Breakout Detection using EMAs and Mansfield Relative StrengthThis script identifies breakout opportunities based on a combination of price action, volume, and relative strength. It is designed for daily timeframe charts and helps traders pinpoint strong bullish setups with the following criteria:
Price Action: Stock price is above both the 10-day EMA and 5-week EMA.
EMA Trends: The 10-day EMA is above the 20-day EMA, and the 5-week EMA is above the 10-week EMA, confirming bullish momentum.
Customizable Parameters: Customize the index for the Mansfield Relative Strength, the volume multiplier, and the price breakout look-back period.
Price Breakout: The price is at a 3-month high, indicating strength.
Volume Breakout: A volume spike occurs, surpassing the 20-day average volume by a user-defined multiplier.
Features:
Generates clear breakout signals with a green triangle below the bar.
Integrated Mansfield Relative Strength for relative performance analysis.
Alerts for when all conditions are met, ensuring you never miss an opportunity.
How to Use:
Add this script to a daily chart of your chosen stock.
Look for green triangle signals indicating a potential breakout.
Adjust the parameters to suit your trading strategy and preferred index for the Mansfield Relative Strength.
This tool is ideal for swing traders looking to combine technical analysis with relative strength metrics for high-conviction bullish setups.
Cari dalam skrip untuk "break"
Deemer Breakaway Momentum ThrustBreakaway momentum is a "breadth thrust" coined by Walter Deemer in the 1970s that occurs when the ten-day total advances on the NYSE are greater than 1.97 times the ten-day total NYSE declines.
This indicator calculates the ratio and plots it as a histogram. The 1.97 threshold is also plotted as a horizontal line. Anytime the histogram gets above the line Breakaway Momentum has occurred.
This is a rare signal that has only happened 25 times since 1945.
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
Break of Structure & Change of CharacterThis Break of Structure & Change of Character indicator is a fully customizable Pine Script v6 tool designed to help you spot key market structure shifts on any timeframe (optimized by default for 5‑minute charts). Here’s what it does and how to tailor it:
What It Detects
Swing Pivots
Finds local swing highs and lows over a configurable lookback (Pivot Lookback).
Break of Structure (BOS)
Marks when price closes beyond the last swing high (bullish BOS) or below the last swing low (bearish BOS), using an ATR‑based buffer to filter out minor moves.
Change of Character (CHoCH)
After a BOS, watches for price to reverse back through that level (e.g. a drop below the higher‑low after a bullish BOS), signaling a potential shift in momentum.
Key Inputs & Features
Pivot Lookback (pivotLen): How many bars to look back for pivots (default 8 for a 5‑min chart).
Fast Mode: When enabled, halves both the pivot lookback and ATR threshold for quicker—but noisier—signals.
ATR Threshold (atrLen & atrMult): Uses ATR(atrLen) × atrMult to require a minimum follow‑through beyond the pivot for a valid BOS/CHoCH.
Show Labels / Show Pivot Labels: Toggle on/off all structure labels or just pivot “x” markers.
Appearance Customization
Colors: Choose separate colors for pivot highs/lows, BOS labels, CHoCH labels, and structure lines.
Line Style: Select “Solid”, “Dotted”, or “Dashed” for your swing‑level lines.
Label Size & Style: Pick “Tiny”, “Small”, or “Normal” text size and choose label orientation (Up/Down/Left/Right) independently for pivots, BOS, and CHoCH.
Pivot Label Text: Change the pivot marker from the default “x” to any character you prefer.
How to Use
Add to Chart: Apply it on a 5‑minute chart (you’ll get a one‑time notice if you’re on another timeframe).
Tweak Inputs: Adjust pivot lookback, ATR multiplier, and toggle Fast Mode to suit your style.
Interpret Signals:
Green “BOS↑” or red “BOS↓” labels mark structure breaks.
Orange “CHoCH↓” or “CHoCH↑” labels flag the reversal through that level.
Dotted (or styled) lines trace the last swing high/low for visual reference.
Breakout mode patterns [yohtza]This indicator detects three kinds of price action patterns:
ii - consecutive inside bars ( high and low inside of the previous bar), triangle on a lower timeframe
oo - consecutive outside bars ( high above the high of the previous bar and the low below the low of the previous bar), expanding triangle on a lower timeframe
ioi - inside outside inside, diamond pattern on a lower timeframe
Traders that trade these patterns are entering on breakouts above/below .When they appear in a trending market, they are good setups for both continuation and reversal swing trades. When they appear in ranging market, they are not nearly as powerful since most breakouts fail in this context. To achieve the highest probability, it is best to trade in the direction of the trend on the last bar in the pattern with a stop loss on the other side and going for a reward that is at least twice the risk.
