Breakout Signals is an indicator developed by Blu4x in collaboration with other traders and coders.
It simply draws auto-trendlines for you and once price breaks the trendline a signal is generated for a BUY or a SELL.
Do not enter signals blindly and use other confluences and confirmations - for example: market structure and fundamentals
When price breaks the orange line you will get a SELL signal
When price breaks the blue line you will get a BUY signal
You can also set your own alerts for when price breaks to the upper/lower side of the trendline.
Default settings have been optimised ready to use but you are change few simple parameters as you wish. This indicators works on all timeframes and in all markets, although I do not recommend you using it on crypto due to super high volatility unless if you are already very familiar with crypto.
This is a simple indicator yet powerful when used properly with confluences. Comment below if you have any questions or check below details.