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Breakout indicatorThis indicator helps traders identify potential breakout levels based on the highest high and lowest low of the last N candles, inspired by the classic Turtle Trading strategy. The period (N) is fully customizable, allowing you to adapt it to your trading style. For daily charts, a period between 50 and 100 is recommended. The indicator dynamically plots horizontal lines representing the highest high and lowest low over the selected period. These lines are updated in real-time as price action evolves. A breakout is confirmed when the price closes above the high line (for a bullish breakout) or below the low line (for a bearish breakout). Customize the appearance of the lines with options for thickness, color, and style (solid, dotted, or dashed) to suit your chart preferences. Perfect for traders looking to implement a simple yet effective breakout strategy! Key Features: Editable period (N) for high/low calculation. Real-time updates of high/low levels. Customizable line thickness, color, and style. Usage: Use on daily charts for swing trading or position trading. Combine with other indicators or price action analysis for better confirmation.
Pine Script® indicator
by nepo123
3
Breakout Band v1.0This indicator uses a custom source to define a point of relativity to which regions are based off to aid in technical analysis. Breakout Band's use is: - Monitoring trends - Defining trends - Defining areas of consolidation - Trend support / resistance levels - Aid in technical analysis However, the band provides information different to that of an EMA, as they are not created from the same source, ref Fig 1. --- Fig 1 Breakout Band compared to an EMA, both with a length setting of 20. --- The primary band uses your charts timeframe to plot the band. This can be useful for more immediate information, ref Fig 2. Fig 2 BTC on a 15m chart with Breakout Band's Chart Timeframe option. --- There is also a functionality for a higher timeframe band to be plotted ( currently limited to 4 higher timeframes ) which can help to view higher timeframe moves with lower timeframe information, ref Fig 3. The higher timeframe band has an added smoothing effect. Fig 3. The same chart as referenced in Fig 2., while using Breakout Bands HTF option ( 60m band ). --- USING BREAKOUT BAND The band provides potential areas of consolidation, as seen in Fig 4., and when price action falls outside of the band, it can be considered trending. Fig 4. Defining areas of consolidation, trends, and monitor trends with Breakout Band. --- Different zones are given different colors. The closer to the middle of the band, the higher chance of reactivity. Meaning, there is a greater chance that price will have a reaction within this zone. Whether that be trend continuation or a break of structure, showing signs of weakness of a trend, ref Fig 5. Fig 5. Breakout Bands reactivity region showing an area of potential resistance, which price action enters, then the trend continues. --- NOTE : The same principles apply if you're using the HTF band for monitoring HTF trends. I hope you enjoy the Breakout Band. Should you encounter any issues or have any suggestions for improving this indicator, let me know. Any and all feedback is appreciated.
Pine Script® indicator
by Clancy3gbh
1
Breakout Levels Checklist# Description (EN) ## Breakout Levels Checklist — ATR (Classic shown, Active = 5-Day Median or Manual), D1-Fixed, Risk Position Sizing This script is an on-chart checklist for breakout trades with a daily-fixed ATR core and a simple risk calculator. ATR values are latched on **D1**, so SL/TP remain stable when you switch timeframes. The UI (inputs and panel) is in Russian. ### What it does - **Checklist**: three groups (Prerequisites, Negatives, Waiting). You tick items; the panel shows a clean list with counters. - **Breakout calculations**: Entry, Stop-Loss, Take-Profit from your level price, **k × ATR** stop, and an RR preset. A built-in entry offset ≈ **12.5%** of the stop distance is applied. - **ATR engine (D1)**: - **Classic ATR** (period selectable; HL or True Range) — **always computed and displayed** for reference and daily progress. - **Active ATR** = either **5-day median ATR** with optional *paranormal bar* filter (filters both too-big and too-small D1 ranges by percentage thresholds vs a blended reference), **or Manual ATR** if enabled. - **Risk calculator**: given **Deposit** and **Risk %**, the script outputs the **entry notional (USD)** so an SL hit is approximately equal to your dollar risk; the panel also shows potential PnL to take-profit. - **Stable visuals**: level / entry / SL / TP lines with automatic cleanup on a new day; panel can be placed in any corner (RU labels). ### How to use 1. Set **Direction** (Long/Short) and the **Level Price**. 2. Tick checklist items as the setup forms. 3. In **ATR**, leave Classic as reference (period + HL/TR), and choose the **Active ATR mode**: *5-day median* (with optional paranormal filter) **or** *Manual* (manual value overrides). 