OPEN-SOURCE SCRIPT
Breakout with SL Label
This script spots breakout opportunities using adaptive support and resistance levels based on volatility-sensitive pivot highs and lows. It triggers buy/sell signals only after a breakout is supported by the next candle's close in the same direction, helping filter out fakeouts. Each signal label includes a built-in stop-loss level based on the previous candle’s high or low—displayed right on the chart.
🔧 User Inputs Explained:
Base Swing Strength – Controls how sensitive the strategy is to price structure. Higher values detect only stronger price swings.
Line Duration – How long each support/resistance line extends across the chart before expiring.
ATR Period – Sets the lookback for Average True Range calculation, which drives volatility awareness.
Volatility Sensitivity – Adjusts how responsive the swing detection is to changing market conditions. Higher = more adaptive, lower = more stable.
Max Lines Stored – Limits how many historical support/resistance lines stay visible to keep your chart clean and lightweight.
✅ Features:
Volatility-adaptive swing detection using normalized ATR
Breakout detection confirmed by price follow-through
Only one trade signal per breakout level
Stop-loss shown directly in the trade signal label
Clean visual layout for faster decision-making
Great for breakout traders who value clarity, confirmation, and consistency without clutter.
🔧 User Inputs Explained:
Base Swing Strength – Controls how sensitive the strategy is to price structure. Higher values detect only stronger price swings.
Line Duration – How long each support/resistance line extends across the chart before expiring.
ATR Period – Sets the lookback for Average True Range calculation, which drives volatility awareness.
Volatility Sensitivity – Adjusts how responsive the swing detection is to changing market conditions. Higher = more adaptive, lower = more stable.
Max Lines Stored – Limits how many historical support/resistance lines stay visible to keep your chart clean and lightweight.
✅ Features:
Volatility-adaptive swing detection using normalized ATR
Breakout detection confirmed by price follow-through
Only one trade signal per breakout level
Stop-loss shown directly in the trade signal label
Clean visual layout for faster decision-making
Great for breakout traders who value clarity, confirmation, and consistency without clutter.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.