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Indicator: Break and Retest_V5.0_fix.ex4 (Unlocked MT4 Build 1420+), Presets: 9, UserGuide.
🚀 Introducing the Break and Retest Price Action Indicator
After months of dedicated development, we’re thrilled to unveil one of our most powerful tools yet—our Break and Retest Indicator, built entirely from scratch with over 1,400 lines of code. Designed to deliver precision, speed, and clarity, this is one of the most advanced indicators in our collection.
💡 How It Works
The Break and Retest strategy is a classic price action technique—but we’ve taken it to a whole new level with automation, smart filtering, and clean visuals.
Here’s what the indicator looks for:
Breakout: Price breaks through a key support or resistance level.
Retest: Price pulls back to test the broken level.
Wick Rejection: The retest zone shows strong rejection via candle wicks—an early sign that traders are defending the level.
Confirmation Candle: Once a valid wick rejection is confirmed, the indicator waits for a continuation candle.
Entry Signal: A clear Buy or Sell signal is generated with visual cues and real-time alerts.
✅ No repainting
✅ No lagging
✅ Works on any market or timeframe
🔧 Main Features
🔹 Visual Breakout Zones: Cleanly marked support and resistance zones on your chart.
🔹 Real-Time Entry Signals: Buy/sell alerts only after confirmation of a successful retest.
🔹 Smart Alerts: MT4 pop-up + push notifications with precise time and price-level details.
🔹 Universal Compatibility: Use it on Forex, Metals, Indices, and Crypto.
🔹 Multi-Timeframe Support: From M1 scalping to MN long-term swing trading.
⚙️ Key Parameters Explained
Break & Retest Settings
Max Lookback Break Candle: (Default: 250)
Number of past breakout candles the indicator remembers for possible retests.Minimum Candles Between Break and Retest: (Default: 8)
Ensures enough spacing between the break and the retest to filter out noise.Enable Confirmation Filter: (Default: True)
Waits for a confirmation candle after wick rejection for higher accuracy.Use Fractal to Detect Swing (Late Entry): (Default: False)
Enables a more conservative entry using fractals for traders who prefer late confirmations.Alert & Push Notifications: (Default: True)
Get notified on your MT4 terminal and your phone whenever a new valid trade is detected.Custom Zone Colors:
Resistance = Blue
Support = Red
Easily customizable to suit your chart theme.
🧠 Supply & Demand Settings
Max LookBack for Zones: (Default: 250)
Defines how far back the indicator scans for S&R levels. Keep it high for higher timeframes or lower it for scalping.Zone Thickness (Sensitivity): (Default: 0.10)
Control how thick or thin your support/resistance areas appear.Example: 0.07 = thinner zones, 0.20 = thicker zones.
📋 Indicator Health Check
To ensure everything is running properly, look at the top-left of your MT4 chart:
Health:
Working Ok...Status:
Scanning for a Break & Retest entry...
🛠 Pro Tips
Always combine a strong rejection wick with confirmation for best results.
Pair this tool with smart money concepts or trend filters for even greater accuracy.
Customize the lookback and sensitivity settings to fit your trading style.
Use it with a VPS for 24/7 scanning and signal delivery.
🎯 Final Thoughts
Whether you’re a price action beginner or a seasoned chart technician, the Break and Retest Indicator gives you a clear edge in volatile markets. With zero lag, real-time confirmations, and pro-level alerts, it’s the ultimate tool for smart, patient entries.
Ready to trade with precision?
Let Break and Retest do the heavy lifting while you focus on execution.
