Breakout Pattern

📊 Powerful Breakout Detection Tool → The Breakout Pattern Indicator for MT4 is a popular and free forex tool that helps traders identify potential breakout opportunities in real-time.
📈 Price Action + Volume Analysis → Unlike simple indicators, it combines price action with volume data to confirm breakout strength.
🛑 Support & Resistance Identification → Highlights key levels where breakouts are most likely to occur.
📐 Trendlines & Chart Patterns → Detects breakouts formed by technical chart setups like triangles, channels, and ranges.
🚨 Built-in Visual Alerts → Provides instant notifications when a breakout is detected, ensuring traders never miss an opportunity.
⚙️ Customizable Parameters → Traders can modify settings such as sensitivity, pattern recognition, and alert preferences to suit their trading style.
🎯 Versatile for All Traders → Works across different forex pairs and timeframes, making it useful for scalping, day trading, and swing trading.

Input Settings & Controls

Min. height of splash → Defines the minimum price movement required to consider a pattern valid.
Max bars before crossing → Sets the maximum number of bars allowed before a pattern is confirmed or crossed.
Color of bull not active pattern → Determines the color used for bullish patterns that are currently inactive.
Color of bear not active pattern → Determines the color used for bearish patterns that are currently inactive.
Color of bull active pattern → Sets the color for bullish patterns that are currently active.
Color of bear active pattern → Sets the color for bearish patterns that are currently active.
Buy signal arrow color → Defines the color of the arrow indicating a buy signal.
Sell signal arrow color → Defines the color of the arrow indicating a sell signal.
Alert on pattern found? → Enables or disables an on-screen alert when a pattern is detected.
Notification on pattern found? → Enables or disables notifications (e.g., pop-up or push) when a pattern is detected.
The number of bars to display → Determines how many historical bars/candles the indicator will show on the chart.

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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