The 3 Tier London Breakout Indicator is a popular and useful forex indicator that is compatible with MT4. This indicator helps traders identify potential breakouts during the London trading session, which is known for its high volatility and trading opportunities. The indicator works by identifying three key levels: the high and low of the previous day and the opening range of the current day. When price breaks above or below these levels, it signals a potential breakout and trading opportunity. Traders can use this indicator to place entry and exit points, as well as set stop-loss and take-profit levels based on the identified breakout points. The 3 Tier London Breakout Indicator is free to download and easy to use, making it a valuable tool for forex traders looking to capitalize on London trading session volatility.

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