The box breakout indicator draws a box connecting the high and low price of the predefined time period, for example 1 hour, 2 hours, 4 hours, 8 hours,…
Trading Signals From This Indicator
BUY: Buy a break and close above the box high price.
SELL: Sell a break and close below the box low price.
This indicator works best on the GBP/USD pair.
Download
Download the box-breakout.mq4 Metatrader 4 indicator.
Configurable Indicator Options
periodBegin, periodEnd, BoxPeriodColor, BoxHLColor
GBP/USD 30 Min Chart Example
How to install the Box Breakout custom indicator in Metatrader 4?
- Download the box-breakout.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.