MovingFlatBreakout

This indicator monitors the market for a flat state and possible breakout. The flat state is detected as a predefined number of consecutive bars during which price fluctuates inside a small range. If one of the next bars closes outside the range, breakout is signaled.

The indicator shows 3 lines: blue - upper bound of flat ranges AND consecutive breakout areas; red - lower bound of flat ranges AND consecutive breakout areas; yellow - center of flat ranges (NOT including breakout areas). When a bar in breakout area closes outside flat range, an arrow up or down is shown - these are 2 indicator buffers that can be used from Expert Advisors.

There is an expert MovingFlat that utilizes in the core the same flat breakout signals that are generated by this indicator.

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