Breakout/Buy/Sell v6.5

Break Buy Sell Indicator v6.5 — Publish Description

What it is

A Heikin Ashi breakout event marker that runs a simple, sequential playbook:
BRK (intrabar) → BUY (bar close) → SELL (first Red Top-Test close).
Not a swing-high/low tool and not a full strategy—this is a breakout event detector.

How it works

A BRK prints intrabar only when core breakout confluence is present on the current bar:
Squeeze: Bollinger Band width below its lookback average × factor.
Break: High/close pushes beyond the lookback high (Early/Strict modes).
Volume: Volume > SMA(volume) × multiplier (mode-dependent).
Candle quality: Close in the top of the bar’s range (mode-dependent).
Adaptive override (optional): Close > prior high + k·ATR and body ≥ k·ATR.

After a BRK:

BUY prints on bar close (confirmation of that breakout bar).
A Top-Test Ladder (tiny triangles above bars) tracks “pressure” via spacing:
green → yellow → red (defaults: Yellow=2, Red=4).
SELL prints on the first red top-test bar close.

Notes:

Built and tuned on Heikin Ashi; use HA for matching placements.
Replay shows BRK & BUY on the same bar (no intrabar simulation). Live: they are staggered.

Inputs

Core Conditions:
BB Length • BB Mult • Squeeze Lookback • Squeeze Factor • Breakout Lookback
Volume SMA Length • Volume Mult (Early/Strict) • Candle Close-in-Range %

Mode: Early (high may break) / Strict (close must break)
Adaptive Override (ATR): Enable • ATR Length • k (break) • k (body)
Top-Test Ladder: Bars gap for Yellow • Bars gap for Red (≥)
Trade Signals: Enable Buy/Sell • Suppress extra BRK while in trade • Plot labels
Visuals: Debug paints (squeeze bg, Pmp diamonds, volume dots, ladder marks)

Signals & Alerts

BRK (intrabar): triangle below bar
BUY (on close): label below bar
SELL (Red Top-Test, on close): label above bar

Create these alerts (exactly three):

Breakout — Once Per Bar
BUY — Once Per Bar Close
SELL (Red Top-Test) — Once Per Bar Close

How to use

Wait for BRK intrabar (attention).
BUY at the close of that bar.
Ride through green/yellow ladder; SELL on the first red top-test close.
Optional: keep “Suppress extra BRK” ON to avoid spam during the trade.

Suggested settings

Chart: Heikin Ashi

Defaults to match screenshots:
Mode Early • BB 20/2.0 • Squeeze 0.60 • Breakout Lookback 20
Volume SMA 20 • Early mult 1.5
Adaptive ON (ATR 14, break/body 0.5)
Ladder Yellow=2, Red=4
Enable Buy/Sell ON • Suppress extra BRK ON • Debug paints ON

Timeframes: 15–45m, 2–4h, 1D (1–5m = advanced/noisier)

What it does NOT do

Not a full strategy, risk model, or trade manager.
Not a swing high/low system.
No multi-timeframe logic; it runs on the chart timeframe.

Tips & Notes

If yellow rarely appears, that’s normal—Pmp thrusts reset the ladder to green.
Keep alerts exactly as listed to avoid duplicates (don’t also use “Any alert() function call”).
Switching off HA will shift BUY/SELL timing (different OHLC basis).

Changelog

v6.5 — BRK intrabar retained; BUY on bar close; SELL on first Red Top-Test close; cleaner 3-alert workflow; ladder defaults tuned (Yellow=2, Red=4).

Disclaimer

Educational only. Not financial advice. Backtest and size risk before live use.