4. Pick **k** for **Stop = k × ATR**; TP is placed by the **RR** preset relative to stop size. 5. In **Calculator**, set **Deposit** and **Risk %** — the panel returns the **entry notional** aligned with your risk. 6. Show/hide panel sections (calculations / ATR / calculator) as needed. ### Quick notes - Classic ATR is not selectable; it is always calculated and shown for context and D1 progress. - Active ATR drives stop sizing: *5-day median (with filter)* or *Manual*. - All ATR computations use **closed D1 bars**; values are cached per day. --- # Описание (RU) ## Чек-лист уровней (Пробой) — ATR (классический показывается, Активный = медианный 5-дневный или Ручной), фиксация D1, расчёт позиции от риска Скрипт для работы с пробойными сетапами: чек-лист на графике, фиксированный дневной ATR, расчёт ТВХ/SL/TP и простой калькулятор позиции от риска. Значения ATR фиксируются на **D1**, поэтому SL/TP не «плавают» при смене таймфреймов. Интерфейс (входы и панель) — на русском. ### Что делает - **Чек-лист**: три группы (Предпосылки, Минусы, Ожидаю). Отмечаете галочки — панель выводит список и счётчики. - **Расчёты пробоя**: ТВХ, Стоп-лосс, Тейк-профит от цены уровня; стоп как **k × ATR**; тейк задаётся пресетом **RR**; встроен люфт входа ≈ **12.5%** от дистанции стопа. - **ATR (D1)**: - **Классический ATR** (период, HL или True Range) — **всегда считается и показывается** как справочное значение и для прогресса дня. - **Активный ATR** = **медианный за 5 дней** с опциональным фильтром *паранормальных* баров (одной галочкой отсекаются одновременно слишком большие и слишком маленькие дневные диапазоны по процентным порогам к смешанному референсу) **или** **Ручной ATR** (ручное значение имеет приоритет). - **Калькулятор риска**: по **Депозиту** и **Риску %** отдаёт **сумму входа (USD)** так, чтобы убыток по стопу был близок к заданному риску; дополнительно показывает потенциальный PnL по тейку. - **Стабильная отрисовка**: линии Уровень / ТВХ / SL / TP, авто-очистка на новый день; позиция панели выбирается (русские подписи углов). ### Как работать 1. Задайте **Направление** (Long/Short) и **Цену уровня**. 2. Отметьте пункты чек-листа под текущий контекст. 3. В **ATR** используйте **Классический** как справочный (период + HL/TR), а **Активный ATR** выберите как *медианный 5-дневный* (с фильтром при необходимости) **или** *Ручной* (ручное значение замещает активный). 4. Укажите **k** для **Стоп = k × ATR**; тейк выставляется пресетом **RR** относительно размера стопа. 5. В **Калькуляторе** задайте **Депозит** и **Риск %** — получите **сумму входа**, согласованную с риском. 6. В панели можно скрывать/показывать секции (расчёты / ATR / калькулятор). ### Важные примечания - Классический ATR не выбирается пользователем — он всегда считается и отображается для контекста и прогресса по дню. - Активный ATR используется для расчёта стопа: медианный 5D (с фильтром) или ручной. - Все расчёты ATR делаются по **закрытым барам D1**; значения кэшируются на день.
Pine Script® indicator
by Trader_Journal
Breakout Machine V2 - Alerts - Bitcoin BeatsHello, Hello, Hello and welcome back to Bitcoin Beats. As the title suggests, this is Version 2 of The Breakout Machine Alerts version. Unlike the previous version, this one has been fine-tuned to work best on Binance Futures ( BTCUSDT ). PLEASE BE CAREFUL WITH YOUR LEVERAGE AND DON'T GET REKT. Trade at your own risk! Good luck! This strategy takes MACD and Volume spikes to calculate pumps and dumps in the bitcoin market. I've also added custom backtesting inputs and leverage for you all to experiment with and see the profitability of the Strategy. Alerts version coming soon... Thank you, And goodbye, from Bitcoin Beats.
Pine Script® indicator
by Hamilton_Gilpin
3
breakout and swingA Price Action system that use swing point and breakout above the black line (breakout) is long, below short swing/support/resistance points (blue circles) are displayed after a top or botton, breaking it means an inversion red circles try to guest a target after a top/bottom or after a swing break. the main trend is made by the black line that is set on Day period suitable for 1h to 15m time frame , for small TF you can set a smaller period from setting command By default a set a 40 period channel high/low (the highest and lowest 40 bar back) that is ok for 1 h or smaller tf , but look to long for daily tf, adjust it yourself
Pine Script® indicator
by MarcoValente
7
Breakout IndicatorThis indicator aims to predict the direction of a breakout, should one occur. It is specifically designed with pennants and wedges in mind. You also may use progressively shorter timeframes as a breakout approaches, to get more up-to-the-minute sort of data, please note that breakout is not accurate until after the candle is complete. For this reason, shorter timeframes are necessary to get an accurate read on the market. This is also not intended for candles larger than 1D, but may work with longer candles anyway.
