This counts every 16 candles back.
If price breaks past the last 16 candles it will show.
Maybe a good programmer will make a dash out of it or something.
I can't just give it to you. You won't learn anything like that.
I use the 16 candle breakout on the 1hr.
And trade the 4hr towards the daily.
Why do I trade like this?
Breakouts are the leading indicator. Its price action. Every other indicator or most of them are lagging. Only price action is leading.
When you compare leading to lagging I will win every time.
put the functions in the libraries folder
Also, I don't take just every breakout. It's the bite and the signal that I look for to check my fishing line.
- !! GoldBug BreakOut Box5.ex4
- (42.12 KiB) Downloaded 379 times
- !! GoldBug BreakOut Box5.mq4
- (15.92 KiB) Downloaded 392 times
- !! GoldBug Functions.ex4
- (33.01 KiB) Downloaded 366 times
- !! GoldBug Functions.mq4
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