Breakout Eagle

🦅 Free MT4 Indicator → Helps traders detect market breakout opportunities.
📈 ATR-Based Signals → Uses Average True Range (ATR) to calculate breakout levels.
🚨 Buy & Sell Alerts → Notifies when bullish or bearish breakouts occur.
Easy to Use → Quick installation and beginner-friendly setup.
🎯 Customizable Settings → Adjust ATR period, levels, and alerts as per strategy.

🦅 Popular & Free Forex Tool → The Breakout Eagle Indicator for MT4 is a widely used and free indicator that helps traders spot breakout opportunities in real-time.

📈 Breakout Detection with ATR → The indicator plots an upper and lower line derived from the Average True Range (ATR).

  • Bullish Breakout → When price breaks above the upper line.
  • Bearish Breakout → When price breaks below the lower line.

🚨 Built-in Alert System → Automatically notifies traders when a breakout occurs, ensuring no opportunity is missed.

Beginner-Friendly & Quick Setup → Easy to install on any MT4 platform and suitable for traders of all levels.

🎯 Customizable Parameters → Traders can adjust:

  • ATR period
  • Upper & lower line values
  • Alert preferences

🧩 Versatile Usage → Effective across multiple forex pairs and timeframes, making it useful for scalpers, day traders, and swing traders.

Input Settings & Controls

  • NumberOf Days → Specifies the number of days the indicator will analyze.

  • period Begin → Sets the starting time of the trading period for analysis.

  • period End → Sets the ending time of the trading period for analysis.

  • Box End → Defines the end point of the breakout box.

  • Box BreakOut_Offset → Determines the offset applied to breakout detection.

  • BoxHLColor → Sets the color for the high and low lines of the box.

  • Box BreakOutColor → Sets the color used to indicate a breakout.

  • BoxPeriodColor → Defines the color of the box representing the trading period.

Devices Supported

Device Type Operating System Compatibility with TradingView
💻 Windows Laptop/Desktop Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11 ✅ Fully supported via app
🍏 MacBook / iMac macOS 10.15+ ✅ Fully supported via app
📱 Android / Mobile Android OS ❌ Not supported

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  • All our offerings are intended for testing strategies and educational evaluation only—not for real-money trading.
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⚠️ Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.

✅ Always remember🧠 my 3R Rule💡: If the money💰 is yours then, risk⚖️, reward🏆 and regret😔 are solely yours. 🔥

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