Pine Script® indicator
by MCFX2
38
Consecutive Higher/Lower Closes with Breakout LineIndicator Description: "Four Consecutive Higher/Lower Closes with Auto Breakout Line Timeframe" is a custom TradingView indicator designed to help traders identify key breakout points based on consecutive price action. It combines two main features: Four Consecutive Higher/Lower Closes – Detects bullish or bearish momentum through consecutive higher or lower closing prices. Auto Breakout Line – Plots a breakout line that adapts to the timeframe of the chart, helping to visualize potential breakout levels and trends. Features: Higher/Lower Close Detection: The indicator tracks and plots lines when there are four consecutive higher closes (bullish) or four consecutive lower closes (bearish). This can signal a trend or momentum in the market. Breakout Line: It draws an adaptive breakout line that adjusts based on the selected timeframe (i.e., the chart interval), helping traders visually identify breakout levels across different timeframes. Timeframe Adaptability: The indicator automatically adjusts the breakout line timeframe based on the chart interval (e.g., 15 minutes for lower timeframes and 1 day for higher timeframes). Customizable Timeframe and Color: The default color for breakout lines is purple, but it is customizable. You can also enable/disable the breakout line through the settings. How to Use This Indicator for Trading: 1. Trading with Consecutive Higher/Lower Closes: Bullish Signal: When the indicator detects four consecutive higher closes, it signifies increasing buying momentum. Traders might consider taking long positions when this occurs, especially if the price continues to close higher. Bearish Signal: When the indicator detects four consecutive lower closes, it signals increasing selling pressure. Traders might consider taking short positions if the price continues to close lower. Confirmation: The fourth consecutive higher or lower close should be confirmed with additional analysis, such as candlestick patterns, support/resistance levels, or volume. 2. Using the Breakout Line: The breakout line is designed to help traders identify potential breakout levels. When the price approaches or crosses this line, it could indicate that the market is either breaking out in the direction of the trend or failing to continue the trend. Bullish Breakout: If the price crosses the breakout line upwards (after four consecutive higher closes), it may confirm that a bullish breakout is in progress. This can be a good opportunity to take a long position. Bearish Breakout: If the price crosses the breakout line downwards (after four consecutive lower closes), it may confirm that a bearish breakout is occurring. This can be an opportunity to take a short position. Avoid False Breakouts: It is important not to react to every price move crossing the breakout line. Wait for additional confirmation signals like higher volume, candlestick patterns (e.g., bullish or bearish engulfing), or other technical indicators (e.g., RSI, MACD) to confirm the breakout's validity. How to Avoid Fake Breakouts: A fake breakout occurs when the price moves beyond a breakout level but then quickly reverses back inside the range, trapping traders who took positions in the breakout direction. Here are strategies to avoid fake breakouts: 1. Volume Confirmation: A valid breakout is often supported by higher volume. If the price crosses the breakout line but the volume is low, it's more likely to be a fake breakout. Always check the volume when a breakout occurs. Look for volume spikes that accompany the breakout. A surge in volume confirms the market's conviction in the new trend. 2. Candlestick Patterns: Bullish/bearish engulfing patterns or Doji candles can provide important insights into potential reversals. If a breakout occurs but is immediately followed by a bearish engulfing candle, it's a sign that the breakout may be false. Also, check for candlestick formations at key support or resistance levels for confirmation. 3. Time Confirmation: Wait for the close of the current bar to confirm the breakout. A breakout within a single bar without closing above or below a significant level could be a false move. Sometimes the market will test the breakout level before committing to the direction. This is common in volatile or choppy market conditions. 4. Use of Other Indicators: RSI (Relative Strength Index): An overbought or oversold condition can indicate a potential reversal after a breakout. MACD (Moving Average Convergence Divergence): Watch for a MACD crossover that aligns with the breakout direction to confirm the move. 5. Use Stop Losses: A key rule in avoiding fake breakouts is to always use stop-loss orders. Set your stop-loss just outside the breakout level to avoid excessive losses if the price reverses. Trailing stops can also help lock in profits if the price moves in your favor but may reverse at a later point. Summary: The Four Consecutive Higher/Lower Closes with Auto Breakout Line Timeframe indicator is a valuable tool for identifying strong trends and potential breakouts in the market. By combining consecutive close patterns with dynamic breakout levels, it can help traders spot bullish or bearish momentum and make more informed trading decisions. However, always confirm breakouts with volume, candlestick patterns, and other technical indicators to avoid fake breakouts and reduce the risk of false signals. By using this indicator along with prudent risk management strategies, traders can improve their chances of entering and exiting trades at the right time while avoiding unnecessary losses from false breakouts.
