What is LuxAlgo Breakouts Tests & Retests?
LuxAlgo Breakouts Tests & Retests is an MT4 indicator that draws a zone at each detected support or resistance point. Bullish zones are drawn in green and bearish zones in red.
How to use LuxAlgo Breakouts Tests & Retests
Filled triangles and triangle arrows appear when a candle opens inside a zone and closes outside it. When price passes fully through a zone the zone color is inverted.
Where it helps
Review which zones have already been tested
Separate a completed break from a return to the same area
Organize how far back the zones are drawn on the chart
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| Parameters | — |
| Display | Selects which breakouts are displayed: both directions, bullish only, or bearish only. |
| Width | Sets the width of the breakout zone; a larger value draws a wider zone. |
| Maximum Bars | Sets the maximum number of bars the indicator covers. |
| Display Test/Retest Labels | Controls whether a label is shown when a test or retest is detected. |
| Minimum Bars | Sets the minimum number of bars required to treat a move as a breakout or retest. |
| Set Back To Last Retest | Controls whether the zone is moved back to the most recent retest position. |
| Swings | — |
| Left | Sets the number of bars on the left used to detect a swing point. |
| Right | Sets the number of bars on the right used to detect a swing point. |
| Style | — |
| Bullish | Sets the fill color of the bullish zone. |
| bull2_color | Sets the border and label color of the bullish zone. |
| Bearish | Sets the fill color of the bearish zone. |
| bear2_color | Sets the border and label color of the bearish zone. |
| Label Size | Sets the size of the displayed labels. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
