Breakout Trader

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This script is designed to catch breakout opportunities that develop after a clear trend has already been established. By tracking price pivots and measuring key retracement levels, it can identify points where momentum shifts create the setup for a potential continuation move. These signals often occur when a failed attempt to push price further in the opposite direction leads instead to renewed strength in the original trend.

It is particularly effective on lower time frames, where breakouts can quickly evolve into strong extended moves. On charts like the 1-minute or 3-minute, the script helps traders capture these fast-developing opportunities, giving early warnings of potential entries that may lead to much longer trend extensions.

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Notes de version

Minor update