Pine Script® indicator
by jochacko11
Volatility Breaker Blocks [BigBeluga]The Volatility Breaker Blocks indicator identifies key market levels based on significant volatility at pivot highs and lows. It plots blocks that act as potential support and resistance zones, marked in green (support) and blue (resistance). Even after a breakout, these blocks leave behind shadow boxes that continue to impact price action. The sensitivity of block detection can be adjusted in the settings, allowing traders to customize the identification of volatility breakouts. The blocks print triangle labels (up or down) after breakouts, indicating potential areas of interest. 🔵 IDEA The Volatility Breaker Blocks indicator is designed to highlight key areas in the market where volatility has created significant price action. These blocks, created at pivot highs and lows with increased volatility, act as potential support and resistance levels. The idea is that even after price breaks through these blocks, the remaining shadow boxes continue to influence price movements. By focusing on volatility-driven pivot points, traders can better anticipate how price may react when it revisits these areas. The indicator also captures the natural tendency for price to retest broken resistance or support levels. 🔵 KEY FEATURES & USAGE ◉ High Volatility Breaker Blocks: The indicator identifies areas of high volatility at pivot highs and lows, plotting blocks that represent these zones. Green blocks represent support zones (identified at pivot lows), while blue blocks represent resistance zones (identified at pivot highs). Support: Resistance: ◉ Shadow Blocks after Breakouts: When price breaks through a block, the block doesn't disappear. Instead, it leaves behind a shadow box, which can still influence future price action. These shadow blocks act as secondary support or resistance levels. If the price crosses these shadow blocks, the block stops extending, and the right edge of the box is fixed at the point where the price crosses it. This feature helps traders monitor important price levels even after the initial breakout has occurred. ◉ Triangle Labels for Breakouts: After the price breaks through a volatility block, the indicator prints triangle labels (up or down) at the breakout points. ◉ Support and Resistance Retests: One of the key concepts in this indicator is the retesting of broken blocks. After breaking a resistance block, price often returns to the shadow box, which then acts as support. Similarly, after breaking a support block, price tends to return to the shadow box, which becomes a resistance level. This concept of price retesting and bouncing off these levels is essential for understanding how the indicator can be used to identify potential entries and exits. The natural tendency of price to retest broken resistance or support levels. Additionaly indicator can display retest signals of broken support or resistance ◉ Customizable Sensitivity: The sensitivity of volatility detection can be adjusted in the settings. A higher sensitivity captures fewer but more significant breakouts, while a lower sensitivity captures more frequent volatility breakouts. This flexibility allows traders to adapt the indicator to different trading styles and market conditions. 🔵 CUSTOMIZATION Calculation Window: Defines the window of bars over which the breaker blocks are calculated. A larger window will capture longer-term levels, while a smaller window focuses on more recent volatility areas. Volatility Sensitivity: Adjusts the threshold for volatility detection. Lower sensitivity captures smaller breakouts, while higher sensitivity focuses on larger, more significant moves. Retest Signals: Display or hide retest signals of shadow boxes
Pine Script® indicator
by BigBeluga
6
Balance Price Range (BPR) IndicatorOverview The BPR with Directional Momentum-Filtered Breakouts indicator is designed to identify Balanced Price Ranges (BPR) and d etect high-probability breakouts and breakdowns with directional momentum confirmation . By leveraging historical BPR structures, EMA-based momentum filtering , and a trade cooldown mechanism , this script provides a structured approach to identifying potential trading opportunities while reducing false signals. This invite-only indicator is ideal for traders who seek precise breakout confirmation, reduced noise, and trend-following logic while maintaining flexibility through adjustable parameters. How It Works The script follows a multi-step breakout detection process by integrating multiple key technical components: 1. Balanced Price Range (BPR) Detection: • A Balanced Candle is identified when the price remains within a specific percentage of its range midpoint. • These BPR zones represent areas of equilibrium , where a breakout or breakdown is likely to occur. • The script historically tracks BPR levels across the entire chart to monitor price action around key areas. 2. Momentum-Filtered Breakout & Breakdown Logic: • Bullish Breakout: Occurs when the price breaks above the historical BPR high with bullish momentum. • Bearish Breakdown: Occurs when the price breaks below the historical BPR low with bearish momentum. • Momentum Confirmation: Each breakout requires a strong directional move, measured against the Exponential Moving Average (EMA) . • Only confirmed breakouts are marked, reducing the likelihood of false signals in choppy markets. 