ATR-Based Breakout Indicator with Clear Buy/Sell Signals
Gold Zone Elite uses a 22-bar ATR-based box formation to identify consolidation zones on the chart. When price breaks above the upper boundary of a zone, a green BUY arrow appears with predefined Fibonacci take-profit levels (0.618, 1.0, 1.382, 1.618, 2.0, 2.382, 2.618, 3.0, 3.382). When price breaks below the lower boundary, a red SELL arrow triggers with the same TP structure. The indicator works on any timeframe from M1 to monthly, and users can customize the box length, ATR multiplier, and breakout bar confirmation count. A trial mode indicator is displayed on the chart showing total zones, buy/sell signals, and cumulative pips gained.
The indicator includes a trial mode counter and lets you know exactly how many zones and signals have been generated. Multiple TP levels allow flexible risk management — you can take partial profits at each Fibonacci level while letting the rest run. The ATR-based zone sizing adapts to current market volatility, ensuring stop-loss and take-profit levels are always dynamically appropriate for the prevailing price action.
XAUUSD (Gold), major forex pairs (EURUSD, GBPUSD, USDJPY, USDCAD). All timeframes from M1 to Monthly.
!!! READ BEFORE USE !!!
This EA is for educational and expert use only. Test on a DEMO account for at least 30 days before going live. By clicking "OK", you accept all market risks.
