Breakout — Indicators and Signals — TradingView — India (2024)

Price and Volume Breakout Buy Strategy [TradeDots]

tradedotsUpdated

The "Price and Volume Breakout Buy Strategy" is a trading strategy designed to identify buying opportunities by detecting concurrent price and volume breakouts over a specified range of candlesticks.This strategy is optimized for assets demonstrating high volatility and significant momentum spikes. HOW IT WORKS The strategy first takes the specific number of...

761

5

LuxAlgoWizard

The Breakouts Tests & Retests indicator highlights tests and retests of levels constructed from detected swing points. A swing area of interest switches colors when a breakout occurs.Users can control the sensitivity of the swing point detection and the width of the swing areas.🔶 USAGE When a Swing point is detected, an area of interest is drawn,...

691

7

Range Finder [UAlgo]

UAlgo

🔶 Description: The "Range Finder " indicator aims at identifying and visualizing price ranges within a specified number of candles. By utilizing the Average True Range (ATR) indicator and Simple Moving Average (SMA), it detects potential breakout conditions and tracks consecutive candles that remain within the breakout range. This indicator offers flexibility...

242

3

Relative Volume / Volume Breakout Multiplier By Afnan Tajuddin

AfnanTAjuddinUpdated

Introducing the Relative Volume / Volume Breakout Multiplier (RVI) , RVI is specifically designed for traders who incorporate volume breakout analysis into their trading strategies, particularly breakout traders.This indicator provides a unique perspective on volume dynamics by quantifying the extent of volume breakouts in relation to the Simple Moving Average...

234

7

traderharikrishnaUpdated

Volume Spread Analysis with Trend Direction is an indicator designed to Identify trend based volume spread. Volume Spread Trend This is a very simple yet powerful to identify Trend and corresponding volume Breakout. Unlike other Volume Indicators this indicator detects Breakout along with trend direction. One can detect the Early breakout in volume using...

289

5

3 Pivots Interpolation Breakouts

tkarolakUpdated

I designed the '3 Pivots Interpolation Breakouts' indicator to intuitively identify breakout opportunities using pivot points. This tool stems from my need to anticipate market direction and capitalize on breakouts. It uses a line interpolated from three pivot highs or lows to forecast upcoming breakouts. This offers a straightforward way to visualize potential...

53

Reversal and Breakout Signals [AlgoAlpha]

AlgoAlphaUpdated

🚀🌟 Introducing the Reversal and Breakout Signals by AlgoAlpha 🌟🚀This innovative tool is crafted to enhance your chart analysis by identifying potential reversal and breakout opportunities directly on your charts. It's designed with both novice and experienced traders in mind, providing intuitive visual cues for better decision-making. Let's dive into the key...

1645

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Breakout Probability Indicator (FinnoVent)

FinnoVent

The Breakout Probability Indicator is a cutting-edge tool designed for traders looking to gauge the likelihood of price breakouts above or below current levels. This indicator intelligently combines Average True Range (ATR) and recent price action to provide a probabilistic insight into potential future price movements, enhancing strategy formulation and risk...

248

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Support and Resistance (MTF) | Flux Charts

fluxchartUpdated

💎 GENERAL OVERVIEW Introducing a groundbreaking support and resistance indicator designed to revolutionize your trading experience on TradingView! This innovative tool operates across three distinct timeframes, offering a comprehensive view of market dynamics to help you make informed trading decisions. The indicator offers a large variety of features : ...

2786

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Custom % Breakout Highlight

subasark

The "Custom % Breakout Highlight" indicator in Pine Script is designed to visually identify candles that experience a significant percentage price change relative to a user-defined threshold. The primary goal of this indicator is to highlight candles that surpass a specified percentage breakout level, signaling potential price movements or shifts in market...

43

Donchian Quest Research

sergeyenUpdated

// ================================= Trend following strategy.// =================================Strategy uses two channels. One channel - for opening trades. Second channel - for closing.Channel is similar to Donchian channel, but uses Close prices (not High/Low). That helps don't react to wicks of volatile candles (“stop hunting”). In most cases...

251

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Targets For Many Indicators [LuxAlgo]

LuxAlgoWizard

The Targets For Many Indicators is a useful utility tool able to display targets for many built-in indicators as well as external indicators. Targets can be set for specific user-set conditions between two series of values, with the script being able to display targets for two different user-set conditions.Alerts are included for the occurrence of a new target...

3359

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Targets For Overlay Indicators [LuxAlgo]

LuxAlgoWizard

The Targets For Overlay Indicators is a useful utility tool able to display targets during crossings made between the price and external indicators on the user chart. Users can display a series of two targets, one for crossover events and another one for crossunder event.Alerts are included for the occurrence of a new target as well as for reached targets.🔶 ...

3221

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London BreakOut Classic

xsixs

Hey there, this is my first time publishing a strategy. The strategy is based on the London Breakout Idea, an incredibly popular concept with abundant information available online.Let me summarize the London Breakout Strategy in a nutshell: It involves identifying key price levels based on the Tokyo Session before the London Session starts. Typically, these key...

206

Pocket Pivot Breakout

simatricks

Pocket Pivot Breakout Indicator The pocket pivot breakout indicator will show a blue arrow under the candle if both the following conditions are met:1. The percentage change of the candle on that day from open is greater than 3%.2. The volume on the day of 3% candle is higher than the highest red volume in the past 10 days.The second condition is based on the...

