Description
BREAK AND RETEST V5.0
Master the Markets with Precision
Master the markets with the Break and Retest V5.0 Indicator, designed to pinpoint precise entry points by leveraging the break and retest strategy. This powerful tool waits for price action to break through support or resistance levels, then retest those levels, ensuring high-probability trade entries backed by wick rejections and continuation candles.
Key Features
Accurate Break and Retest Strategy: Identifies support and resistance levels, waits for retests, and confirms entries with wick rejections.
No Lag, No Repaint: Ensures reliable signals without lagging or repainting.
Visual Clarity: Clearly displays support and resistance levels at retest zones.
Comprehensive Alerts: Receive professional alerts and push notifications with specific time entries for support, resistance, break, and retest zones.
Versatile Compatibility: Works seamlessly across Forex, Metals, Indices, and Cryptocurrencies on any timeframe.
Customizable Parameters: Tailor settings to fit your trading style and preferences.
Break and Retest Parameters
Max Lookback Break Candle for Broken Zones: Default 250. Adjust the number of previous break candles remembered for potential retests.
Minimum Candles Between Break and Retest: Default 8. Set the minimum number of candles required between a break and retest.
Confirmation Filter: Default True. Ensures confirmation candles after wick rejections before signaling entries.
Fractal Detection for Late Entry: Default False. Option to wait for highest high or lowest low confirmation before entering trades.
Alerts and Push Notifications: Default True. Receive instant buy or sell notifications in your MT4 terminal and on your phone.
Custom Colors for Zones: Default Blue for resistance and Red for support. Customize colors to your preference.
Supply/Demand Settings
Max LookBack Candles for Support & Resistance: Default 250. Adjust the number of candles considered for support and resistance zones.
Support & Resistance Sensitivity: Default 0.10. Customize the thickness of support and resistance lines for clear visualization.
The Break and Retest V5.0 Indicator leverages advanced algorithms to detect the earliest signs of trend reversals and continuations. By focusing on real-time price actions and eliminating lag, it provides traders with a robust tool to navigate the complexities of the financial markets confidently. Whether you’re a day trader or prefer long-term positions, this indicator adapts to your needs, offering precision and reliability.
Designed with the professional trader in mind, Break and Retest V5.0 ensures that you are always a step ahead in the market. Its ability to filter out market noise and focus on high-probability setups makes it an indispensable tool for any serious trader. The combination of visual clarity, comprehensive alerts, and customizable parameters means you can tailor the indicator to suit your unique trading style.
One of the standout features of this indicator is its no lag, no repaint technology. Unlike other indicators that may provide delayed or unreliable signals, Break and Retest V5.0 gives you real-time data that you can trust. This accuracy is crucial when trading volatile instruments like Forex, Metals, Indices, and Cryptocurrencies, where timing is everything.
Furthermore, the indicator’s support and resistance detection capabilities are second to none. By marking these critical levels and waiting for retests, it ensures that you enter trades at the most opportune moments. The inclusion of wick rejections and continuation candles in its analysis adds an extra layer of confirmation, increasing the likelihood of successful trades.
The customizable parameters of Break and Retest V5.0 allow you to fine-tune the indicator to match your trading strategy perfectly. Whether you need to adjust the lookback period for break candles or set the minimum number of candles between a break and retest, this indicator provides the flexibility you need. Additionally, you can customize the colors of your support and resistance zones, making it easier to read and interpret charts at a glance.
Alerts and notifications are another critical aspect of the Break and Retest V5.0 Indicator. With professional alerts and push notifications, you will never miss a trading opportunity. The alerts are designed to be both timely and informative, giving you all the details you need to make an informed decision without being tied to your trading terminal.
For traders who prefer a hands-on approach, the detailed visual representation of support and resistance zones, along with the confirmation filters, ensures that you have all the information you need to execute trades with confidence. The addition of fractal detection for late entries provides an extra safety net, ensuring that you don’t miss out on profitable trades even if you are a bit late to the party.
In summary, the Break and Retest V5.0 Indicator is a comprehensive tool that offers a strategic edge in trading. Its advanced features, combined with user-friendly customization options and reliable alerts, make it an essential addition to any trader’s toolkit. Whether you are trading Forex, Metals, Indices, or Cryptocurrencies, this indicator provides the precision and reliability needed to succeed in the financial markets.
| Specification | Details |
|---|---|
| Platform | MetaTrader 4 |
| Strategy | Break and Retest |
| Compatibility | Forex, Metals, Indices, Cryptocurrencies |
| Timeframe | Any |
| Max Lookback Break Candle | 250 |
| Min Candles Between Break and Retest | 8 |
| Confirmation Filter | True |
| Fractal Detection | False |
| Alerts and Notifications | True |
| Custom Colors | Blue (Resistance), Red (Support) |
| Support & Resistance Sensitivity | 0.10 |
admin (store manager) –
Great Indicator, recommended