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!
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.
Signal Improvement
The indicator implements validation and volume filters.
You will focus on the best signals.
Trend Filters
The indicator contains two trend filters.
You will follow the trend or take recovery trades.
Market Scanner
A screener is provided with the indicator.
You will find opportunities in real time.
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:
Available Assets and Timeframes
The indicator and screener work on the majority of assets listed with your broker:
- Stock
- ETF
- Future
- CFD
- Forex
The range breakout detections work with any time units. You can use the indicator to open day trading or swing trading positions.
Day & Swing Trading
The Range Breaker indicator will help you to open day and swing trading positions. It provides buying and selling signals depending on the breakout. It also displays the target and stop-loss on the chart.
Day trading
Here are examples of bullish and bearish breakout signals on the S&P 500 in the 2-minute time frame:
Swing trading
Here is an example of a bullish breakout on the SPDR S&P 500 Trust ETF in the daily time frame:
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:
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.
Download the indicator for Free!
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