The Discipline Buy/Sell Breakout Forex MT4 Oscillator does an awesome job in predicting powerful breakout trends right before the move begins.
The indicator appears in a sub-trading window in the form of an histogram with green and red colored signal bars.
To make it even more easier, the Discipline Breakout Oscillator prints buy and sell arrows on the activity chart.
Utilize for scalping, day trading and swing trading purposes.
It can be used as a standalone signal indicator or combine with other technical indicators and price action strategies.
- A blue colored arrow printed on the chart represents a buy trade signal.
- A red colored arrow printed on the chart represents a sell trade signal.
- Works for any currency pair and time frame without exception.
Feel free to explore the Discipline Buy/Sell Breakout Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD M15 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Discipline Buy/Sell Breakout Forex MT4 Indicator
Buy Signal: Buy the desired currency pair when the Discipline MT4 indicator prints a blue arrow on the chart.
Place stop loss 3 pips below the previous swing low price, or use your own favorite SL method.
Exit the buy trade when the indicator prints a red down arrow on the chart (stop and reverse the trade), or use your own favorite take profit method.
Sell Signal: Sell the desired currency pair when the Discipline MT4 indicator prints a red arrow on the chart.
Place stop loss 3 pips above the previous swing high price, or use your own favorite SL method.
Exit the sell trade when the indicator prints a blue up arrow on the chart (stop and reverse the trade), or use your own favorite take profit method.
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Period, price, mode fast, signals, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: signal breakout
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.