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Time-Window High-Low Breakout Indicator

Article MQL5 code base
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Summary

This indicator plots the high and low reached during a configurable period of the day, then displays those levels through a following area that begins when the period ends. While price is in the period zone, the high and low values are recalculated. The settings define the start and end times for the measurement period and the end time for the display area.

The examples describe a period running from midnight to 05:00 and an area continuing until 23:00, shown on hourly and 15-minute charts. This provides a way to visualize a defined session range for potential breakout analysis. The document explains the indicator’s timing and plotted levels, but does not specify entry or exit rules, risk controls, performance evidence, or how to handle time zones and overnight sessions. It is a charting indicator description rather than a tested trading strategy.

Key ideas

  • The indicator tracks the high and low during a user-defined time period.
  • Those levels are recalculated while price remains inside the measurement period.
  • A subsequent display area starts immediately after the period and runs to a configured end time.
  • The example shows the same time windows on hourly and 15-minute charts.
  • No trading rules or performance results are provided.

Tags

BreakoutTechnical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.