Breakout MT5 Indicator

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The indicator shows on a chart High and Low levels over the specified time interval, which is set as hours and minutes of the period beginning and end.

The indicator shows two zones: “period” and “area”. When the price is in the period zone, the values of the High and Low levels are recalculated.

The indicator allows setting:

  • the hour and minute of the beginning of the “period” zone
  • the hour and minute of the end of the “period” zone
  • the hour and minute of the end of the “area”
    The “area” zone begins right after the end of the “period” zone

It has five input parameters:

  • “Period” Hour begin – the hour of the beginning of the period zone
  • “Period” Minutes begin – the minute of the beginning of the period zone
  • “Period” Hour end – the hour of the end of the period zone
  • “Period” Minutes end – the minute of the end of the period zone
  • “Area” Hour end – the hour of the end of the area zone
  • “Area” Minutes end – the minute of the end of the area zone

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Breakout MT5 Indicator

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1 COMMENT

  1. Dear Mr. Morris,
    SUBJECT: Breakout MT5 Indicator
    Thank you for the creation of this indicator and for your generosity of publishing it.
    Will you please let me know the values of its five input parameters as an example to follow?
    I shall be most grateful if you could do that, or for any suggestions you may care to make.
    Thank you.
    Kind regards,
    Conrada De Dumo

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