Breakout Accumulation/DistributionBasic modification of my SFP Momentum Indicator showing accumulation/distribution patterns based on breakouts above previous anchor points.
Candles are colored based on whether accumulation or distribution was last.
Best if used at HTF then confirmed at LTF.
Breakeven rectangle overlay for move contractI'm sharing this little script allowing you to display a breakeven rectangle for the move contract after manually writing your parameters (strike price, contract price). In case you are long your breakeven (at expiration) is when the price expire outside the rectangle. In case you are short your breakeven (again at expiration) is when the price is staying inside the rectangle at expiration. You can change multiple personalisation parameters as you wish.
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.
Breakout Josip strategy is focused on analyzing price movements during specific time intervals (from 9:00 AM to 12:00 PM) each day. It tracks the highest and lowest prices in that period and uses them to set targets for potential trades, placing horizontal lines based on these levels. Additionally, you're interested in tracking the success and failure of trades based on whether price breaks certain levels during this time range. The strategy also calculates various metrics like the percentage of successful trades, failed trades, and total trades during a selected time range.
Break of High/Low with Volume, MACD, and MAsHow It Works:
Sessions:
The London session is defined between 8:00 and 16:00 UTC.
The New York session is defined between 13:00 and 21:00 UTC.
Previous High/Low:
The script identifies the highest high and lowest low from the previous bar using ta.highest(high, 1) and ta.lowest(low, 1) .
Candle Body Size:
The script calculates the size of the current candle's body and checks if it is at least double the size of the previous candle's body.
Volume Check:
A high volume threshold is set as 1.5 times the 50-period SMA of the volume.
MACD Crossover:
The script calculates the MACD and its signal line and checks for bullish (buy) or bearish (sell) crossovers.
Signals:
A long signal (buy) is generated if the price breaks the previous high with a large body candle, high volume, and a bullish MACD crossover during the specified sessions.
A short signal (sell) is generated if the price breaks the previous low with a large body candle, high volume, and a bearish MACD crossover during the specified sessions.
Plotting:
The 50-period and 200-period moving averages, previous high, and previous low are plotted on the chart.
If a long condition is met, a "BUY" label is displayed below the bar. If a short condition is met, a "SELL" label is displayed above the bar.
Alerts:
Alerts are triggered whenever the conditions for a long or short trade are met.
Customization:
Feel free to adjust the session times, volume threshold, MACD settings, or moving averages based on your trading strategy or the specific asset you are trading.
Breakout Trade LevelsThis indicator is designed for trading CFD indices, focusing specifically on breakout strategies.
For instance, utilize this indicator to set up a bracket order at the beginning of the trading day, anticipating a breakout in NAS100 with a movement of 1% in either direction. Utilizing the Open Price, it calculates the Entry Price, Stop Loss (SL), and Take Profit (TP) based on percentage movements.
Break of structure indicatorThis indicator allows you to set a range of price which you want to get an alert about if price breaks that structure.
Breakout Trend Follower V2This is a variation on my other Breakout Trend Follower script. In the other script, you can use a moving average to act as a filter for your trades (i.e. if the price is below the moving average, it won't go long). After making the tool that detects trends on higher timeframes, I wanted to see if that might be a better filter than a moving average.
So this script lets you look at higher time frame trends (i.e. are there higher highs and higher lows? If so, this is an uptrend). You only take trades when you are with the trend. You have the ability to select up to two trends to act as a filter. Each trend direction is shown on a table on the chart for easy reference. The current pivot highs and lows are plotted on the chart so you can see when you might be breaking both the current timeframe's trend and higher level trends.
What I found was that in general this does not perform as well as the other strategy, but it does seem to be a lot more picky with trades. Showing higher win rates and a better profit factor. It just takes a lot less trades and the net profit isn't as good.
Break/Reversal/Touch [Intromoto]This script shows the engulfing breaks, touches and potential reversals for when prices arrives at certain time frame closes.
On publishing it shows the crossovers of the 6 hour, Daily, Weekly, and Monthly time frames.
The candle main signals are contingent on crossing over the closing level, and engulfing the previous candle. Secondary signals occur when the candle low or high touch the closing levels, in the directional color, i.e. you'll get a bearish touch signal if the candle high touches the level, and it's a red candle. Reversals occur when the subsequent candle breaks a closing level, but the current candle engulfs the previous candle in the opposing direction.
