ACB Breakout Arrows Indicator MT4

Specs
Release date:	February 20, 2017
Last updated:	March 12, 2022
Current version:	5.5
Product type:	Indicator
Requirements:	MT4 \| MT5

The ACB Breakout Arrows indicator provides a crucial entry signal in the market by detecting a special breakout pattern. The indicator constantly scans the chart for a settling momentum in one direction and provide the accurate entry signal right before the major move.

Key Features

Stoploss and Take Profit levels are provided by the indicator.
Comes with a multi-symbol and multi-timeframe scanner which tracks the breakout signals across all the symbols and 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 or scalping target(Quick Profit Line).
Performance analysis metrics such as win/loss, success rate, avg. profit etc.
No Repaint.

MQL4

double Buy_Signal = iCustom(NULL,0,"ACB Breakout Arrows", 0,1);

double Sell_Signal = iCustom(NULL,0,"ACB Breakout Arrows", 1,1);

Buy_Stoploss:

if(iCustom(NULL,0,"ACB Breakout Arrows", 2,1)!=0)Buy_Stoploss = iCustom(NULL,0,"ACB Breakout Arrows", 2,1);

Sell_Stoploss:

if(iCustom(NULL,0,"ACB Breakout Arrows", 3,1)!=0)Sell_Stoploss = iCustom(NULL,0,"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,"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]!=0) // Entry condition for Buy
if(Sell_Arrow[0]!=0) // Entry condition for Sell

Buy_SL[0]; // Buy Stoploss
Sell_SL[0]; // 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);

Version 5.5
- speed optimizations.
- Added the Light Mode which disables everything except the arrows and basic alerts.
- Added compatibility for our upcoming multi-symbol and multi-timeframe scanner.

Version 5.1
- fixes a bug that causes the data overflow in the performance analysis metrics.
- fixes the decimal precision for ASX200.

Version 5.0 2020.07.13
- added a multi-timeframe scanner dashboard.
- added Max. Profit value in the performance analysis statistics.
- minor changes in the alerts.

Version 4.8 2019.10.07
- added an ability to choose the quick profit, first target or final target as a success rate criterion.
- source code optimization.

Version 4.7 2019.06.28
- added a switch to turn on/off the display information.

Version 4.6 2019.01.11
- source code optimization

Version 4.5 2019.01.02
- added a more comprehensive performance analysis.
- source code optimization
- bugs removal
- added old-style text information instead of the moveable panel.

Version 4.3 2018.10.31
- Display panel stability increases.

Version 4.2 2018.10.10
- A bug causing multiple objects deletion has been fixed.

Version 4.1 2018.10.03
A panel related bug has been fixed.

Version 4.0 2018.08.03
- 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.

Version 3.0 2017.05.19
- 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.

Version 2.0 2017.04.17
- 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.

ACB Breakout Arrows Indicator
MT4 | MT5

Key Features

Read More

Trades Confirmation

Input Parameters

Video

Screenshots

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