Range Breakout Indicator for Prorealtime
Range Breakout Indicator for Prorealtime
Download the indicator for Free!
The Range Breaker will help you seize the best trading opportunities! It detects range breakouts, which are often followed by explosive movements. Thanks to this indicator, you will never miss a breakout again.
Range recognition
The indicator recognizes ranges on all assets in any time unit.
You will quickly visualize the key prices on your charts.
Breakout detection
The indicator detects bullish and bearish breakouts.
You will open entries at the best time.
Target prices
The indicator displays the targets and stoploss on the chart.
You will maximize your gains and reduce the risks.
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, and Saxo Bank:
Available assets and timeframes
The range breaker indicator can be used for all assets, such as stocks, ETFs, forex pairs, and future or CFD contracts.
The range breakout detections work with any time units. You can use the indicator to open day trading or swing trading positions.
Easy-to-use
The indicator’s installation and configuration are very simple. You can activate bullish or bearish breakouts, define the range’s length, only keep the validated breakouts, check the volume increase, apply a trend filter, and select the target and stoploss levels.
Here is the setting panel of the Range Breaker indicator:
Day trading
The range Breaker indicator will help you to open day trading positions. It provides buying and selling breakout signals. It also displays the target and stop loss prices on the chart. Here is an example of signals on the Nadaq index in the 5-minute time unit:
Swing trading
The Range Breaker indicator is perfectly available for swing trading. It gives efficient breakout buying and selling signals. You can determine the stop loss level and set the number of targets. Here is an example of a buying signal on the Nvidia stock in the 4-hour timeframe:
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:
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 breakout strategy run on the Dow Jones index in the 15-minute timeframe:
Documentation
I provide complete documentation in English and French explaining how to install, configure, and use the Range Breaker indicator on the Prorealtime platform.
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