3. Candle-Based Background Visualization: • Grey Background: Represents a Balanced Price Range (BPR), indicating potential breakout zones. • Green Background: Indicates a Bullish Breakout when the price successfully breaks and holds above the BPR high. • Red Background: Indicates a Bearish Breakdown when the price drops below the BPR low. 4. Trade Cooldown Mechanism: • Prevents consecutive signals from triggering too frequently. • Default cooldown period: 5 bars (adjustable). • Ensures that trades are not clustered, improving signal quality. 5. EMA for Trend Direction & Confirmation: • A 20-period EMA (default, adjustable) is used to confirm trade direction. • Breakouts above the EMA align with uptrend continuation. • Breakdowns below the EMA align with downtrend momentum. Key Features ✔️ Historical BPR Detection – Tracks past BPR levels across the entire chart for structured breakout zones. ✔️ Momentum-Based Breakouts – Ensures breakouts are confirmed by directional price movement before generating signals. ✔️ Candle-Based Background Logic – Subtle candle highlights rather than full background fills, for better chart clarity. ✔️ Trade Cooldown Period – Prevents consecutive buy/sell signals within a defined period, improving signal efficiency. ✔️ Dynamic EMA Confirmation – Ensures trades align with the overall trend, reducing counter-trend trades. ✔️ Customizable Inputs – Adjust breakout thresholds, EMA length, and cooldown periods as per trading style. ✔️ Works Across Multiple Timeframes – Can be applied to intraday, swing, and positional trading strategies. How to Use 1. Look for Balanced Price Ranges ( BPR ) • These zones highlight equilibrium areas where price is likely to break out. • Grey-shaded candles indicate potential breakout zones. 2. Monitor for Bullish or Bearish Breakouts • A green candle background signals a bullish breakout above BPR. • A red candle background signals a bearish breakdown below BPR. • The EMA filter helps confirm whether the breakout aligns with the prevailing trend. 3. Follow the Cooldown Logic • After a breakout signal, wait for the cooldown period before another trade is allowed. • This helps filter out noisy price action and prevents excessive trading. 4. Use Alongside Other Indicators • Works well with volume analysis, support/resistance levels, and price action strategies. • Can be combined with other momentum indicators for further trade confirmation. Why This Combination? Unlike generic breakout indicators, this script uniquely combines: • BPR historical structures for defining potential breakout zones. • Momentum-based breakout filtering using EMA confirmation. • Trade cooldown logic to avoid excessive trading signals. • Subtle candle-based highlights instead of cluttered full-background fills. This structured approach makes the indicator more robust, adaptive, and reliable in different market conditions. Why It’s Worth Using? 🔹 Avoid False Breakouts: Built-in momentum confirmation prevents weak or fake breakouts. 🔹 Clean Visualization: No excessive overlays—just precise, meaningful background coloring for breakouts. 🔹 Works in Any Market: Use on stocks, crypto, forex, indices, and commodities across different timeframes. 🔹 User-Friendly & Customizable: Fine-tune parameters to match individual trading styles. ⚠️ Note: This is an Invite-Only script. Access is granted to selected users. ✅ If you find it useful, consider incorporating it into your trend-following & breakout trading strategies. 🚀 Optimize your trading with structured breakout detection! 🚀
Pine Script® indicator
by TradeTechanalysis
RSI Volatility Suppression Zones [BigBeluga]RSI Volatility Suppression Zones is an advanced indicator that identifies periods of suppressed RSI volatility and visualizes these suppression zones on the main chart. It also highlights breakout dynamics, giving traders actionable insights into potential market momentum. 🔵 Key Features: Detection of Suppression Zones: Identifies periods where RSI volatility is suppressed and marks these zones on the main price chart. Breakout Visualization: When the price breaks above the suppression zone, the box turns aqua, and an upward label is drawn to indicate a bullish breakout. If the price breaks below the zone, the box turns purple, and a downward label is drawn for a bearish breakout. Breakouts accompanied by a "+" label represent strong moves caused by short-lived, tight zones, signaling significant momentum. Wave Labels for Consolidation: If the suppression zone remains unbroken, a "wave" label is displayed within the gray box, signifying continued price stability within the range. Gradient Intensity Below RSI: A gradient strip below the RSI line increases in intensity based on the duration of the suppressed RSI volatility period. This visual aid helps traders gauge how extended the low volatility phase is. 🔵 Usage: Identify Breakouts: Use color-coded boxes and labels to detect breakouts and their direction, confirming potential trend continuation or reversals. Evaluate Market Momentum: Leverage "+" labels for strong breakout signals caused by short suppression phases, indicating significant market moves. Monitor Price Consolidation: Observe gray boxes and wave labels to understand ongoing consolidation phases. Analyze RSI Behavior: Utilize the gradient strip to measure the longevity of suppressed volatility phases and anticipate breakout potential. RSI Volatility Suppression Zones provides a powerful visual representation of RSI volatility suppression, breakout signals, and price consolidation, making it a must-have tool for traders seeking to anticipate market movements effectively.
