5 Day Break Out Forex Indicator

This forex indicator draws two horizontal lines that marks the most recent 5 day high price and the most recent 5 day low price. Mostly used to trade daily range breakouts. The indicator H-L input can be adjusted to fit your needs. For example, 10 days, 20 days, 50 days,..

Download link: Click here to download the 5DayBreakOut.ex4 indicator 

5 Day Break Out Indicator Chart Example (EURUSD D1)


Platform: Metatrader 4

Indicator type: Addon