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.

Compatibility

Metatrader 4 – MT4.

Variations

  • Range Breaker off chart. The indicator signals are displayed in a separate window off chart (oc).

Indicator Download

You will receive all 2 variations of this indicator. 

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Inputs

Chart Examples

On Chart

Off Chart

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Testimonials

Frequently Asked Questions

After you purchase your indicator, you will see a purchase confirmation page. On this page you will be able to download your purchased indicator. You will also receive an email some time after purchase with another copy of the download link.


You can find full instructions on how to install and activate in this article: How to Install and Use MT4 Custom Indicators and EAs (full guide).

No, custom MT4 indicators and EAs only work on the desktop version of MT4. It is also recommended that you checkout on a PC.

You will be directed to a checkout page to complete your download. If it is a free indicator then you will just need to put in your name and email address and then you will receive access to the free download.

We collect names and email addresses during download as a way to discourage bots from downloading from the site.

We will use your email address to send automated confirmations of your downloads or purchase. We may send further correspondence to you regarding updates on NothardTrading.com but you will be able to opt out of any correspondence if you choose.

No, sharing of the indicators or EAs that you download (whether free of paid) is not allowed by the licence terms. However, please feel free to share our website with others so that they can come and download themselves.

All downloads whether free or paid are subject to the Digital Download Terms And Conditions as found here: LINK.

There is no support available with the Free downloads. We are happy to receive feedback and suggestions, please send these via our contacts page: LINK

These products are sold with limited support and ‘as is’. Information on the indicators, their purpose, functionality and inputs are available on each individual indicators page and associated PDF guide which is free to download and review.

For basic troubleshooting please email [email protected] with your purchase reference and we will respond within 24 hours (Monday-Friday).

Justina Nothard

Justina Nothard

Hi, I’m Justina Nothard, a retail investor trading Stock Index Futures.

I understand how hard it can be for the ordinary trader to learn the basics and find useful tools and practical information.

This is why I decided to create Nothard Trading to help you take control of your trading.

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Why not have a look at our FREE MT4 indicators which are designed to help you get even more out of your trading. 

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