Low Volume Breakout Zones Metatrader 4 Forex Indicator
The Low Volume Breakout Zones Metatrader 4 indicator is a simple trading tool that can determine powerful volume breakouts on any currency pair.
It is designed to aid newbies, as well as experienced traders spot areas or zones in the market that is experiencing low volume, while in anticipation of price hike either upward or downwards.
The indicator can be deployed on all time frame charts (from M1 up to monthly), thereby unlocking the secrets of consistent profits-taking during active trading hours.
- In a bid to just get a better view of how the market is fairing, more attention should be paid to the red horizontal lines that creates zone markings, forming periodically on the activity chart.
- Normally, the indicator’s default setting tends to allow buy/sell orders entries upon having price break above or below the red breakout zones.
- When price is seen to trade within the boundaries of the red horizontal lines, it is pointing out to probable readiness of the market to spike or dip.
Feel free to explore the Low Volume Breakout Zones Forex indicator’s different parameters and settings to create your own personalized indicator setup.
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Low Volume Breakout Zones Forex Indicator Chart (GBP/CHF H1 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 Low Volume Breakout Zones MT4 Indicator
Buy Signal: Go long when three consecutive bars open and close above the red upper boundary of the Breakout Zones indicator.
When the light sea green line of the ADMI indicator breaks above the 20.00 level and the yellow green (+DI) line is aligned above the wheat (-DI) line, it is a buy signal confirmation.
Sell Signal: Go short when three consecutive bars open and close below the red lower boundary of the Breakout Zones indicator.
When the light sea green line of the ADMI indicator breaks above the 20.00 level and the wheat (-DI) line is aligned above the yellow green (+DI) line, it is a buy signal confirmation.
Exit buy trade: Close all buy orders if while a bullish trend is running, price opens and closes below the Breakout Zones indicator. Else, exit when the light sea green line of the ADMI indicator dips below the 20.00 level.
Exit sell trade: Close all sell orders if while a bearish trend is running, price opens and closes above the Breakout Zones MT4 indicator. Else, exit when the light sea green line of the ADMI indicator dips below the 20.00 level.
Tips: The Low Volume Breakout Zones MT4 Indicator predicts the direction price is heading in an accurate manner.
Adding other technical indicators greatly enhances its capabilities.
For example, we included the Average Directional Movement Index indicator to further boost results (see chart above).
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Local Time Zone, dest time zone, pips for entry.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Breakout
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.