Pine Script® indicator
by BigBeluga
37
Rsi TrendLines with Breakouts [KoTa]### RSI TrendLines with Breakouts Indicator: Detailed User Guide The "RSI TrendLines with Breakouts " indicator is a custom Pine Script tool designed for TradingView. It builds on the standard Relative Strength Index (RSI) by adding dynamic trendlines based on RSI pivots (highs and lows) across multiple user-defined periods. These trendlines act as support and resistance levels on the RSI chart, and the indicator detects breakouts when the RSI crosses these lines, generating potential buy (long) or sell (short) signals. It also includes overbought/oversold thresholds and optional breakout labels. Below, I'll provide a detailed explanation in English, covering how to use it, its purpose, advantages and disadvantages, example strategies, and ways to enhance strategies with other indicators. How to Use the Indicator - The indicator uses `max_lines_count=500` to handle a large number of lines without performance issues, but on very long charts, you may need to zoom in for clarity. 1. **Customizing Settings**: The indicator has several input groups for flexibility. Access them via the gear icon next to the indicator's name on the chart. - **RSI Settings**: - RSI Length: Default 14. This is the period for calculating the RSI. Shorter lengths (e.g., 7-10) make it more sensitive to recent price changes; longer (e.g., 20+) smooth it out for trends. - RSI Source: Default is close price. You can change to open, high, low, or other sources like volume-weighted for different assets. - Overbought Level: Default 70. RSI above this suggests potential overbuying. - Oversold Level: Default 30. RSI below this suggests potential overselling. - **Trend Periods**: - You can enable/disable up to 5 periods (defaults: Period 1=3, Period 2=5, Period 3=10, Period 4=20, Period 5=50). Only enabled periods will draw trendlines. - Each period detects pivots (highs/lows) in RSI using `ta.pivothigh` and `ta.pivotlow`. Shorter periods (e.g., 3-10) capture short-term trends; longer ones (20-50) show medium-to-long-term momentum. - Inline checkboxes allow you to toggle display for each (e.g., display_p3=true by default). - **Color Settings**: - Resistance/Support Color: Defaults to red for resistance (up-trendlines from RSI highs) and green for support (down-trendlines from RSI lows). - Labels for breakouts use green for "B" (buy/long) and red for "S" (sell/short). - **Breakout Settings**: - Show Prev. Breakouts: If true, displays previous breakout labels (up to "Max Prev. Breakouts Label" +1, default 2+1=3). - Show Breakouts: Separate toggles for each period (e.g., show_breakouts3). When enabled, dotted extension lines project the trendline forward, and crossovers/crossunders trigger labels like "B3" (breakout above resistance for Period 3) or "S3" (break below support). - Note: Divergence detection is commented out in the code. If you want to enable it, uncomment the relevant sections (e.g., show_divergence input) and adjust the lookback (default 5 bars) for spotting bullish/bearish divergences between price and RSI. 2. **Interpreting the Visuals**: - **RSI Plot**: A blue line showing the RSI value (0-100). Horizontal dashed lines at 70 (red, overbought), 30 (green, oversold), and 50 (gray, midline). - **Trendlines**: Solid lines connecting recent RSI pivots. Green lines (support) connect lows; red lines (resistance) connect highs. Only the most recent line per direction is shown per period to avoid clutter. - **Breakout Projections**: Dotted lines extend the current trendline forward. When RSI crosses above a red dotted resistance, a "B" label (e.g., "B1") appears above, indicating a potential bullish breakout. Crossing below a green dotted support shows an "S" label below, indicating bearish. - **Labels**: Current breakouts are bright (green/red); previous ones fade to gray. Use these as signal alerts. - **Alerts**: The code includes commented-out alert conditions (e.g., for breakouts or RSI crossing levels). Uncomment and set them up in TradingView's alert menu for notifications. 3. **Best Practices**: - Use on RSI-compatible timeframes (e.g., 1H, 4H, daily) for stocks, forex, or crypto. - Combine with price chart: Trendlines are on RSI, so check if RSI breakouts align with price action (e.g., breaking a price resistance). - Test on historical data: Backtest signals using TradingView's replay feature. - Avoid over-customization initially—start with defaults (Periods 3 and 5 enabled) to understand behavior. What It Is Used For This indicator is primarily used for **momentum-based trend analysis and breakout trading on the RSI oscillator**. Traditional RSI identifies overbought/oversold conditions, but this enhances it by drawing dynamic trendlines on RSI itself, treating RSI as a "price-like" chart for trend detection. - **Key Purposes**: - **Identifying Momentum Trends**: RSI trendlines show if momentum is strengthening (upward-sloping support) or weakening (downward-sloping resistance), even if price is ranging. - **Spotting Breakouts**: Detects when RSI breaks its own support/resistance, signaling potential price reversals or continuations. For example, an RSI breakout above resistance in an oversold zone might indicate a bullish price reversal. - **Multi-Period Analysis**: By using multiple pivot periods, it acts like a multi-timeframe tool within RSI, helping confirm short-term signals with longer-term trends. - **Signal Generation**: Breakout labels provide entry/exit points, especially in trending markets. It's useful for swing trading, scalping, or confirming trends in larger strategies. - **Divergence (Optional)**: If enabled, it highlights mismatches between price highs/lows and RSI, which can predict reversals (e.g., bullish divergence: price lower low, RSI higher low). Overall, it's ideal for traders who rely on oscillators but want more visual structure, like trendline traders applying price concepts to RSI. Advantages and Disadvantages **Advantages**: - **Visual Clarity**: Trendlines make RSI easier to interpret than raw numbers, helping spot support/resistance in momentum without manual drawing. - **Multi-Period Flexibility**: Multiple periods allow analyzing short- and long-term momentum simultaneously, reducing noise from single-period RSI. - **Breakout Signals**: Automated detection of breakouts provides timely alerts, with labels and projections for proactive trading. This can improve entry timing in volatile markets. - **Customization**: Extensive inputs (periods, colors, breakouts) make it adaptable to different assets/timeframes. The stateful management of lines/labels prevents chart clutter. - **Complementary to Price Action**: Enhances standard RSI by adding trend context, useful for confirming divergences or overbought/oversold trades. - **Efficiency**: Uses efficient arrays and line management, supporting up to 500 lines for long charts without lagging TradingView. **Disadvantages**: - **Lagging Nature**: Based on historical pivots, signals may lag in fast-moving markets, leading to late entries. Shorter periods help but increase whipsaws. - **False Signals**: In ranging or sideways markets, RSI trendlines can produce frequent false breakouts. It performs better in trending conditions but may underperform without filters. - **Over-Reliance on RSI**: Ignores volume, fundamentals, or price structure—breakouts might not translate to price moves if momentum decouples from price. - **Complexity for Beginners**: Multiple periods and settings can overwhelm new users; misconfiguration (e.g., too many periods) leads to noisy