The Range Breakout Indicator is a popular and free Forex indicator for MT4 (MetaTrader 4) that is useful for traders who want to identify potential breakouts in the market. This indicator helps to identify the range of the price action and then signals when the price breaks out of the range. The indicator is based on the algorithm of the Bollinger Bands and uses the same parameters. It also uses a period of time to calculate the range. The Range Breakout Indicator is easy to use and can be used by both new and experienced traders. To use the indicator, simply add it to the chart and set the parameters for the range and period of time. The indicator will then alert you when the price breaks out of the range. This can be useful for traders who want to identify potential entry and exit points for their trades. The Range Breakout Indicator is a great tool for traders who want to identify potential breakouts and take advantage of them. It can be used to identify potential entry and exit points for trades and can be used to identify potential reversals in the market.
MT4
Range Breakout
The Range Breakout Indicator is a popular and free Forex indicator for MT4. It is a useful tool for traders as it helps to identify breakouts in the market. The indicator works by tracking a range of prices and then plotting a line for the highest and lowest points. When the price breaks out of the range, the indicator will alert the trader to a potential trading opportunity. The Range Breakout Indicator is easy to install and use, and it can be used in any trading strategy. It is a great tool for finding trading opportunities and can be used to spot potential breakouts in the market.
| Trading Style | , |
|---|---|
| Indicator Type | |
| Timeframe | |
| Platform |
0
People watching this product now!
Downloads - 64
Description
Reviews (0)
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Breakout Trading
The Breakout Trading Indicator is a powerful MT4 tool designed for forex traders who want to catch breakouts in their trading strategy. The indicator scans for potential breakouts and alerts traders when a potential breakout is detected, making it easy to spot profitable trading opportunities. With an advanced algorithm, the indicator identifies key support and resistance levels, helping traders better understand market trends and make informed trading decisions.
ICT Asian Range
Are you an ICT forex trader? Do you trade ICT Asian breakout strategy? Download this simple ICT Asian range MT4 indicator and improve your forex trading results. This allows traders to quickly identify support and resistance levels for the Asian session, which is a useful tool for traders looking to trade the Asian session.
Fibonacci Pivots
The Fibonacci Pivots Indicator is a powerful MT4 tool for Forex traders looking to predict key levels of support and resistance.Using the Fibonacci sequence, the indicator calculates the pivot levels and displays them on the chart, making it easy to identify potential entry and exit points. The Fibonacci Pivots Indicator works best in trending markets and can be used on multiple timeframes, making it suitable for both short-term and long-term traders. With its clear and easy-to-use interface, this indicator is a valuable addition to any trader's toolbox.
Zone Indicator
The Zone Indicator is a popular MT4 Forex trading tool that is new to the market and is available as a free download. This is essential for forex traders who rely on support and resistance strategies, trend traders and traders who want to anticipate price action. The Zone indicator automatically displays strong support or resistance levels on the chart.
Reviews
There are no reviews yet.