OPEN-SOURCE SCRIPT
Pivot Breakout High&Low Signals [JPT]
🔷 OVERVIEW
Pivot Breakout High&Low Signals [JPT] is a non-repainting price action indicator that automatically identifies Pivot High and Pivot Low breakout opportunities using a Breakout → Retest → Confirmation methodology.
Instead of generating signals immediately after price breaks a pivot level, the indicator waits for price to successfully retest the broken support or resistance before displaying a BUY or SELL signal. This approach helps reduce false breakouts and provides higher-quality trading opportunities.
The indicator continuously updates dynamic Pivot High resistance and Pivot Low support levels, making it easier to visualize market structure and identify potential breakout zones.
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🔷 HOW IT WORKS
The indicator continuously scans completed candles for confirmed Pivot Highs and Pivot Lows.
When breakout conditions are satisfied, it:
• Detects a confirmed Pivot High or Pivot Low
• Monitors for a breakout above resistance or below support
• Waits for price to retest the breakout level
• Confirms buyer or seller rejection
• Displays a BUY or SELL signal
• Updates Pivot Support and Resistance levels automatically
• Optionally filters signals using the EMA trend direction
Only confirmed breakout and retest setups generate trading signals.
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🔷 CHART SETUP ① – BULLISH PIVOT BREAKOUT
📈 Pivot High → Breakout → LONG → SINGAL
• Price forms a confirmed Pivot High.
• Buyers break above the Pivot High resistance.
• Price retraces to retest the breakout level.
• The previous resistance becomes new support.
• Buyers defend the support.
• The indicator plots a BUY signal after confirmation.
This setup helps traders avoid chasing breakouts and instead enter after confirmation.
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🔷 CHART SETUP ② – BEARISH PIVOT BREAKDOWN
📉 Pivot Low → Breakdown → SHORT → SINGAL
• Price forms a confirmed Pivot Low.
• Sellers break below the Pivot Low support.
• Price pulls back to retest the broken support.
• The previous support becomes new resistance.
• Sellers reject the retest.
• The indicator plots a SELL signal after confirmation.
This confirmation helps reduce false breakdown entries during sideways markets.
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🔷 CHART SETUP ③ – DYNAMIC PIVOT STRUCTURE
Throughout every trend, the indicator continuously updates:
• Pivot Higher Resistance
• Pivot Lower Support
These dynamic levels help traders:
• Identify trend direction
• Monitor breakout zones
• Observe changing market structure
• Anticipate future breakout opportunities
The Pivot lines automatically adjust as new confirmed swing highs and lows are formed.
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🔷 VISUAL FEATURES
• Automatic BUY & SELL Signals
• Dynamic Pivot High Resistance
• Dynamic Pivot Low Support
• Breakout Confirmation
• Retest Confirmation
• Optional EMA Trend Filter
• Historical Signal Display
• Background Signal Highlight
• Clean & Lightweight Chart Layout
• Non-Repainting Pivot Logic
--------------------------------------------------
🔷 INPUTS
The indicator includes options to customize:
• Pivot Length
• Retest Tolerance (%)
• EMA Length
• Enable / Disable EMA Trend Filter
• Signal Colors
• Historical Signal Display
--------------------------------------------------
🔷 USAGE
A common workflow is:
• Wait for a confirmed BUY or SELL signal.
• Confirm that price has completed the breakout and retest.
• Use the Pivot Support or Resistance level as your trade reference.
• Manage your trade using your own stop-loss and take-profit strategy.
• Combine signals with higher-timeframe trend analysis, support/resistance, or volume for additional confirmation.
--------------------------------------------------
🔷 BEST MARKETS
The indicator can be applied to:
• Forex
• Gold (XAUUSD)
• Silver (XAGUSD)
• Crude Oil
• Cryptocurrency
• Stocks
• Indices
• Commodities
--------------------------------------------------
🔷 RECOMMENDED TIMEFRAMES
The indicator works across all timeframes.
Recommended:
• 15 Minutes
• 30 Minutes
• 1 Hour
• 2 Hours
• 4 Hours
• Daily
Higher timeframes generally produce stronger breakout confirmations and more reliable retest signals.
-------------------------------------------------------
🔷 DISCLAIMER
This indicator is designed as a technical analysis tool and does not predict future price movements. BUY and SELL signals are generated according to the programmed Pivot Breakout and Retest logic and should be used alongside additional market analysis, sound risk management, and appropriate trade planning. No indicator guarantees profitable trading results.
