Market Structure Breaker Indicator MT4 Download - Free - [TradingFinder]

The Market Structure Breaker Indicator is an analytical tool designed to identify true market structure breaks. Based on price action concepts and the ICT and Smart Money styles, this indicator displays trend changes in real-time.
This trading tool draws market structure break lines and extends them on the chart to clearly show the price direction.
Its main function lies in determining market direction, identifying entry and exit points, and confirming structural shifts.

Market Structure Breaker Indicator Specification Table

The table below contains the specifications of the Market Structure Breaker Indicator.

Market Structure Breaker Indicator at a Glance

In this indicator, once a high or low is broken, a structural line is drawn and extended as a dashed line.
When this dashed line is broken upward by the body of a bullish candlestick, a buy signal is generated. Conversely, if the dashed line is broken downward by the body of a bearish candlestick, a sell signal is triggered.

Buy Signal

According to the 1-hour GBP/USD chart, the price breaks a previous low and extends it as a dashed line.
Later, the dashed line is broken by the body of a bullish candle, and the indicator displays a buy signal using a blue marker.

Sell Signal

Based on the 30-minute Solana (SOL) cryptocurrency chart, a previous high is broken and extended as a dashed line on the chart. Then, the body of a bearish candlestick cuts through this dashed line downward, and the indicator issues a sell signal with a red marker.
This situation indicates a market structure shift toward a bearish trend and serves as a cue for entering a sell position.

Market Structure Breaker Indicator Settings

The adjustable parameters of the Market Structure Breaker Indicator are as follows:

• Swing Period: Number of base candlesticks used to identify structural highs and lows
• Breaker Maximum Duration: Maximum allowed number of candlesticks for displaying a structure break level
• Bullish MS: Color of bullish structure level
• Bullish Breaker: Color of bullish break signal
• Bearish MS: Color of bearish structure level
• Bearish Breaker: Color of bearish break signal

Conclusion

The Market Structure Breaker Indicator is developed to display actual structural breaks in the market. It first determines the break level and extends it as a dashed line on the chart.
Then, based on the breakout of these dashed lines by bullish or bearish candlestick bodies, it generates buy and sell signals accordingly.