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Custom Multiple SMAs

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The Custom Breakout Indicator provides visual guidance for identifying entry and exit signals within the BreakoutCatcher strategy. It consists of a fan of multiple Simple Moving Averages (SMAs) that make current market conditions visually accessible:

  • Flat, tightly clustered fan → Market is consolidating
  • First candle closing outside the fan → Potential entry signal (breakout)
  • Wide, rapidly expanding fan → Market is overheated, avoid entries


Additionally, the indicator displays a yellow trendline (EMA 100) as an overarching trend filter:

  • Price above EMA 100 → Consider only long signals
  • Price below EMA 100 → Consider only short signals


🔗 Part of the BreakoutCatcher strategy – available at: twn-trading.com
✔️ Fully functional on all timeframes

Penafian

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