Breakout indicator

A combined technical analysis indicator that allows you to build support and resistance lines and at the same time reports a possible breakdown.

The breakout indicator is designed for use in trading strategies of the same name; it is easy to set up and use in trading.

In fact, this is an advisor for opening transactions, the only thing is that the orders themselves will have to be opened and closed manually.

The trading system is built on a price channel and placing orders at the proposed breakout points.

After adding an instrument to the desired currency pair, the channel is automatically built and green and red dots appear.

Red dots are market entry points.
Green dots are recommended places to set take profit for tear-off orders.

The breakout indicator has the simplest settings, which are set in the N parameter. The higher its indicator, the wider the price channel and the longer the trading time period.

Download the breakdown indicator .

The tool can be used both in breakout strategies and simply to build price channels and receive signals about breakout levels.