charts. - **No Built-in Risk Management**: Signals lack stop-loss/take-profit logic; users must add these manually. - **Divergence Limitations**: The basic (commented) divergence detection is simplistic and may miss hidden divergences or require tuning. In summary, it's powerful for momentum traders but should be used with confirmation tools to mitigate false positives. Example Strategies Here are one LONG (buy) and one SHORT (sell) strategy example using the indicator. These are basic; always backtest and use risk management (e.g., 1-2% risk per trade, stop-loss at recent lows/highs). **LONG Strategy Example: Oversold RSI Support Breakout** - **Setup**: Use on a daily chart for stocks or crypto. Enable Periods 3 and 5 (short- and medium-term). Set oversold level to 30. - **Entry**: Wait for RSI to be in oversold (<30). Look for a "B" breakout label (e.g., "B3" or "B5") when RSI crosses above a red resistance trendline projection. Confirm with price forming a higher low or candlestick reversal (e.g., hammer). - **Stop-Loss**: Place below the recent price low or the RSI support level equivalent in price terms (e.g., 5-10% below entry). - **Take-Profit**: Target RSI reaching overbought (70) or a 2:1 risk-reward ratio. Exit on a bearish RSI crossunder midline (50). - **Example Scenario**: In a downtrending stock, RSI hits 25 and forms a support trendline. On a "B5" breakout, enter long. This captures momentum reversals after overselling. - **Rationale**: Breakout above RSI resistance in oversold signals fading selling pressure, potential for price uptrend. **SHORT Strategy Example: Overbought RSI Resistance Breakout** - **Setup**: Use on a 4H chart for forex pairs. Enable Periods 10 and 20. Set overbought level to 70. - **Entry**: Wait for RSI in overbought (>70). Enter on an "S" breakout label (e.g., "S3" or "S4") when RSI crosses below a green support trendline projection. Confirm with price showing a lower high or bearish candlestick (e.g., shooting star). - **Stop-Loss**: Above the recent price high or RSI resistance level (e.g., 5-10% above entry). - **Take-Profit**: Target RSI hitting oversold (30) or a 2:1 risk-reward. Exit on bullish RSI crossover midline (50). - **Example Scenario**: In an uptrending pair, RSI peaks at 75 with a resistance trendline. On "S4" breakout, enter short. This targets momentum exhaustion after overbuying. - **Rationale**: Break below RSI support in overbought indicates weakening buying momentum, likely price downturn. Enhancing Strategy Validity with Other Indicators To increase the reliability of strategies based on this indicator, combine it with complementary tools for confirmation, filtering false signals, and adding context. This creates multi-indicator strategies that reduce whipsaws and improve win rates. Focus on indicators that address RSI's weaknesses (e.g., lagging, momentum-only). Below are examples of different indicators, how to integrate them, and sample strategies. 1. **Moving Averages (e.g., SMA/EMA)**: - **How to Use**: Overlay 50/200-period EMAs on the price chart. Use RSI breakouts only in the direction of the trend (e.g., long only if price > 200 EMA). - **Strategy Example**: Trend-Following Long – Enter on "B" RSI breakout if price is above 200 EMA and RSI > 50. This filters reversals in uptrends. Add MACD crossover for entry timing. Advantage: Aligns momentum with price trend, reducing counter-trend trades. 2. **Volume Indicators (e.g., Volume Oscillator or OBV)**: - **How to Use**: Require increasing volume on RSI breakouts (e.g., OBV making higher highs on bullish breakouts). - **Strategy Example**: Volume-Confirmed Short – On "S" breakout, check if volume is rising and OBV breaks its own trendline downward. Enter short only if confirmed. This validates breakouts with real market participation, avoiding low-volume traps. 3. **Other Oscillators (e.g., MACD or Stochastic)**: - **How to Use**: Use for divergence confirmation or overbought/oversold alignment. For instance, require Stochastic (14,3,3) to also breakout from its levels. - **Strategy Example**: Dual-Oscillator Reversal Long – Enable divergence in the indicator. Enter on bullish RSI divergence + "B" breakout if MACD histogram flips positive. Exit on MACD bearish crossover. This strengthens reversal signals by cross-verifying momentum. 4. **Price Action Tools (e.g., Support/Resistance or Candlestick Patterns)**: - **How to Use**: Map RSI trendlines to price levels (e.g., if RSI resistance breaks, check if price breaks a key resistance). - **Strategy Example**: Price-Aligned Breakout Short – On "S" RSI breakout in overbought, confirm with price breaking below a drawn support line or forming a bearish engulfing candle. Use Fibonacci retracements for targets. This ensures momentum translates to price movement. 5. **Volatility Indicators (e.g., Bollinger Bands or ATR)**: - **How to Use**: Avoid trades during low volatility (e.g., Bollinger Band squeeze) to filter ranging markets. Use ATR for dynamic stops. - **Strategy Example**: Volatility-Filtered Long – Enter "B" breakout only if Bollinger Bands are expanding (increasing volatility) and RSI is oversold. Set stop-loss at 1.5x ATR below entry. This targets high-momentum breakouts while skipping choppy periods. **General Tips for Building Enhanced Strategies**: - **Layering**: Start with RSI breakout as the primary signal, add 1-2 confirmations (e.g., EMA trend + volume). - **Backtesting**: Use TradingView's strategy tester to quantify win rates with/without additions. - **Risk Filters**: Incorporate overall market sentiment (e.g., via VIX) or avoid trading near news events. - **Timeframe Alignment**: Use higher timeframes for trend (e.g., daily EMA) and lower for entries (e.g., 1H RSI breakout). - **Avoid Overloading**: Too many indicators cause paralysis; aim for synergy (e.g., trend + momentum + volume). This indicator is a versatile tool, but success depends on context and discipline. If you need code modifications or specific backtests, provide more details!
Pine Script® indicator
by kointakipnet
1
Heads UpAn indicator that gives you the "heads up" that that bullish/ bearish strength is increasing. I wanted an indicator that could give me the "heads up" that bullish/ bearish strength is increasing. This would help me get into a breakout early or avoid entering a breakout that had a high probability of failure. Here are my definitions for this indicator: My bull bar definition: - A green candle that closes above 75% of it's candle range. - The candle's body does not overlap the previous candle's body. Tails/ wicks CAN overlap. My bear bar definition: - A red candle that closes below 75% of it's candle range. - the candle's body does not overlap the previous candle's body. Tails/ ticks CAN overlap. Bullish strength increasing (arrow up): - Bull bars are increasing in size (the candle's range) compared to previous 5 bars. - 2 consecutive bull bars. Bearish strength increasing (arrow down): - Bear bars are increasing in size (the candle's range) compared to previous 5 bars. - 2 consecutive bear bars. You will not see this indicator trigger very often but when it does - it's because there is a change in bullish bearish strength. Things to be aware of: Use the indicator in line with the context of the previous trend. You will get triggers that fail. These are usually because they appear counter trend. When in doubt zoom out. It will not call every successful breakout. If you understand the definitions you'll understand why it appears. This is my first indicator and used for my personal use. Feedback and other ideas are welcome.
