Sq Dynamic Breakout Box V1 600 2
From the Old Kings archive: Sq Dynamic Breakout Box V1 600 2, an indicator for MetaTrader 4. Judging by its name, it is built around breakouts from a range. The file name marks it as version 1.600.2. In the code it works with ATR. It draws arrows on the chart and can send alerts. It has 40 settings, for example Box Length (default 22), Box Time Frame (default 15) and Box Range (default 30). 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 · Free
About Sq Dynamic Breakout Box V1 600 2
Sq Dynamic Breakout Box V1 600 2 is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Box length, Box time frame and Box range. MQL source code included.
Files in the download: sqDynamicBreakoutBox_v1 600+.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Box length | 22 | |
| Box time frame | 15 | Period or timeframe used by the calculation |
| Box range | 30 | fixed box range, when AutoBoxRange is false |
| Auto box range | true | when true, will use AutoBoxRangeDailyATRfactor*daily_ATR_value as the BoxRange value; |
| Auto box range daily at rperiod | 30 | Period or timeframe used by the calculation |
| Auto box range daily at rfactor | 0.20 | |
| Box buffer pips | 5 | add this amount to the Box Yellow and Magenta lines |
| Days back | 100 | calendar days back; 0=full history |
| Min bars closed outside bo | 2 | number of bars to close outside the BO levels to signal trades; 0 means "enter immediately on Breako |
| Show display panel | true | false will hide the display panel |
| Show tp levels | true | false will hide the TP levels |
| Show tp levels on last box only | true | to limit the TP levels to the last Box only |
| TP1 | 0.618 | |
| TP2 | 1.382 | |
| TP3 | 2.618 | |
| TP4 | 4.236 | |
| TP5 | 5.854 | |
| TP6 | 7.472 | |
| TP7 | 9.090 | |
| TP8 | 11.708 | |
| TP9 | 14.326 | |
| Tp fibo color | clrNONE | Colour on the chart |
| Tp level color | clrGray | Colour on the chart |
| Tp fibo bars | 5 | |
| Buy signal arrow code | 2 | |
| Buy signal arrow color | clrYellow | Colour on the chart |
| Sell signal arrow code | 2 | |
| Sell signal arrow color | clrRed | Colour on the chart |
| Signal mail | false | |
| Signal alert | false | Turn this alert on or off |
| Signal notification | false | Turn this alert on or off |
| Create statistics file | false | |
| Breakout box font size | 12 | |
| Breakout box color | C'0,170,170' | Colour on the chart |
| Breakout box cont color | clrDarkSlateGray | Colour on the chart |
| Breakout box cont full colored | true | true will draw a full rectangle rather than an "empty" rectangle |
| Breakout box cont price color | clrDarkSlateGray | Colour on the chart |
| Breakout price color | C'0,170,170' | Colour on the chart |
| Breakout price width | 2 | |
| Stats color | C'0,220,220' | 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 · Buy/Sell Arrows · Alerts · ATR · MT4 Indicator · MQL4 Source Code