Price Action Breakout is one of the most popular trading strategies.

The Price Action Breakout indicator is designed using several indicators combined into a single strategy. It is very useful for traders who trade on a breakout. It makes it easier to determine support and resistance levels.

• This price action indicator draws support and resistance levels on the chart, so they will be easier to identify.
• It will inform you about breakouts of support and resistance lines using alerts on the chart and push notifications to your mobile device via the MetaQuotes ID.
• For a beginner or professional trader, it is very useful to know the key support and resistance levels, as well as the overbought and oversold areas.
• It is recommended to use the indicator on pairs with large movements, for example:
• AUDUSD, AUDJPY.
• EURUSD, EURJPY
• GBPUSD, GBPJPY, GBPAUD,
• GOLD and so on.
• It is recommended to use it for intraday trading.
• It should be used on the following timeframes:
• M15
• M30
• H1.
• It has 3 methods for generating signal arrows:
• Support and resistance breakout signal.
• Main Signal1 – Main signal 1.
• Main Signal2 – Main Signal 2.
• It is very effective when used during the European and American trading sessions.

[spoiler title=”Read More…”]

• AUDUSD, AUDJPY.
• EURUSD, EURJPY
• GBPUSD, GBPJPY, GBPAUD,
• GOLD and so on.

• M15
• M30
• H1.

• Support and resistance breakout signal.
• Main Signal1 – Main signal 1.
• Main Signal2 – Main Signal 2.

• Show_Ind_Name: true. – show the indicator name on the chart, set the value to false to hide the indicator name from the chart.
• Ind_Name_Corner: Left upper corner. – select the angle at which the indicator name will be displayed.
• Dot_Sz: 1 . – the size of the points of the support and resistance levels, set the value at your discretion.
• Clr_Resistance: Yellow color. – the color of the resistance levels, set the value to your own discretion.
• Clr_Support: Aqua color. – the color of the support levels, set the value to your own discretion.

• Show_SRCrossSignal: true. – show signal arrows after the candle when the price breaks through the support or resistance level. Set false to hide the arrows.
• SR_ArrowSz: 1. – the size of the arrows for signals when the price breaks through the support or resistance level.
• SR_ArrowUP: Aqua. – the color of the arrows for bullish signals, set the value at your discretion.
• SR_ArrowDN: Yellow. – the color of the arrows for bearish signals, set the value at your discretion.

• Show_MainSignal: false. – set false to hide the signal arrows on the chart for MainSignal; set true to show the signal arrows on the chart.
• Signal_Size1: 1 . – the size of the arrows for MainSignal.
• SignalUP1_Color: Red. – the color of the arrows for bullish signals MainSignal, set the value at your discretion.
• SignalDN1_Color: Red. – the color of the arrows for the MainSignal bearish signals, set the value at your discretion.

• Show_MainSignal2: false. – set false to hide the signal arrows on the chart for MainSignal2; set true to show the signal arrows on the chart.
• Signal_Size2: 1 . – the size of the arrows for MainSignal2.
• SignalUP2_Color: Blue. – the color of the arrows for bullish signals MainSignal2, set the value at your discretion.
• SignalDN2_Color: Blue. – the color of the arrows for the MainSignal2 bearish signals, set the value at your discretion.
• Screen_Alert: true. – pop-up notification when a signal occurs.
• Mobile_Alert: false. – notification to the mobile terminal using the MetaQuotes ID when a signal occurs.

[/spoiler]