Forex Indicator – sqDynamicBreakoutBox v 1.12

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Forex Indicator “sqDynamicBreakoutBox v 1.12” settings:

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A useful tool in identifying a narrow market is the sqDynamicBreakoutBox indicator. In it, you can set the parameters you need yourself, for example, by setting AutoBoxRange = false, you can set the minimum number of candles on which a narrow market should take place, for example, for 22 candles – BoxLength = 22, and the narrow market range of 20 pips – BoxRange = 20. The Parameter BoxTimeFrame is responsible for the TF on which the flat box is built (0 means the current TF). That’s all the wisdom. Now, just like the market will be flat for at least 22 candles, and its range will not exceed 20 pips, then the box and draw. According to the theory, the longer the flat lasts and the more it is already, the more powerful it may turn out to be the subsequent movement. Setting BoxLength = 40 to TF = 15 m, we will look for a narrow market with a duration of as much as 10 hours. After such a calm movement can be very powerful. Using this interesting indicator, one can catch a breakthrough in the Kobrovsky signals with a high probability. Good luck.