The Intraday Channel Breakout Indicator is a popular and free tool for forex traders. It is designed to help traders identify the best entry and exit points for their trades. The indicator works by analyzing the price movement of a currency pair over a certain period of time, and then plotting a channel on the chart which shows the upper and lower boundaries of the price movement. When the price breaks out of the channel, it is an indication that a new trend is forming. The indicator is useful for both short-term and long-term trades, as it can be used to identify potential entry and exit points for both. The Intraday Channel Breakout Indicator is available for free on the MetaTrader 4 (MT4) platform. It is easy to install and use, and can be customized to suit individual traders’ needs. The indicator can be used to identify potential entry and exit points for both short-term and long-term trades. It also provides traders with an insight into the current market conditions, allowing them to make better trading decisions.
MT4
Intraday Channel Breakout
The Intraday Channel Breakout Indicator is a popular and free Forex indicator for MT4 that is extremely useful for traders. The indicator works by detecting the highest high and lowest low of the last X bars and then plotting a line that connects the two points. When price breaks out above or below this line, a signal is generated. This indicator is easy to use and can be a great addition to any trader’s toolkit.
Trading Style | |
---|---|
Indicator Type | |
Timeframe | |
Platform |
0
People watching this product now!
Category: Trend
Downloads - 19
Description
Reviews (0)
Be the first to review “Intraday Channel Breakout” Cancel reply
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
Auto Trend Lines Channels
The Auto Trend Lines and Channels Indicator is a popular and free technical analysis tool for traders who use MT4 platform. This indicator automatically draws trend lines and channels on the chart, saving traders time and effort in manually drawing and adjusting these lines.The Auto Trend Lines and Channels Indicator is easy to use, and it works by analyzing the market price action to identify key support and resistance levels.
Trend DashBoard
The Trend Dashboard Indicator is a powerful MT4 tool for forex traders who want to keep track of multiple currency pairs and timeframes on one chart. The indicator uses a dashboard to display the trend direction and strength for different currency pairs and timeframes. It also includes an alert feature that can notify traders of potential trading opportunities. With this indicator, traders can save time and stay on top of market trends, allowing them to make informed trading decisions.
Cypher Pattern
The Cypher Pattern Indicator is a free and popular Forex indicator for MT4 that is useful for traders looking to identify potential trading opportunities. The indicator works by plotting a series of lines on the chart that represent Fibonacci levels. The lines are then connected to form a pattern, which is the Cypher Pattern. This pattern is used to identify potential trading opportunities and can help traders determine potential entry and exit points.The indicator is easy to use and can help traders make more informed trading decisions.
Automatic Trendlines
The Automatic Trendlines indicator is a new and popular free to use MT4 indicator designed to automatically draw trendlines on your chart, saving you time and effort. The indicator uses advanced algorithms to determine trendlines based on price movement and can be used on any currency pair or timeframe. The Automatic Trendlines indicator is a useful tool for traders who want to quickly and easily identify trends in their charts.
Trend Strength
The Trend Strength Indicator is a popular and free Forex MT4 indicator that helps traders determine the strength of a trend. It works by measuring the strength of a trend using a unique algorithm that takes into account different time frames. The indicator is available for use on the MT4 trading platform and is easy to use even for novice traders. It displays trend direction and trend strength with green and red bar charts. Use the trend strength indicator as a standalone indicator or combine it with other technical indicators to improve your trading strategies.
Reviews
There are no reviews yet.