BreakOut-EAGLE__ut2DaMax

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Author: hapalkos
BreakOut-EAGLE__ut2DaMax

This script is designed to automatically map out historical price data on your trading charts to help you visualize specific market movements. Its primary purpose is to identify "breakouts"—moments where the price moves outside of a previously established range.

How the Logic Works

The script operates by scanning back through your trading history (based on a user-defined number of days) and performing the following steps:

1. Defining the Observation Window You can set a specific time window each day (for example, the first few hours of the trading session). The script looks specifically at the price action during this period to determine the "high" and "low" points reached.

2. Automatic Range Detection For every day in your chosen history, the tool automatically calculates:

  • The highest price reached during your specified morning window.
  • The lowest price reached during that same window.

3. Visual Mapping (The Boxes) Once it finds these high and low points, the script draws four distinct types of visual markers on your chart:

  • The High-Low Range: A large shaded box that encompasses the entire price movement for that day's specific period.
  • Breakout Markers: Small, specific boxes placed exactly at the highest and lowest points. These serve as "tripwires," making it easy to see exactly where the price peaked or底部 (bottomed out).
  • The Period Boundary: A highlighted box that visually separates the specific trading session from the rest of the day's data.

4. Data Persistence & Formatting The script automatically handles the calendar logic, ensuring it skips weekends and accounts for different month lengths (like leap years or months with 30 days). It also applies specific colors and styles so that the markings are easy on the eyes and do not overlap awkwardly, keeping your chart clean and professional.

Summary of Benefits

Instead of you having to manually draw lines and boxes every day to see where the price "broke out," this script automates that entire process. It creates a historical roadmap of highs and lows, allowing you to see at a glance which days the market stayed within its bounds and which days it broke through the established levels.

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BreakOut-EAGLE__ut2DaMax 



//+------------------------------------------------------------------+
//|                                               BreakOut-EAGLE.mq4 |
//|                                      Color Modified by ut2DaMax  |
//|                                                       2007.10.14 |
//|   ++ modified for those that use Black Backgrounds 4 Charts      |
//|   ++ and I think you will find these colors easier on the eyes   |
//|   ++ this indicator will help you indentify the breakouts        |
//+------------------------------------------------------------------+
//+------------------------------------------------------------------+
//|                                               BreakOut-EAGLE.mq4 |
//|                                                        hapalkos  |
//|                                                       2007.02.11 |
//|   ++ modified so that rectangles do not overlay                  |
//|   ++ this makes color selection more versatile                   |
//|   ++ code consolidated                                           |
//+------------------------------------------------------------------+
#property copyright "hapalkos"
#property link      ""

#property indicator_chart_window
 
extern int    NumberOfDays = 50;        
extern string periodBegin    = "05:00"; 
extern string periodEnd      = "08:00";   
extern string BoxEnd         = "23:00"; 
extern int    BoxBreakOut_Offset = 1; 
extern color  BoxHLColor       = C'44,50,48';
extern color  BoxBreakOutColor = C'97,82,43';
extern color  BoxPeriodColor   = White;

//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
void init() {
  DeleteObjects();
}

//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
void deinit() {
  DeleteObjects();
return(0);
}

//+------------------------------------------------------------------+
//| Remove all Rectangles                                            |
//+------------------------------------------------------------------+
void DeleteObjects() {
    ObjectsDeleteAll(0,OBJ_RECTANGLE);     
 return(0); 
}

//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
void start() {
  datetime dtTradeDate=TimeCurrent();

  for (int i=0; i<NumberOfDays; i++) {
  
    DrawObjects(dtTradeDate, "BoxHL  " + TimeToStr(dtTradeDate,TIME_DATE), periodBegin, periodEnd, BoxEnd, BoxHLColor, 0, 1);
    DrawObjects(dtTradeDate, "BoxBreakOut_High  " + TimeToStr(dtTradeDate,TIME_DATE), periodBegin, periodEnd, BoxEnd, BoxBreakOutColor, BoxBreakOut_Offset,2);
    DrawObjects(dtTradeDate, "BoxBreakOut_Low  " + TimeToStr(dtTradeDate,TIME_DATE), periodBegin, periodEnd, BoxEnd, BoxBreakOutColor, BoxBreakOut_Offset,3);
    DrawObjects(dtTradeDate, "BoxPeriod  " + TimeToStr(dtTradeDate,TIME_DATE), periodBegin, periodEnd, periodEnd, BoxPeriodColor, BoxBreakOut_Offset,4);

    dtTradeDate=decrementTradeDate(dtTradeDate);
    while (TimeDayOfWeek(dtTradeDate) > 5) dtTradeDate = decrementTradeDate(dtTradeDate);
  }
}

