Range Breaker Pattern Indicator MT4

Range Breaker Pattern Indicator MT4

Summary

The Range Breaker indicator forms a range based on an initial large candle followed by several smaller candles. The number of small candles assessed is determined by user input. When the range is broken a signal is generated. The initial and final candles can be of any colour.

A bullish candle is shown with a green arrow below the candle and a bearish candle is shown with a red arrow above the candle. Indicator includes alert notifications.

Key Benefits

This indicator ranges formed by a large candle followed by smaller candles which can be an indication of consolidation. The user can then get a signal when that period of consolidation is broken which may
be a useful signal of price action.

This indicator will help you to scan the markets to analyse this signal against your trading strategy or to assist you in your trade management decisions.

 

For full indicator details and inputs visit the indicator page HERE

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