Pine Script® indicator
by BenjaminSamElliott
2
Heiken Ashi Algo Premium KillZoneTraders face daily challenges in navigating the fast-paced market, from waiting for higher timeframe data to delayed confirmation signals. This innovative system changes everything, offering tools that have never before been available in the trading community. With groundbreaking features like KillZones High Timeframe RSI (HTF RSI) and True Midline this system is seeks to solve major problems that hurt traders every day. KillZones give traders an edge by pinpointing critical price levels where momentum and liquidity shift. The Custom High Timeframe RSI brings real-time higher timeframe trend confirmation directly to your chart, eliminating the need to wait for candles to close. A totally new way to calculate HTF RSI without waiting for higher time candles to close. The True Midline adjusts dynamically, showing exactly when the market is in equilibrium or transitioning between bullish and bearish momentum. Custom Heiken-Ashi Oscillator Candles: It uses customized Heiken Ashi candle calculations that allow it present trends more accurately while the candles are limited to an oscillator as opposed to price values. Candle up or candle down doesnt always mean long or short. Ive included a setting called "Secret Sauce Colors" to alter the colors of the Heiken Ashi candles so they will be colored to the actual trend taking place instead of just bullish or bearish closing. The Liquidity Ribbon: This indicator contains a built in customized version of a Stochastic Oscillator called "The Liquidity Ribbon" which shows you when liquidity of either side is entering and existing the market. It uses calculations of market and volume pressure to give you a visual representation of who is trying to alter asset pricing. This is NOT the stochastic RSI but I've given you guys an visual approach of something that looks similar. The ribbon has bullish and bearish sides that flip over eachother. As one grows, the other shrinks so yo u can see in real time the flow of money from either side and whos winning. Bullish and Bearish Premium and Discount Zones What Are They? Bullish and Bearish Premium and Discount Zones are visualized on the indicator as distinct colored sections within the oscillator, providing a quick snapshot of market conditions: Bearish Premium Zone: Indicates areas of overextension in bearish momentum, often associated with ranging markets. Bearish Discount Zone: Highlights opportunities where bearish trends are gaining strength and momentum is trending. Bullish Discount Zone: Marks areas in bullish conditions where the market is consolidating or ranging. Bullish Premium Zone: Identifies zones where bullish momentum is strong and trends are more pronounced. How to Use Them? For long trades, consider the following: Scalping Opportunities: When the market is trending higher and Heiken-Ashi candles are closing above the high-timeframe RSI, short-term long scalps can be executed in the Discount Bullish Zone, where consolidation occurs. Trending Trades: Larger, more sustained long trades can be taken when price moves into the Premium Bullish Zone, signaling stronger upward momentum. Breakout Trading: When price crosses into a trending zone and simultaneously breaks through previous price resistance or support, this confluence solidifies entries for breakout trades across previous highs or lows, providing a higher probability for successful trades. This structured use of Premium and Discount Zones gives traders a clear edge, offering insights into both market range and trend strength. True Midline What Is It? The True Midline represents the dynamic equilibrium between buyers and sellers, adapting to real-time market activity. Unlike fixed midlines in traditional oscillators, it adjusts based on where buyers and sellers enter and exit the market. How Does It Work? The midline accounts for four key activities: buyer entry, buyer exit, seller entry, and seller exit. This holistic approach highlights shifts in momentum and periods of reduced activity, such as when both buyers and sellers exit simultaneously, creating larger ranging zones. How to Use It? Consolidation Zones: Narrow midline ranges signal market indecision, often preceding breakouts. Momentum Shifts: Crossing above or below the midline indicates transitions into bullish or bearish conditions. Ranging Markets: Identifies reduced interest during simultaneous buyer and seller exits, helping avoid false signals. The True Midline offers a clearer picture of market balance, helping traders navigate trends and consolidations with confidence. Dynamic Trending Zones: What Are They? Dynamic Trending Zones represent areas of high volatility and breakout potential, reflecting shifts in market momentum and participation. These zones are self-adjusting and directly influence the midline's position. There are two zones: Bullish Trending Zone: Signals increased buyer momentum. Bearish Trending Zone: Signals increased seller momentum. How Are They Calculated? The zones are derived using a combination of volume pressure and momentum changes, but these changes need to be sufficient to have moved price over time: The indicator tracks sudden shifts in momentum relative to volume changes to identify critical thresholds for breakouts. A "need-to-cross" point is established in each zone, acting as a breakout trigger. If opposing or additional volume and momentum are insufficient, the zone remains unchanged until market conditions shift. This ensures the zones dynamically adapt to real-time market activity while maintaining accuracy during periods of indecision or consolidation. How to Use Them? Bullish Breakouts: Crossing into the bullish zone and breaking a previous resistance signals strong buyer momentum. Check for contraction in the bearish zone to confirm dominance. Bearish Breakouts: Similarly, crossing into the bearish zone while breaking a support level confirms seller strength. Momentum Confirmation: Ensure current momentum is leading the high-timeframe RSI for more reliable trade setups. Zone Analysis : Expansion of a zone signals increased participation (e.g., more buyers or sellers entering), while contraction indicates reduced activity or that buyers and or sellers are closing their positions. These zones provide actionable insights into breakout potential and market momentum, helping traders make informed decisions in volatile conditions. High Timeframe RSI (HTF RSI) What Is It? The High Timeframe RSI gives you real-time higher timeframe RSI values directly on your lower timeframe chart. This means you don’t have to wait for the higher timeframe candle to close before seeing the RSI updates—it’s always live. Why Is It Needed? Normally, to see the RSI on a higher timeframe, you have to wait for that timeframe to close. This can be slow and lead to missed opportunities. The HTF RSI solves this by showing you the higher timeframe RSI values as soon as each lower timeframe candle closes, giving you faster insights and no delays. How It works? Rather than just using the standard RSI, the HTF RSI compares the momentum on your current timeframe with what it would be on the higher timeframe. It takes into account how many candles on your current chart fit into each higher timeframe candle. This makes sure that the higher timeframe RSI is accurate and reflects the real momentum, even when switching between timeframes. How to Use It? Trend Confirmation: When the HTF RSI is above the midline, it shows a bullish trend on the higher timeframe, and if your current momentum is also bullish, it strengthens your trade setup. When the HTF RSI is below the midline, it shows a bearish trend, and if your current momentum is bearish, it supports short trade setups. If bearish momentum is above the HTF RSI, it suggests a local downtrend within a larger bullish trend. Major Benefits Custom Timeframes: You can use any higher timeframe you choose, not just the typical ones. Real-Time Updates: Get higher timeframe RSI values with each candle, without delays. Better Trading Insights: Align your trades with both lower and higher timeframe trends to make more informed decisions. With HTF RSI, you get a clear view of higher timeframe trends in real time, so you can act faster and smarter on your trades.
Pine Script® indicator
by CoffeeshopCrypto
191