Directional Breakout Oscillator MT5 Download – Free – [TradingFinder]

The Directional Breakout Oscillator is designed to identify the main direction of market movement in MetaTrader 5. This trading tool uses a 20-period moving average to visually represent trend changes.

This indicator identifies the market condition as either bullish, bearish, or neutral by plotting colored bars at the bottom of the chart. Additionally, by enabling the “Show arrows” option, the indicator can provide precise entry and exit signals through small arrows on the chart.

Directional Breakout Oscillator Specification Table

The table below describes the specifications of the Directional Breakout Indicator:

Buy Trade Setup

According to Ethereum's (ETH) 5-minute chart, the appearance of yellow bars suggests a ranging or sideways market.

A breakout above this range followed by consecutive green bars confirms the beginning of a bullish trend. In this case, the indicator issues a buy signal by displaying a green arrow.

Sell Trade Setup

Based on the 1-hour chart of Silver against the US Dollar (XAG/USD), yellow bars indicate a neutral or sideways phase.

A breakout below this range and the consecutive appearance of red bars confirm the start of a bearish trend. At this point, the indicator displays a red arrow, issuing a sell signal and presenting an opportunity to enter short trades.

Directional Breakout Indicator Settings

The image below shows the adjustable settings of the Directional Breakout Oscillator:

• Calculation Period: Number of periods for calculating the moving average
• MA Method: Type of moving average
• Applied Price: Price used for calculating the moving average
• Alerts ON: Enable alerts
• Alert On Current: Alert when a signal appears on the current candle
• Alert Message ON: Enable text alert messages
• Alert Sound ON: Enable sound alerts
• Alert Email ON: Enable email alerts
• Alert Sound File: Specify a sound file for alerts
• Show Arrows: Display signal arrows
• Arrows Identifier: Identifier or label for arrows
• Arrows Upper Gap: Vertical distance of the upward arrow from the candle
• Arrows Lower Gap: Vertical distance of the downward arrow from the candle
• Arrows Up Color: Color of the upward signal arrow
• Arrows Down Color: Color of the downward signal arrow
• Arrows Up Code: Graphic code for upward arrow
• Arrows Down Code: Graphic code for downward arrow

Conclusion

The Directional Breakout Indicator analyzes market behavior and visualizes the analysis results using colored bars in a separate panel.

Thanks to its simple yet effective design, this indicator is widely used in various markets, including Forex, cryptocurrencies, stocks, and commodities.

One of the key features of this tool is its flexible and customizable settings, making it easy to adapt to different trading strategies, such as scalping or long-term trading.