//+------------------------------------------------------------------+
//| Create Rectangles                                                |
//+------------------------------------------------------------------+

void DrawObjects(datetime dtTradeDate, string sObjName, string sTimeBegin, string sTimeEnd, string sTimeObjEnd, color cObjColor, int iOffSet, int iForm) {
  datetime dtTimeBegin, dtTimeEnd, dtTimeObjEnd;
  double   dPriceHigh,  dPriceLow;
  int      iBarBegin,   iBarEnd;

  dtTimeBegin = StrToTime(TimeToStr(dtTradeDate, TIME_DATE) + " " + sTimeBegin);
  dtTimeEnd = StrToTime(TimeToStr(dtTradeDate, TIME_DATE) + " " + sTimeEnd);
  dtTimeObjEnd = StrToTime(TimeToStr(dtTradeDate, TIME_DATE) + " " + sTimeObjEnd);
      
  iBarBegin = iBarShift(NULL, 0, dtTimeBegin);
  iBarEnd = iBarShift(NULL, 0, dtTimeEnd);
  dPriceHigh = High[Highest(NULL, 0, MODE_HIGH, iBarBegin-iBarEnd, iBarEnd)];
  dPriceLow = Low [Lowest (NULL, 0, MODE_LOW , iBarBegin-iBarEnd, iBarEnd)];
 
  ObjectCreate(sObjName, OBJ_RECTANGLE, 0, 0, 0, 0, 0);
  
  ObjectSet(sObjName, OBJPROP_TIME1 , dtTimeBegin);
  ObjectSet(sObjName, OBJPROP_TIME2 , dtTimeObjEnd);
  
//---- High-Low Rectangle
   if(iForm==1){  
      ObjectSet(sObjName, OBJPROP_PRICE1, dPriceHigh);  
      ObjectSet(sObjName, OBJPROP_PRICE2, dPriceLow);
      ObjectSet(sObjName, OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet(sObjName, OBJPROP_COLOR, cObjColor);
      ObjectSet(sObjName, OBJPROP_BACK, True);
   }
   
//---- Upper Rectangle
  if(iForm==2){
      ObjectSet(sObjName, OBJPROP_PRICE1, dPriceHigh);
      ObjectSet(sObjName, OBJPROP_PRICE2, dPriceHigh + iOffSet*Point);
      ObjectSet(sObjName, OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet(sObjName, OBJPROP_COLOR, cObjColor);
      ObjectSet(sObjName, OBJPROP_BACK, True);
   }
 
 //---- Lower Rectangle 
  if(iForm==3){
      ObjectSet(sObjName, OBJPROP_PRICE1, dPriceLow - iOffSet*Point);
      ObjectSet(sObjName, OBJPROP_PRICE2, dPriceLow);
      ObjectSet(sObjName, OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet(sObjName, OBJPROP_COLOR, cObjColor);
      ObjectSet(sObjName, OBJPROP_BACK, True);
   }

//---- Period Rectangle
  if(iForm==4){
      ObjectSet(sObjName, OBJPROP_PRICE1, dPriceHigh + iOffSet*Point);
      ObjectSet(sObjName, OBJPROP_PRICE2, dPriceLow - iOffSet*Point);
      ObjectSet(sObjName, OBJPROP_STYLE, STYLE_SOLID);
      ObjectSet(sObjName, OBJPROP_COLOR, cObjColor);
      ObjectSet(sObjName, OBJPROP_WIDTH, 2);
      ObjectSet(sObjName, OBJPROP_BACK, False);
   }   
      string sObjDesc = StringConcatenate("High: ",dPriceHigh,"  Low: ", dPriceLow, " OffSet: ",iOffSet);  
      ObjectSetText(sObjName, sObjDesc,10,"Times New Roman",Black);
}

//+------------------------------------------------------------------+
//| Decrement Date to draw objects in the past                       |
//+------------------------------------------------------------------+

datetime decrementTradeDate (datetime dtTimeDate) {
   int iTimeYear=TimeYear(dtTimeDate);
   int iTimeMonth=TimeMonth(dtTimeDate);
   int iTimeDay=TimeDay(dtTimeDate);
   int iTimeHour=TimeHour(dtTimeDate);
   int iTimeMinute=TimeMinute(dtTimeDate);

   iTimeDay--;
   if (iTimeDay==0) {
     iTimeMonth--;
     if (iTimeMonth==0) {
       iTimeYear--;
       iTimeMonth=12;
     }
    
     // Thirty days hath September...  
     if (iTimeMonth==4 || iTimeMonth==6 || iTimeMonth==9 || iTimeMonth==11) iTimeDay=30;
     // ...all the rest have thirty-one...
     if (iTimeMonth==1 || iTimeMonth==3 || iTimeMonth==5 || iTimeMonth==7 || iTimeMonth==8 || iTimeMonth==10 || iTimeMonth==12) iTimeDay=31;
     // ...except...
     if (iTimeMonth==2) if (MathMod(iTimeYear, 4)==0) iTimeDay=29; else iTimeDay=28;
   }
  return(StrToTime(iTimeYear + "." + iTimeMonth + "." + iTimeDay + " " + iTimeHour + ":" + iTimeMinute));
}

//+------------------------------------------------------------------+

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