Developed by Jos-ProTrader (JPT)
Pivot Breakout High&Low Signals [JPT] is a non-repainting price action indicator that automatically identifies Pivot High and Pivot Low breakout opportunities using a Breakout → Retest → Confirmation methodology.
Instead of generating signals immediately after price breaks a pivot level, the indicator waits for price to successfully retest the broken support or resistance before displaying a BUY or SELL signal. This approach helps reduce false breakouts and provides higher-quality trading opportunities.
The indicator continuously updates dynamic Pivot High resistance and Pivot Low support levels, making it easier to visualize market structure and identify potential breakout zones.
--------------------------------------------------
🔷 HOW IT WORKS
The indicator continuously scans completed candles for confirmed Pivot Highs and Pivot Lows.
When breakout conditions are satisfied, it:
• Detects a confirmed Pivot High or Pivot Low
• Monitors for a breakout above resistance or below support
• Waits for price to retest the breakout level
• Confirms buyer or seller rejection
• Displays a BUY or SELL signal
• Updates Pivot Support and Resistance levels automatically
• Optionally filters signals using the EMA trend direction
Only confirmed breakout and retest setups generate trading signals.
--------------------------------------------------
🔷 CHART SETUP ① – BULLISH PIVOT BREAKOUT
📈 Pivot High → Breakout → LONG → SINGAL
• Price forms a confirmed Pivot High.
• Buyers break above the Pivot High resistance.
• Price retraces to retest the breakout level.
• The previous resistance becomes new support.
• Buyers defend the support.
• The indicator plots a BUY signal after confirmation.
This setup helps traders avoid chasing breakouts and instead enter after confirmation.
--------------------------------------------------
🔷 CHART SETUP ② – BEARISH PIVOT BREAKDOWN
📉 Pivot Low → Breakdown → SHORT → SINGAL
• Price forms a confirmed Pivot Low.
• Sellers break below the Pivot Low support.
• Price pulls back to retest the broken support.
• The previous support becomes new resistance.
• Sellers reject the retest.
• The indicator plots a SELL signal after confirmation.
This confirmation helps reduce false breakdown entries during sideways markets.
--------------------------------------------------
🔷 CHART SETUP ③ – DYNAMIC PIVOT STRUCTURE
Throughout every trend, the indicator continuously updates:
• Pivot Higher Resistance
• Pivot Lower Support
These dynamic levels help traders:
• Identify trend direction
• Monitor breakout zones
• Observe changing market structure
• Anticipate future breakout opportunities
The Pivot lines automatically adjust as new confirmed swing highs and lows are formed.
--------------------------------------------------
🔷 VISUAL FEATURES
• Automatic BUY & SELL Signals
• Dynamic Pivot High Resistance
• Dynamic Pivot Low Support
• Breakout Confirmation
• Retest Confirmation
• Optional EMA Trend Filter
• Historical Signal Display
• Background Signal Highlight
• Clean & Lightweight Chart Layout
• Non-Repainting Pivot Logic
--------------------------------------------------
🔷 INPUTS
The indicator includes options to customize:
• Pivot Length
• Retest Tolerance (%)
• EMA Length
• Enable / Disable EMA Trend Filter
• Signal Colors
• Historical Signal Display
--------------------------------------------------
🔷 USAGE
A common workflow is:
• Wait for a confirmed BUY or SELL signal.
• Confirm that price has completed the breakout and retest.
• Use the Pivot Support or Resistance level as your trade reference.
• Manage your trade using your own stop-loss and take-profit strategy.
• Combine signals with higher-timeframe trend analysis, support/resistance, or volume for additional confirmation.
--------------------------------------------------
🔷 BEST MARKETS
The indicator can be applied to:
• Forex
• Gold (XAUUSD)
• Silver (XAGUSD)
• Crude Oil
• Cryptocurrency
• Stocks
• Indices
• Commodities
--------------------------------------------------
🔷 RECOMMENDED TIMEFRAMES
The indicator works across all timeframes.
Recommended:
• 15 Minutes
• 30 Minutes
• 1 Hour
• 2 Hours
• 4 Hours
• Daily
Higher timeframes generally produce stronger breakout confirmations and more reliable retest signals.
-------------------------------------------------------
🔷 DISCLAIMER
This indicator is designed as a technical analysis tool and does not predict future price movements. BUY and SELL signals are generated according to the programmed Pivot Breakout and Retest logic and should be used alongside additional market analysis, sound risk management, and appropriate trade planning. No indicator guarantees profitable trading results.
Developed by Jos-ProTrader (JPT)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
t.me/EdwardJosFXAnalyst
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
t.me/EdwardJosFXAnalyst
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.