Forex Phases Zone Breakout Trading Strategy
From the Old Kings archive: Forex Phases Zone Breakout Trading Strategy, an indicator for MetaTrader 4. Judging by its name, it is built around price zones drawn on the chart and breakouts from a range. In the code it works with moving averages and ATR. It has 8 settings, for example Viscosity (default 7), Sedimentation (default 50) and Threshold level (default 1.1). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 5 indicator files 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 Forex Phases Zone Breakout Trading Strategy
Forex Phases Zone Breakout Trading Strategy is an indicator for MetaTrader 4 based on Moving Average and ATR. It has 8 settings, such as Viscosity, Sedimentation and Threshold level. MQL source code included.
Files in the download: breakout the phases zone.tpl, Damiani_volatmeter.ex4, Damiani_volatmeter.mq4, Happs_Phases_v8.ex4, installation manual.txt, MA_Shade 5-25.ex4, MA_Shade 5-25.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Viscosity | 7 | |
| Sedimentation | 50 | |
| Threshold level | 1.1 | |
| Lag supressor | true | |
| Ma1 period | 5 | Period or timeframe used by the calculation |
| Ma2 period | 25 | Period or timeframe used by the calculation |
| Ma method help | 0-SMA, 1-EMA, 2-SMMA, 3-LWMA | |
| Ma method | 1 |
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 · Moving Average · ATR · MT4 Indicator · MQL4 Source Code