Breakout Finder

Unleash the power of Breakout Finder, an avant-garde indicator engineered to pinpoint breakouts and breakdowns from preceding swing levels. This innovative tool goes beyond mere identification, conducting a thorough test to assess level resilience. Once a breakout is confirmed, Breakout Finder encapsulates the pivotal area with precision, highlighting the candle that catalyzed the breakthrough.

Features:

1. Swing Duration- Tailor the period for swing calculations, ensuring accuracy in identifying breakout opportunities.

2. Limit the History- Set the number of historical candles for a comprehensive study, empowering you with insights into price dynamics.

3. Dynamic Support and Resistance - Define threshold levels that treat support and resistance as dynamic areas, not static price points.

4. Test Number - Specify the number of times an area was tested before the decisive breakout, offering a nuanced understanding of market behavior.

5. Visual Customization - Enjoy a myriad of visual customization options to align the indicator with your unique preferences and trading style.

Breakout candles are as series plots, facilitating seamless integration with algo trading strategies. Algo traders can effortlessly automate their strategy or build an automated backtesting scripts.