Crossover Breakout Scanner

The Crossover Breakout Scanner is an advanced multi-symbol indicator designed to scan up to 40 tickers simultaneously and alert traders when a combination of technical conditions align to signal bullish or bearish breakouts.

This tool is perfect for swing traders, day traders, and breakout traders who want to monitor multiple stocks or crypto assets from one centralized table.

🔍 What It Does
The scanner uses a multi-confirmation model, combining signals from:

MACD crossovers

Stochastic crossovers

RSI overbought/oversold levels

EMA crossovers

When a minimum number of selected conditions align, the scanner flags a bullish or bearish pattern for that ticker.

You’ll see results displayed live in a visual table format, organized by direction:

✅ Crossover Bullish (Green)

❌ Crossover Bearish (Red)

🛠 Indicator Settings Explained
🔗 Conditions (under “Conditions” group)
Minimum Number of Conditions: Choose how many signals must align to confirm a setup (1–4). The more you require, the stronger the confirmation.

⚙️ MACD Settings (under “MACD” group)
Fast Length, Slow Length, Signal Length: Control MACD calculation.

Buy Signal: MACD line crosses above the signal line

Sell Signal: MACD crosses below the signal line

⚙️ Stochastic Settings (under “Stochastic” group)
%K Length, %D Length: Determines smoothing and sensitivity

Buy Signal: %K crosses above %D

Sell Signal: %K crosses below %D

⚙️ RSI Settings (under “RSI” group)
Length: Period used to calculate RSI

Overbought/Oversold Levels: Thresholds to detect reversal signals

Buy Signal: RSI drops below oversold (e.g., 30)

Sell Signal: RSI rises above overbought (e.g., 70)

⚙️ EMA Settings (under “EMA” group)
Condition Type: Choose one of:

Fast EMA crosses Slow EMA

Close crosses Fast EMA

Close crosses Slow EMA

Fast EMA Length & Source

Slow EMA Length & Source

Show EMA Lines?: Optionally display the EMA lines on your chart

These control how the crossover conditions are evaluated.

📈 Symbol Inputs (up to 40 tickers)
You can enter up to 40 different symbols to scan in one indicator instance. Each symbol is scanned for crossover alignment and real-time breakout conditions.

💡 Want more than 40 symbols?
Just add the indicator again to your chart and input a different set of tickers. Each instance works independently.

📋 Table Display (under “Table” group)
Show Exchange of Ticker?: Toggle between showing full ticker (e.g. NASDAQ:AAPL) vs. just AAPL

Wait for Bar Close: Ensures confirmation happens on candle close

Table Position: Choose where the table appears on the chart

Table Background Color: Customize for visual preference

🎨 Color Settings
Crossover Bullish: Choose the background color of bullish tickers in the table

Crossover Bearish: Choose color for bearish tickers

🧠 Trade Info (under “Trade Information”)
Show Long/Short Conditions: Plots little icons on chart for visual cue

Show Legends?: Display a legend box explaining each symbol/color

Highlight Breakouts?: Changes chart background when conditions trigger

🔔 Alerts
If any ticker meets the minimum number of bullish or bearish conditions, an alert is triggered listing all qualifying symbols.

Alerts will only fire once per bar or once per bar close (based on user settings).

💡 Example Use Case
You enter 40 top stocks in your watchlist. You set min_conditions = 3. The scanner runs in the background and alerts you in real-time when:

MACD crosses up

Stochastic gives a bullish signal

Price breaks above the 50 EMA

MSFT and TSLA are now in the bullish column, and you're instantly notified. You can then zoom into those charts for entries or alerts.

🧾 Key Notes
Works on any timeframe (1m to 1D or higher)

Great for breakout strategies or trend-following systems

Add multiple versions of the scanner if you're monitoring sectors or crypto

⚠️ Disclaimer
Charts Algo provides scanning tools and technical indicators for informational and educational purposes only. These signals are not financial advice, and past performance is not indicative of future results. Always use proper risk management and confirm with your own strategy before trading.