The Multi Time Frame (MTF) Forex Breakout indicator for MetaTrader 4 is a non-lagging technical tool that draws two dynamic trend lines to help identify potential breakout opportunities.
MTF stands for multi-time frame, allowing traders to incorporate higher-timeframe data into their intraday strategy.
This indicator provides highly accurate breakout trade signals in both bullish and bearish markets.
The yellow trend line acts as resistance, while the purple trend line serves as support, guiding traders to potential breakout zones.
Once installed on the MT4 platform, the indicator will display clean, color-coded trend lines on your chart for easy analysis.
Key Features
- Price breakout indicator
- Pure price action-based signals with no lag
- Non-repainting for consistent results
- A valuable addition to any trading system
This indicator can be used alongside any existing trading strategy or system, making it a flexible tool for traders of all styles.
Free Download
Download the “multi-time-frame-breakout-indicator.ex4” MT4 indicator
Indicator Example Chart
The EUR/USD 1-hour chart below shows the Multi Time Frame Forex Breakout Forex indicator in action.
Buy/Sell Trading Signals
BUY:
- A buy signal is given as soon as the price closes above the yellow colored trend line.
- Place a stop loss below the previous swing low price (support).
- Exit the buy trade for a predetermined profit target or utilize a risk-to-reward ratio of 1.5 or better.
SELL:
- A sell signal is given as soon as the price closes below the purple colored trend line.
- Place a stop loss above the previous swing high price (resistance).
- Exit the sell trade for a predetermined profit target or utilize a risk-to-reward ratio of 1.5 or better.
Download Now
Download the “multi-time-frame-breakout-indicator.ex4” MT4 indicator
Multi Time Frame Breakout Strategy with Strong ADX Confirmation
The Multi Time Frame Forex Breakout Indicator MT4 helps identify key breakout zones using dynamic support and resistance levels.
Chart Setup
- Primary Indicator: Multi Time Frame Forex Breakout Indicator
- Confirmation Indicator: ADX (14)
- Timeframe: 15-minute (M15) or 1-hour (H1)
- Pairs: Major pairs like EUR/USD, GBP/USD, and USD/JPY
Buy Trade Conditions
- Price breaks above the yellow resistance line drawn by the MTF Breakout Indicator.
- ADX is above 20 and rising, indicating strengthening trend momentum.
- Enter a buy trade at the candle close above the breakout level.
Sell Trade Conditions
- Price breaks below the purple support line drawn by the MTF Breakout Indicator.
- ADX is above 20 and rising, confirming a valid trend.
- Enter a sell trade at the candle close below the breakout level.
Stop Loss and Take Profit
- Stop Loss: Place just below the breakout level for buys or above it for sells.
- Take Profit: Use a 1:2 risk-to-reward ratio or target the next major support/resistance zone.
Additional Tips
- Check higher timeframes to ensure alignment with the breakout direction.
- Avoid trading during low volatility periods, such as major holidays or pre-news sessions.
- Combine with candlestick confirmation (e.g., engulfing candles) for added precision.
Technical Parameters & Settings
Time frame, minimal distance, pop-up alert, pop-up alert by current tick, colors, style
Feel free to explore the indicator’s different parameters and settings to create your personalized indicator setup.
More Info About This Indicator
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: any
Indicator Type: price breakout
How to install the Multi Time Frame Forex Breakout indicator in Metatrader 4?
- Copy and paste the multi-time-frame-breakout-indicator.ex4 indicator into the MQL4 indicators folder.
- You can access this folder from the top menu as follows:
- File > Open Data Folder > MQL4 > Indicators (paste here)