561

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Breakout Detector (Previous MTF High Low Levels) [LuxAlgo]

LuxAlgoWizardUpdated

The Breakout Detector (Previous MTF High Low Levels) indicator highlights breakouts of previous high/low levels from a higher timeframe. The indicator is able to: display take-profit/stop-loss levels based on a user selected Win/Loss ratio, detect false breakouts, and display a dashboard with various useful statistics.Do note that previous high/low levels are...

2250

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Touched

mickesUpdated

Library "Touched" Breakout(zone, lookback)   Tells if the zone has been broken on the current bar.  Parameters:     zone (Zone) : The definitiin of the zone.     lookback (int) : How many bars to look back.  Returns: a Touch object that tells if the zone has been broken up or down. FalseBreakout(zone, lookback)   Tells if the zone has a false breakout...

10

2

Market Structure (Breakers) [LuxAlgo]

LuxAlgoWizard

The Market Structure (Breakers) indicator aims to detect "Breaker Market Structures", an original concept inspired by breaker blocks, and extend on the original concept of market structures by extending existing MS levels, providing supports/resistances as a result.Various graphical elements are included that highlight the interactions between price and Breaker...

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Breakout — Indicators and Signals — TradingView — India (2024)

FAQs

Which indicator is best for a breakout strategy? ›

Indicators such as Moving Averages, RSI and MACD can be used to measure the strength of the breakout. Volume: An important factor to identify a breakout is the trading volumes of the stock. It is essential that the volumes traded should be high on the day of the breakout.

Which indicator to use for breakout? ›

By utilizing the Average True Range (ATR) indicator and Simple Moving Average (SMA), it detects potential breakout conditions and tracks consecutive candles that remain within the breakout range.

How to identify breakout stocks in TradingView? ›

📈Open TradingView and select the chart that you want to add the indicator to. 📈Click on the "Indicators" tab and search for "30 Minute Breakout/Breakdown Indicator by InvestYourAsset". 📈Click on the indicator to add it to your chart. 📈Configure the inputs to your liking.

What is the daily breakout indicator in TradingView? ›

This indicator identifies potential breakout opportunities based on the first candle of the trading day. It considers the high and low of the initial trading range to determine possible entry points, along with the previous day's high and low to gauge the strength of the trend.

What is the best indicator to identify a false breakout? ›

The best way to be sure you don't get caught in a false-breakout from a trading range is to simply wait for price to close outside of the range for two days or more. If this happens, there's a good chance the range is finished and price is then going to start trending again.

How to trade breakouts like a pro? ›

Summary
  1. Identify the Candidate: Find stocks that have built strong support or resistance levels and watch them. ...
  2. Wait for the Breakout: Finding a good candidate does not mean a trade should be taken prematurely. ...
  3. Set a Reasonable Objective: If you are going to take a trade, set an expectation of where it is going.

How do you find fake breakouts in trading? ›

How can you identify false breakouts in chart patterns?
  1. Use confirmation indicators.
  2. Wait for the candle close.
  3. Look for retests and follow-throughs.
  4. Use multiple time frames.
  5. Use a stop-loss and a risk-reward ratio.
  6. Here's what else to consider.
Sep 19, 2023

What is the ADX breakout indicator in Tradingview? ›

ADX Value:

Price will move up and down between resistance and support in order to determine selling and buying interest and may then eventually break out into a trend or pattern. The way in which ADX peaks, ebs, and flows is also a signifier of its overall pattern and trend momentum.

How do you predict a breakout? ›

Here are seven ways to identify and profit from potential breakout stocks.
  1. Look for companies with a competitive advantage. ...
  2. Watch for key market trends. ...
  3. Monitor volume and price. ...
  4. Identify companies with strong fundamentals. ...
  5. Track a stock's relative strength. ...
  6. Keep an eye out for catalysts. ...
  7. Exit at your target price.
Mar 5, 2024

What is the most powerful indicator in TradingView? ›

Best TradingView Indicators
  1. Best TradingView Indicators: Volume Profile HD. The Volume Profile HD indicator is a critical tool for visualizing trading activity in the futures market. ...
  2. Best TradingView Indicators: Supertrend Indicator. ...
  3. Best TradingView Indicators: RSI. ...
  4. Best TradingView Indicators: Bollinger Bands.
Feb 8, 2024

What are the 5 indicators in TradingView? ›

5 Technical Indicators for Smart Trading
  • Moving Averages: Riding the Waves of Market Trends. ...
  • Relative Strength Index (RSI): Gauging Overbought and Oversold Conditions. ...
  • Bollinger Bands: Embracing Volatility for Profitable Trades. ...
  • Moving Average Convergence Divergence (MACD): Capturing Trend Changes.
Nov 10, 2023

What is the best time frame for breakout trading? ›

This trade is taken usually on the 5-minute, 15-minute or 30-minute time frame and generally resolves very quickly. For scalpers the most popular time frame is 5-minutes and for intra-day swing traders they will most likely use the 15-minute of the 30-minute time frames.

Which breakout strategy is best? ›

Inside bars are perhaps the most 'classic' price action breakout strategy because they show a breakout from the consolidation of the inside bar setup. On a lower time frame such as a 1 hour chart, a daily chart inside bar will look take the form of a consolidation range, sometimes a triangular range.

How do you find the perfect breakout? ›

Here are seven ways to identify and profit from potential breakout stocks.
  1. Look for companies with a competitive advantage. ...
  2. Watch for key market trends. ...
  3. Monitor volume and price. ...
  4. Identify companies with strong fundamentals. ...
  5. Track a stock's relative strength. ...
  6. Keep an eye out for catalysts. ...
  7. Exit at your target price.
Mar 5, 2024

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