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Timebox Breakout Metatrader 4 Forex Indicator

    The Timebox Breakout Mt4 indicator draws a box that marks the daily high and low price.

    The daily box presents an easy way to trade daily buy and sell breakout signals.

    A buy breakout signal occurs when the current price rises above the previous day high price.

    A sell breakout signal occurs when the current price falls below the previous day low price.

    The indicator draws 3 different types of colored boxes:

    • Green box: the close price is higher that the open price (bullish)
    • Red box: the close price is lower than the open price (bearish)
    • Yellow box: this box has a Doji single chart pattern inside. This could indicate a possible trend reversal.

    Free Download

    Download the gg-timebox-indicator.mq4” MT4 indicator

    Example Chart

    The EUR/USD 1-hour chart below displays the Timebox Breakout Metatrader 4 indicator in action.

    Basic Trading Signals

    Signals from the Timebox Breakout MT4 indicator are easy to interpret and goes as follows:

    Buy Signal: Open buy position when price breaks above the high of the previous day box high price. Place a protective stop-loss below short-term support.

    Sell Signal: Open short position when price falls below the low of the previous day box low price. Place a protective stop-loss above short-term resistance.

    Trade Exit : Use your own method of trade exit.


    Download the gg-timebox-indicator.mq4” Metatrader 4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Chart pattern indicator

    Customization options: Variable (custom time frame, unit to process) Colors, width & Style.

    Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: breakout


    Copy and paste the gg-timebox-indicator.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.

    You can access this folder from the top menu as follows:

    File > Open Data Folder > MQL4 > Indicators (paste here)

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