Instead of treating every price break as a trading opportunity, this indicator looks for a specific sequence of candle rejections and then checks whether the breakout direction agrees with the dominant side inside the zone.
Best of all, UTT Wick Sequence Breakout V1.01 is completely free to download.
📥 Download UTT Wick Sequence Breakout V1.01 for MT5
Indicator: UTT Wick Sequence Breakout
Version: V1.01
Platform: MetaTrader 5
Price: FREE
File: EX5
Signal: Breakout confirmation
Signals: Non-repainting and confirmed on candle close
👉 FREE MT5 INDICATOR DOWNLOAD
[DOWNLOAD UTT WICK SEQUENCE BREAKOUT V1.01]
Save the .ex5 file to your MT5 Indicators folder and follow the installation instructions below.
What Is the Wick Sequence Breakout Indicator?
The UTT Wick Sequence Breakout is a MetaTrader 5 indicator designed to identify breakout setups after repeated rejection of a price area.
The basic idea is simple:
A breakout is more meaningful when it agrees with the side that has demonstrated control inside the zone.
The indicator looks at the most recent candles and searches for repeated rejection from the same side.
When 3 of the last 5 candles reject from the same side, the indicator identifies that area and creates a box around the candle cluster.
It then analyzes the volume inside the box to determine whether buyers or sellers are dominant.
The indicator waits for price to break out of the zone before generating a signal.
How Does UTT Wick Sequence Breakout Work?
The indicator follows several important steps.
1. Detecting Wick Rejection
The indicator looks for repeated rejection represented by long candle wicks.
There are two main possibilities:
Long upper wicks → Seller rejection
Long lower wicks → Buyer rejection
When three of the last five candles show rejection from the same side, the area becomes a potential defended zone.
2. Creating the Box
Once the required wick sequence is identified, the indicator boxes the relevant candle cluster.
This box represents an area where buyers and sellers have been actively competing.
3. Analyzing Volume
The indicator then looks at the volume inside the box.
The objective is to determine which side has greater dominance:
Buyer-dominated zone
or
Seller-dominated zone
This becomes an important directional filter.
4. Waiting for the Breakout
The indicator doesn't immediately generate a signal simply because price reaches the box.
It waits for price to break out.
The important part is that the breakout direction must agree with the dominant side.
Buyer-Dominated Breakout
Suppose buyers dominate the volume inside the box.
The preferred breakout direction is up.
Therefore:
Buyer dominance + upside breakout = potential BUY signal
If price instead breaks downward from a buyer-dominated zone, the setup is filtered.
This helps avoid taking a trade simply because price crossed a level.
Seller-Dominated Breakout
The opposite applies when sellers dominate the box.
The preferred breakout direction is down.
Therefore:
Seller dominance + downside breakout = potential SELL signal
If price breaks upward from a seller-dominated zone, the setup is filtered.
Wick Sequence Breakout Logic
The concept can be summarized like this:
| Market Condition | Breakout | Result |
|---|---|---|
| Buyers dominate | Up | 🟢 BUY setup |
| Buyers dominate | Down | ❌ Filtered |
| Sellers dominate | Down | 🔴 SELL setup |
| Sellers dominate | Up | ❌ Filtered |
The objective is to filter out breakouts that don't agree with the dominant side of the market.
Key Features of UTT Wick Sequence Breakout V1.01
The free MT5 indicator is designed around several useful features:
- ✅ Completely free
- ✅ MetaTrader 5 compatible
- ✅ Detects wick rejection sequences
- ✅ Uses the 3-of-5 candle concept
- ✅ Automatically creates breakout zones
- ✅ Identifies dominant volume
- ✅ Filters opposite-direction breakouts
- ✅ Filters weak breakout candles
- ✅ Provides Entry levels
- ✅ Provides Stop Loss levels
- ✅ Provides TP1, TP2 and TP3
- ✅ Non-repainting
- ✅ Signals confirmed on candle close
Entry, Stop Loss and Take Profit Levels
When a valid breakout occurs, the indicator can display important trade-management levels directly on the chart.
These include:
Entry
The potential price at which the trade can be considered.
Stop Loss (SL)
A predefined reference level for limiting risk.
TP1
First potential profit target.
TP2
Second potential profit target.
TP3
Third potential profit target.
Having these levels displayed can make it easier to plan a trade before entering the market.
However, traders should always consider their own risk-management rules and market conditions.
Non-Repainting MT5 Indicator
One of the important characteristics of the UTT Wick Sequence Breakout is its non-repainting approach.
Signals are confirmed on the candle close and are designed not to disappear afterward.
This is useful when reviewing historical signals because traders can analyze previous setups without relying on signals that continuously move or disappear.
Remember that non-repainting does not mean profitable. A confirmed signal can still result in a losing trade.
