Breakout indicator

A combined technical analysis indicator that allows you to plot support and resistance lines and simultaneously reports a possible breakout.

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

It's essentially an advisor for opening trades, but the orders themselves must be opened and closed manually.

The trading system is based on a price channel and placing orders at suggested breakout points.

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

Red dots are market entry points.
Green dots are recommended take-profit points for open orders.

The breakout indicator has extremely simple settings, which are set in the N parameter. The higher the value, the wider the price channel and the longer the trading timeframe.

Download the breakout indicator .

The tool can be used both in breakout strategies and simply for constructing price channels and receiving signals about level breakouts.