Professional linear breakout charts that are displayed directly in the chart window, which allows you to trade directly from the chart in the MetaTrader 5 terminal.
Linear breakout charts can be displayed as the most widely used three-line breakout or as a custom variation, for example, a two- or five-line breakout.
Shadows can be hidden or displayed on the chart – they provide a lot of additional information about the underlying price action.
The indicator settings include:
- Line break number – the number of lines (or lows/highs of previous candles) that must be broken to display the reversal line.
- Show wicks – show shadows (true/false)
- Use max. candles for history calculation – use the maximum number of candles to calculate the history
- UseInEA – Set to TRUE if indicator used in an EA – set true if indicator is used as part of an Expert Advisor (true/false)
- Use padding top/bottom (0.0 – 1.0) – percentage value of the visible price range (from maximum to minimum), which should be added to the top/bottom of the highest/lowest candle, so that the chart is more convenient for perception
The indicator is also equipped with a custom data window where you can check the OLHC prices of each bar, as well as the opening time and information about the total volume.
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To display the data window, left-click on the selected candle, while holding the CTRL key on the keyboard.
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