How to Install UTT Wick Sequence Breakout on MT5
Installing the free indicator on MetaTrader 5 is simple.
Step 1: Download the Indicator
Download the UTT_WickSequenceBreakout V1.01.ex5 file from the download section.
Step 2: Open MetaTrader 5
Launch your MetaTrader 5 platform.
Step 3: Open the Data Folder
From the MT5 menu, click:
File → Open Data Folder
Step 4: Open the Indicators Folder
Navigate to:
MQL5 → Indicators
Step 5: Copy the EX5 File
Copy:
UTT_WickSequenceBreakout V1.01.ex5
into the Indicators folder.
Step 6: Restart MT5
Restart MetaTrader 5 or right-click the Navigator window and select Refresh.
Step 7: Add the Indicator
Go to:
Navigator → Indicators
Find UTT Wick Sequence Breakout V1.01 and drag it onto your chart.
The indicator should now appear on your MT5 chart.
Which Markets Can You Trade With It?
The indicator can be tested across different markets available through your MT5 broker, including:
- Forex
- Gold
- Indices
- Commodities
- Cryptocurrencies
- Other CFD markets
Performance can vary significantly between markets.
A setup that works well on one instrument may perform differently on another.
For this reason, test the indicator on the specific market you intend to trade.
Which Timeframe Is Best?
There isn't one universally best timeframe.
You can experiment with different timeframes such as:
- M1
- M5
- M15
- M30
- H1
- H4
- D1
Lower timeframes can produce more signals but also contain more market noise.
Higher timeframes generally produce fewer setups and can provide larger market-structure zones.
A useful approach is to test multiple timeframes and determine which produces the most consistent results for your preferred market.
How to Use the Indicator
A simple trading workflow is:
Step 1: Wait for the wick sequence.
Step 2: Allow the indicator to create the box.
Step 3: Check the dominant volume side.
Step 4: Wait for price to break the box.
Step 5: Make sure the breakout direction agrees with the dominant side.
Step 6: Confirm that the breakout candle is meaningful.
Step 7: Review the Entry, SL and TP levels.
Step 8: Apply your own risk-management rules before entering.
Example of a BUY Setup
Imagine price is consolidating around a particular area.
Several candles repeatedly form long lower wicks, showing rejection of lower prices.
Three of the last five candles meet the required rejection condition.
The indicator creates a box around the sequence.
Volume analysis shows that buyers dominate inside the box.
Price then breaks above the box with a meaningful breakout candle.
The conditions now align:
Wick rejection → Buyer dominance → Upside breakout
The indicator generates a potential BUY signal and displays the relevant trade levels.
Example of a SELL Setup
Now consider a market where price repeatedly rejects higher prices.
Three of the last five candles produce significant upper wicks.
The indicator creates a box around the sequence.
Sellers dominate the volume inside the box.
Price subsequently breaks below the box.
The conditions align:
Wick rejection → Seller dominance → Downside breakout
A potential SELL signal is generated.
Advantages of the Wick Sequence Breakout
The biggest advantage of this approach is that it doesn't rely on the breakout alone.
It combines several pieces of information:
Wick rejection
Shows repeated rejection of a price area.
Box formation
Identifies the area where the rejection occurred.
Volume dominance
Attempts to determine which side has greater control.
Breakout direction
Confirms whether price is moving in agreement with that dominant side.
Candle filtering
Helps avoid weak breakout movements.
This creates a more structured way of analyzing breakout opportunities.
Important Risk Warning
The UTT Wick Sequence Breakout V1.01 is a technical-analysis tool, not a guarantee of profitable trades.
No indicator can predict the market with 100% accuracy.
Unexpected news, volatility, liquidity conditions, spreads and market structure can cause otherwise valid setups to fail.
Before using the indicator with real money:
- Test it on historical charts.
- Use a demo account.
- Test different markets and timeframes.
- Use appropriate position sizing.
- Never risk money you cannot afford to lose.
The UTT Wick Sequence Breakout V1.01 MT5 Indicator provides traders with a structured approach to breakout analysis.
Rather than taking every breakout, the indicator looks for repeated wick rejection, creates a defended zone, determines the dominant volume side and then waits for a breakout that agrees with that dominance.
The basic concept is:
3 of 5 wick rejections → Box → Volume dominance → Confirmed breakout → Entry/SL/TP
If you're looking for a free MT5 breakout indicator, you can download and test UTT Wick Sequence Breakout V1.01 on your preferred market and timeframe.
📥 Download the Free MT5 Indicator
👉 DOWNLOAD UTT WICK SEQUENCE BREAKOUT V1.01
Platform: MetaTrader 5
Version: V1.01
File: EX5
Price: FREE
Disclaimer: This indicator is provided as a technical-analysis tool. Trading forex, CFDs, cryptocurrencies and other leveraged products involves substantial risk. Past performance does not guarantee future results.
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