ACB Breakout Arrows Indicator
ACB Breakout Arrows Indicator
MT4 | MT5
- Update Log
ACB Breakout Arrows indicator provides a crucial entry signal in the market by detecting a unique breakout pattern. This indicator constantly scans the chart for a settling momentum in a particular direction and give the valid entry signal right before the significant price movement.
- The indicator provides stop loss and profit targets.
- Comes with a MTF Scanner dashboard which tracks the breakout signals across all the time-frames.
- Suitable for Day Traders, Swing Traders, and Scalpers.
- Optimized algorithm to increase the accuracy of signals.
- Special level to facilitate the Breakeven move(Quick Profit Line).
- Performance analysis metrics such as win/loss, success rate, avg. profit etc.
Use ACB Trade Filter Indicator to filter out the low probability trades:
- Strong Buy: Up Arrow + Green Histogram + Bullish Trend.
- Strong Sell: Down Arrow + Red Histogram + Bearish Trend.
- Avoid a trade if the histogram is Gray and Trend is Sideways.
Use KT Support and Resistance indicator (optional) to avoid trade entry around a significant support/resistance level. Such trade entries can immediately turn negative and lead to unnecessary losses.
- History Bars: Number of bars to consider for Indicator's calculation.
- Signal Sensitivity: Choose the Arrow's Sensitivity (signal strength).
- Bars for SL: Numbers of bars to consider for Stop loss calculation.
- Show Target Lines: Show/hide the SL, TP and Quick profit levels on the chart.
- Performance Analysis: Show/hide the performance analysis elements included the profit trend line for each signal.
- Alert Settings: Display box, Email, Push notifications and Sound alerts are available.
// MQL4: double Buy_Signal = iCustom(NULL,0,"Market/ACB Breakout Arrows",0,1); double Sell_Signal = iCustom(NULL,0,"Market/ACB Breakout Arrows",1,1); Buy_Stoploss: if(iCustom(NULL,0,"Market/ACB Breakout Arrows",2,1)!=0)Buy_Stoploss = iCustom(NULL,0,"Market/ACB Breakout Arrows",2,1); Sell_Stoploss: if(iCustom(NULL,0,"Market/ACB Breakout Arrows",3,1)!=0)Sell_Stoploss = iCustom(NULL,0,"Market/ACB Breakout Arrows",3,1); // Fetching targets from the chart Quick Profit = NormalizeDouble(ObjectGetDouble(0,"FirstTarget",OBJPROP_PRICE),Digits); First Target = NormalizeDouble(ObjectGetDouble(0,"Target1",OBJPROP_PRICE),Digits); Final Target = NormalizeDouble(ObjectGetDouble(0,"Target2",OBJPROP_PRICE),Digits); // MQL5: // define array double Buy_Arrow; double Sell_Arrow; double Buy_SL; double Sell_SL; //define indicator handle int ACB_handle = iCustom(_Symbol,0,"Market/ACB Breakout Arrows"); // Copy buffers into arrays CopyBuffer(ACB_handle,0,1,1,Buy_Arrow); CopyBuffer(ACB_handle,1,1,1,Sell_Arrow); CopyBuffer(ACB_handle,2,1,1,Buy_SL); CopyBuffer(ACB_handle,3,1,1,Sell_SL); if(Buy_Arrow!=0) // Entry condition for Buy if(Sell_Arrow!=0) // Entry condition for Sell Buy_SL; // Buy Stoploss Sell_SL; // Sell Stoploss // Fetching targets from charts double Quick_Profit=NormalizeDouble(ObjectGetDouble(0,"FirstTarget",OBJPROP_PRICE),_Digits); double First_Target = NormalizeDouble(ObjectGetDouble(0,"Target1",OBJPROP_PRICE),_Digits); double Final_Target = NormalizeDouble(ObjectGetDouble(0,"Target2",OBJPROP_PRICE),_Digits);
- fixed a bug that causes the data overflow in the performance analysis metrics.
- fixed the decimal precision for ASX200.
- added a multi-timeframe scanner dashboard.
- added Max. Profit value in the performance analysis statistics.
- minor changes in the alerts.
- added an ability to choose the quick profit, first target or final target as a success rate criterion.
- source code optimization.
- added a switch to turn on/off the display information.
- source code optimization.
- added a more comprehensive performance analysis.
- source code optimization
- bugs removal
- added old-style text information instead of the movable panel.
- Display panel stability increases.
- A bug causing multiple objects deletion has been fixed.
- A panel related bug has been fixed.
- Added a statistic panel to show the indicator performance metrics in real time.
- Old display information has been removed.
- Some other information has been removed which is not beneficial anymore.
- Source code optimization for faster execution.
- Show/Hide Max. Profit line: The Maximum Favorable Excursion in Pips for the latest signal.
- Ability to change the location of display information(corner).
- Changeable style and width for the target lines.
- Entry, SL, QP, TP1 and TP2 added to the alerts.
- Minor change in labels and bugs fixed.
- Added the input "Signal Sensitivity" to support the customization of parameters on different pairs and time frame.
- Removed a bug related to the alerts.
- Minor change in informational text and labels.
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I recommend ACB Breakout Arrows Indicator if you’re looking for breakouts in the market. This indicator will give you SL & TP levels and a strong indicator on which direction the market is moving. Great product.
ACB Breakout e ACB Filter sono assistenti perfetti. Con loro fare trading è incredibilmente più preciso. State facendo un lavoro impagabile. La potenzialità di questi indicatori è incredibile e la vita di trader cambia in meglio. Grazie davvero per quello che ci date. La mia recensione in home page non rende l’idea a sufficienza. Bisogna usare questi indicatori per capire quanto siano spettacolari. Grazie mille davvero. Fabio Lupo, Genova Italy
The ACB Breakout and ACB Filter is the perfect combination.
i cant rate 5 stars yet cause i ma still waiting since last week to trigger the arrow signal …but in general nice indicator and setup …waiting the arrow to appear
The breakout indicator is very fast and noticeble great tool to have at your arsenal,
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