Wizard Breakout Detector
Parameter Adjustments:
Adjust Max Breakout Length, Threshold Rate (%), and Minimum Number of Tests inputs to fit your trading style or specific market conditions.
For example:
Lower Max Breakout Length for short-term scalping.
Increase Threshold Rate for volatile markets.
Alerts Configuration:
Fine-tune alert messages for different breakout scenarios.
Benefits of the Indicator
Dynamic Visualization: Automatically updates as new swing highs and lows form.
Clarity: Clearly marks breakout opportunities and potential trend reversals.
Custom Alerts: Keeps you informed without constant chart monitoring.
Scalability: Works for all timeframes (1-minute to weekly) and assets (stocks, forex, crypto, etc.).
"Disclaimer: This indicator is intended for educational purposes only and does not constitute financial advice. Trading involves significant risk, and users should perform their own research and consult with a licensed financial advisor before making any trading decisions."
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact WIZARDTRENDS directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact WIZARDTRENDS directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.