OPEN-SOURCE SCRIPT
SREN - Price Breakout
Price Breakout
Price Breakout marks the moment price breaks above its most recent swing high.
How it works
It finds swing highs with a pivot rule: a high counts once a set number of bars on each side are lower than it.
While price is below the most recent swing high, the indicator draws a faint dotted line at that level.
When price breaks above it, the dotted line becomes a solid line from the swing high to the breakout candle, and a small triangle appears under that candle.
When a new swing high forms before a breakout, the old level is removed so the chart stays clean.
Settings
Bars left / right of high: how strict the swing high is. Higher values give fewer, more important levels. Lower values react to smaller swings.
Require a close above the high: on by default, so only a candle close above the level counts. Turn it off to count a wick through the level, which gives earlier but noisier signals.
Style: line colour and width, the waiting-level colour, and on/off switches for the dotted level and the breakout marker.
Alerts
Includes a "Breakout above last high" alert. For confirmed signals, set it to "Once per bar close".
Notes
A swing high appears only after the bars to its right have formed, so the waiting level is drawn with that delay.
Breakout lines on closed candles don't repaint.
This is a visual aid for spotting breakouts, not a trading recommendation. Use it alongside your own analysis and risk management.
Price Breakout marks the moment price breaks above its most recent swing high.
How it works
It finds swing highs with a pivot rule: a high counts once a set number of bars on each side are lower than it.
While price is below the most recent swing high, the indicator draws a faint dotted line at that level.
When price breaks above it, the dotted line becomes a solid line from the swing high to the breakout candle, and a small triangle appears under that candle.
When a new swing high forms before a breakout, the old level is removed so the chart stays clean.
Settings
Bars left / right of high: how strict the swing high is. Higher values give fewer, more important levels. Lower values react to smaller swings.
Require a close above the high: on by default, so only a candle close above the level counts. Turn it off to count a wick through the level, which gives earlier but noisier signals.
Style: line colour and width, the waiting-level colour, and on/off switches for the dotted level and the breakout marker.
Alerts
Includes a "Breakout above last high" alert. For confirmed signals, set it to "Once per bar close".
Notes
A swing high appears only after the bars to its right have formed, so the waiting level is drawn with that delay.
Breakout lines on closed candles don't repaint.
This is a visual aid for spotting breakouts, not a trading recommendation. Use it alongside your own analysis and risk management.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.