Technical Indicators for MetaTrader 5
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MetaTrader 5
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Overview
The Breaker Blocks with Signals indicator aims to highlight a complete methodology based on breaker blocks. Breakout signals between the price and breaker blocks are highlighted and premium/discount swing levels are included to provide potential take profit/stop loss levels.
This script also includes alerts for each signal highlighted.
? SETTINGS
? Breaker Blocks
? PD Array
This script also includes alerts for each signal highlighted.
? SETTINGS
? Breaker Blocks
- Length: Sensitivity of the detected swings used to construct breaker blocks. Higher values will return longer term breaker blocks.
- Use only candle body: Only use the candle body when determining the maximum/minimum extremities of the order blocks.
- Use 2 candles instead of 1: Use two candles to confirm the occurrence of a breaker block.
- Stop at first break of center line: Do not highlight breakout signals after invalidation until reset.
? PD Array
- Only when E is in premium/discount zone: Only set breaker block if point E of wave ABCDE is within the corresponding zone.
- Show premium discount zone: Show premium/discount zone.
- Highlight Swing Break: Highlight occurrences of price breaking a previous swing level.
- Show Swings/PD Arrays: Show swing levels/labels and pd areas.
? USAGE
See images.
Frequently Asked Questions
Why nothing show on chart when i load inidicator?
https://www.youtube.com/watch?v=hW-KHHvUCWI
How i build signal scan system with this indicator?
