Breakout Zones
From the Old Kings archive: Breakout Zones, an indicator for MetaTrader 4. As the name suggests, the idea behind it is price zones drawn on the chart and breakouts from a range. It draws arrows on the chart. It has 3 settings, for example Local Time Zone (default 2), Dest Time Zone (default 6) and Pips For Entry (default 5). 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 Zones
Breakout Zones is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart. It has 3 settings, such as Local time zone, Dest time zone and Pips for entry. MQL source code included.
Files in the download: breakout-zones.mq4, Professional Trading System.url.
Settings
| Setting | Default | What it does |
|---|---|---|
| Local time zone | 2 | |
| Dest time zone | 6 | |
| Pips for entry | 5 |
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 · Buy/Sell Arrows · MT4 Indicator · MQL4 Source Code