OPEN-SOURCE SCRIPT

Breakout Trend

224
TiltFolio Breakout Trend indicator

The Breakout Trend indicator is designed to help traders clearly visualize trend direction by combining two complementary techniques: moving averages and Donchian-style breakout logic.

Rather than relying on just one type of signal, this indicator merges short-term and long-term moving averages with breakout levels based on recent highs and lows. The moving averages define the broader trend regime, while the breakout logic pinpoints moments when price confirms directional momentum. This layered approach filters out many false signals while still capturing high-conviction moves.

Yes, these are lagging indicators by design — and that’s the point. Instead of predicting every wiggle, the Breakout Trend waits for confirmation, offering higher signal quality and fewer whipsaws. When the price breaks above a recent high and sits above the long-term moving average, the trend is more likely to persist. That’s when this indicator shines.

While it performs best on higher timeframes (daily/weekly), it's also adaptable to shorter timeframes for intraday traders who value clean, systematic trend signals.

For early signal detection, we recommend pairing this with TiltFolio’s Buying/Selling Proxy, which anticipates pressure buildups—albeit with more noise.

It's easy to read and built for real-world trading discipline.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.