If a candles low or high hits a daily, weekly, or monthly close level it also will plot a "D/W/M Touch" in the according direction.
Thanks
Breakout Trend Trading Strategy - V2This is an alternate version of Breakout Trend Trading Strategy - V1
Only difference is, this strategy places stop orders based on calculated targets whereas V1 waits for price to close target levels and then places market orders. Hence, you will receive the target prices before trade executes in strategy.
Parameters are same as that of Breakout Trend Trading Strategy - V1
There is one additional parameter on Trade Type - which permits user to allow only breakout, pullback or reverse trading or combination of all.
Backtesting parameters remain same :
Capital and position sizing : Capital and position sizing parameters are set to test investing 2000 wholly on certain stock without compounding.
Initial Capital : 2000
Order Size : 100% of equity
Pyramiding : 1
Test cases remain same :
Positive : AAPL , AMZN , TSLA , RUN, VRT , ASX:APT
Negative Test Cases: WPL , WHC , NHC , WOW, COL, NAB (All ASX stocks)
Special test case: WDI
Negative test cases still show losses in back-testing. I have attempted including many conditions to eliminate or reduce the loss. But, further efforts has resulted in reduction in profits in positive cases as well. Still experimenting. Will update whenever I find improvements. Comments and suggestions welcome :)
Breaking Bands by PuppyTherapyToday I have brought to you Breaking Bands. It is a compilation of more flexible Bollinger bands in normal and rainbow mode and Keltner Channels.
Please select at least one or two modes at max otherwise you will have a little colorful overflow on the chart.
Bollinger bands :
- you can select a different baseline calculation than the normal Simple Moving average.
- some of the baselines like T3 suffer from getting too tight too fast you can add a constant+ to the mix which is a basic percentage that will get added to the deviation thus bands will have a minimum threshold.
Rainbow bands :
- same things apply as for Bollinger bands but you can add several layers with different colors under the bands
Keltner Channels :
- only the base moving average applies the rest is calculated via Keltner Channel width
- each coin has a different volatility, therefore, you have to use the multiplier to find the best value for you. The base is mainly for scalping ETHUSD / BTCUSD.
I also added RSI and STOCH to the mix. If you have any of two selected you will see dots on the bottom and on the top signaling overbought/oversold conditions. When the color changes it is signaling a possible trend reversal / weakening trend on the oscilator.
Breakdown OscillatorThis is an indicator I made, based on the observation that the longer the price action hugs the bottom bollinger band, the greater the danger of a breakdown occurring (price decline). Essentially its a moving average of the difference between close price and the bottom bollinger band, divided by the bottom bollinger band; I like to use 1.5 standard deviations for the 20 day bollinger band. When it crosses below zero there is increased danger of a breakdown, although of course it could turn right around and go up again. In fact if it does turn around sharply from near zero it can be a good time to buy in the context of a pullback within an uptrend. I also have included the 'slope factor' which makes the indicator more negative based on the rate of downward movement of the bollinger moving average (set to 0 to omit this modification). The indicator can be used just for exits or can be used for entry signals when crossing over the green bar if desired. In the example chart you can see the price hitting the lower band or crossing below the 50dMA plenty of times on the way up while the indicator says to hold tight. When the breakdown comes its after a prolonged period of low volatility (band squeeze) on the lower side of the moving average so the signal comes quickly - they won't all be this good of course. This indicator can also be used to help spot potential shorting candidates.
This indicator also works well on weekly charts; I like the 1 standard deviation with 16 to 24 week long period, 6 to 10 week short period and 30 buy level. Your mileage may vary, please do your own research.
Breakout Trend Follower with MACD v2This is a breakout trend following strategy that uses MACD and ADX to help optimize. I like to use this against SOL on the 1D chart It is yield about 2200% profit from the inital start date on Coinbase Would love feedback
Break even stop loss (% of instrument price)Simply proof of concept to place a stop loss a percentage below entry price and move it to break even if the price moves the same percentage above the entre price.
FinancialWisdom Breakout IndicatorBreakout is detected when:
1- Price is higher than previous 6 bars
2- price is above 1% of previous high and below 20%
3- price is above 20 week moving average
4- Volume is higher by 30% of 1 candle before.
5-MACD is positive
Remember indicators/strategies are there to help you in your trading and not to trade based on them solely.
Not a financial advise.
Breakout lineSimple script to find breakout levels. Set your choise of timeframe. (must to be higher then chart)
