 50), period Begin (default 00:00) and period End (default 05:30). Try it on a demo chart first and note how its lines or arrows react to new bars. 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 Breakout 2
Breakout 2 is an indicator for MetaTrader 4. It has 8 settings, such as Number of days, Period begin and Period end. MQL source code included.
Files in the download: breakout~.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Number of days | 50 | |
| Period begin | 00:00 | Hour when trading starts (server time) |
| Period end | 05:30 | Number of bars in the calculation |
| Box end | 23:00 | |
| Box break out offset | 10 | |
| Box hl color | MidnightBlue | Colour on the chart |
| Box break out color | LimeGreen | Colour on the chart |
| Box period color | OrangeRed | Number of bars in the calculation |
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