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📊 Breakout & Retest Multi-Timeframe Indicator - Support and Resistance Indicator 📊
In short, this indicator scans 4 timeframes of your choice to check if a proper breakout of your support and resistance lines you input has happened. It color-coats your support and resistance levels based on the type of breakout, labels the levels, and shows which timeframes have had a proper breakout in an interactive table. This tool is primarily used to determine when a breakout—whether Fair Value Gap (FVG), gap, or regular—has occurred, allowing you to confidently play the retest.
🔍 Types of Breakouts:
This indicator highlights three types of breakouts:
📋 Interactive Table
The table helps you visualize which levels are experiencing a breakout and on which timeframes. It color-codes each level based on breakout activity:
🔴 Red: No active breakouts
🟢 Green: Active regular breakout
🔵 Blue: Active FVG breakout
🟡 Yellow: Active gap breakout
🎨 Color Coating & Minimum Timeframe Breakouts
🔧 Future Updates (Follow for Updates):
🚨 Alerts: Set alerts for breakouts and retests.
⚙️ Improved Error Handling: For a smoother experience.
In short, this indicator scans 4 timeframes of your choice to check if a proper breakout of your support and resistance lines you input has happened. It color-coats your support and resistance levels based on the type of breakout, labels the levels, and shows which timeframes have had a proper breakout in an interactive table. This tool is primarily used to determine when a breakout—whether Fair Value Gap (FVG), gap, or regular—has occurred, allowing you to confidently play the retest.
🔍 Types of Breakouts:
This indicator highlights three types of breakouts:
- Regular Breakouts: Defined when a candle breaks above or below your level, then closes, and the next candle’s wick does not touch that level.
- Gap Breakouts: A gap breakout occurs when we gap above or below the level—often happening on daily candle opens and closes.
- FVG Breakouts: An FVG breakout happens when a breakout above or below your level forms a Fair Value Gap, with your level inside the gap. These breakouts tend to have stronger retests
📋 Interactive Table
The table helps you visualize which levels are experiencing a breakout and on which timeframes. It color-codes each level based on breakout activity:
🔴 Red: No active breakouts
🟢 Green: Active regular breakout
🔵 Blue: Active FVG breakout
🟡 Yellow: Active gap breakout
🎨 Color Coating & Minimum Timeframe Breakouts
- To make sure you're playing a true breakout, you want confirmation on at least 3 of your chosen timeframes. This indicator has an adjustable "active minimum breakout" setting, which can be customized between 1 and 4 timeframes. I personally find that when a breakout occurs on at least 3 timeframes, the retest tends to have a higher success rate. But you can adjust this setting based on your strategy.
🔧 Future Updates (Follow for Updates):
🚨 Alerts: Set alerts for breakouts and retests.
⚙️ Improved Error Handling: For a smoother experience.
Nota Keluaran
Quick update - Bugs fixed Nota Keluaran
Bugs fixed again - :)Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.