Range Breakout Indicator for Prorealtime [FREE]
Range Breakout Indicator for Prorealtime [FREE]
The Range Breaker indicator detects the range breakouts on the Prorealtime platform.
✅ It displays the ranges, signals, and target prices on your chart.
✅ The screener will allow you to find opportunities in real time.
You will never miss a breakout again!
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Key Features
Range Recognition
Automatically identifies ranges on all assets and timeframes. Spot key price levels instantly.
Breakout Detection
Detects bullish and bearish breakouts with precise entry signals.
Target & Stoploss
Calculates and displays targets and stop-loss levels to optimize your risk/reward ratio.
Signal Validation
Includes volume and validation filters to focus on the most reliable signals.
Trend Filters
Two trend filters help you follow market direction or catch recovery trades.
Market Scanner
Scan multiple assets in real time for breakout opportunities.
Why Use the Range Breaker Indicator?
The Range Breaker Indicator allows you to trade breakout opportunities with confidence. It identifies ranges, detects breakouts, validates signals, and calculates precise targets and stop-loss levels. Perfect for traders looking for actionable signals across any asset or timeframe.
Available Assets & Time Units
The indicator and screener work on the majority of assets listed with your broker:
- Stock
- ETF
- Future
- CFD
- Forex
Breakout detections work on any timeframe, from minutes to daily charts. Suitable for both intraday and swing trading.
Type of trading
The Range Breaker indicator is perfect for day trading and swing trading. It delivers accurate buy and sell signals at breakouts and clearly displays targets and stop-loss levels directly on your chart, helping you trade with confidence and precision.
Easy-to-use
Installation and configuration are simple. Customize breakout detection, range length, validation filters, volume checks, trend filters, and target/stop-loss levels. All settings are intuitive and easy to apply.
Here is the setting panel of the Range Breaker indicator:
Trading Alert
The Prorealtime platform provides an alert system. You can turn the Range Breaker indicator into a signal system with two clicks. The Prorealtime platform will notify you each time a breakout happens. You will never miss a breakout again:
Marker Scanner
The range breakout screener detects the breakouts in real time. You will find trade opportunities in any time units on your preferred marketplaces.
Backtest & Automated Trading
You can integrate the Range Breaker indicator in a backtest or use it in an automated trading system. The new version of the indicator returns all the data you need to create a strategy. I will provide you the code for a backtest implementing the Range Breaker. That will help you to backtest your strategy before taking positions on your real account.
Here is a backtest example of a long entry on the Technology Select Sector SPDR Fund (TLK) in the daily time frame:
Online Documentation
I provide complete documentation in English and French explaining how to install, configure, and use the Range Breaker indicator on the Prorealtime platform.
Available Brokers
The Range Breaker indicator works with Prorealtime versions 11 and 12. You can install the indicator with all brokers that accept this platform.
The brokers with which you can use the Range Breaker indicator are Interactive Brokers, IG Market, Saxo Bank, and Boursorama:
Download the indicator for Free!
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