Highlights
📊 All Markets
💻 MetaTrader 4
🔓 Time-Limited
🖍 Non-Repainting
♻️ Assets: All
⏰ Timeframes: All
🤖 Automated trading supported by Atlas iBots
The Time-Based Range Indicator is a versatile tool for identifying and trading breakout opportunities around fixed market sessions. It automatically marks consolidation ranges based on user-defined time windows and provides visual levels for breakout confirmation.
Key Features:
- Customizable Time Window – Users can define start and end times (e.g., London Open, New York Session, or Asian Range) for the indicator to capture price action.
- Automatic High/Low Levels – The indicator plots horizontal lines at the session high and low, creating a clear breakout framework.
- Breakout Signals – Traders can easily identify Buy signals when price breaks above the upper range and Sell signals when price breaks below the lower range.
- Visual Simplicity – Clean chart markings with minimal clutter, ensuring easy manual validation.
- Flexible Application – Can be applied to different instruments (FX, indices, commodities, crypto) and timeframes depending on the trading style.
- Automation-Ready – Works as a reliable input for expert advisors or third-party automation tools, enabling traders to build rule-based breakout systems with no coding required.
This indicator provides the building blocks for breakout trading, making it ideal for strategies that rely on session volatility and price expansion after consolidation.
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