OPEN-SOURCE SCRIPT

Three Candle Breakout Marker

**Title: Three Candle Breakout Marker**

**Description:**

The **Three Candle Breakout Marker** is a powerful trading indicator designed for traders who want to identify significant price movements based on recent price action. This script marks candles that break above the highest high or below the lowest low of the previous three candles, providing clear visual signals for potential trading opportunities.

### Key Features:

- **Visual Indicators**: The indicator uses upward blue triangles to signify when a candle closes above the highest high of the last three candles, indicating a bullish breakout. Conversely, it uses downward orange triangles to mark when a candle closes below the lowest low of the last three candles, signaling a bearish breakout.

- **Customizable Alerts**: Traders can easily customize this indicator to suit their trading strategies by adjusting colors and sizes for better visibility on their charts.

- **Enhanced Chart Analysis**: With optional horizontal lines drawn at the breakout levels, traders can quickly assess key support and resistance areas, enhancing their decision-making process.

### How to Use:

1. **Add to Chart**: Simply add the indicator to your TradingView chart for any asset or timeframe you are analyzing.

2. **Identify Breakouts**: Look for blue triangles above candles for bullish breakout signals and orange triangles below candles for bearish breakout signals.

3. **Combine with Other Tools**: Use this indicator in conjunction with other technical analysis tools and indicators to confirm signals and improve your trading strategy.

### Conclusion:

The **Three Candle Breakout Marker** is an essential tool for traders looking to capitalize on momentum shifts in the market. By clearly marking breakout points, it helps traders make informed decisions and enhances their ability to react swiftly to changing market conditions.

Feel free to explore and customize this indicator to fit your trading style! Happy trading!
Candlestick analysis

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