Trendlines with Breaks by LuxAlgo MT5
- Indicators
- Biswarup Banerjee
- Version: 3.0
- Updated: 27 August 2025
- Activations: 20
Enhance your breakout trading with the Trendlines with Breaks by LuxAlgo MT5, an innovative pivot-based indicator that automatically draws dynamic trendlines and highlights real-time breaks, drawing from the popular LuxAlgo suite on TradingView where it has garnered over 100,000 uses and positive reviews for its accuracy in spotting support/resistance levels. Celebrated in trading communities like Reddit and YouTube for its non-repainting option and customizable slopes, this tool empowers forex, stocks, and crypto traders to capture trend reversals and continuations, with users reporting improved entry timing and reduced false signals—often elevating win rates by 10-20% in volatile markets by focusing on confirmed breaks rather than speculative moves. Its benefits include precise identification of breakout points for aggressive entries, adaptive trendline steepness to match market conditions, and integrated alerts to stay ahead without constant monitoring, making it a staple for scalpers, day traders, and swing strategies seeking reliable support/resistance confirmation.
The Trendlines with Breaks by LuxAlgo MT5 plots green upward trendlines (CROSS_UP) and red downward trendlines (CROSS_DOWN) connecting pivot highs/lows, with arrows (PRICE_CROSS_UP green, PRICE_CROSS_DOWN red) signaling breaks in real-time. It uses a swing detection lookback (default 14) and slope multiplier (default 1.0) for steepness control, with three calculation methods: ATR for consistent volatility-adjusted slopes, Stdev for deviation-based variability, or Linreg for regression-fitted trends—allowing adaptation to ranging or trending conditions. Enable backpaint for dynamic updates or disable for static analysis, with showExt extending lines for better visualization. Benefits encompass accurate breakout detection to avoid whipsaws, customizable parameters for any timeframe/asset, EA compatibility via 17 buffers (including pivots, slopes, crosses), and multi-alerts (pop-ups, push, email—all default enabled) for seamless integration into automated systems—non-repainting when configured, efficient, and optimized for MT5's multi-symbol testing.
Also available for MT4: Trendlines with Breaks by LuxAlgo MT4
Installation Guide for MQL Products | Updating Purchased MQL Products on MT4/MT5
Key Features
- Pivot-Based Trendlines: Automatically draws up (green) and down (red) lines connecting pivot highs/lows (phBuffer/plBuffer) with a lookback period (default 14), providing clear support/resistance visualization for breakout anticipation.
- Real-Time Breakout Signals: Detects price crosses with arrows (green up, red down) and buffers (PRICE_CROSS_UP/DOWN), ensuring timely alerts without repainting when backpaint is disabled.
- Customizable Slope Methods: Choose from ATR (volatility-consistent), Stdev (deviation-variable), or Linreg (regression-fitted) for trendline angles, with mult (default 1.0) adjusting steepness to suit market volatility.
- Non-Repainting Option: Toggle backpaint=false for static trendlines ideal for backtesting, or true for dynamic real-time updates, enhancing reliability in live trading.
- Extended Line Display: showExt=true projects trendlines forward, aiding in forecasting potential breaks and trend continuations across forex, crypto, and commodities.
- Integrated Alert System: Configurable notifications (alerts, push, email—all default enabled) for breakout events, supporting hands-free monitoring in fast-moving markets.
- EA Compatibility: 17 buffers expose all data (pivots, slopes via slope_ph/pl, ATR, crosses, indexes) for seamless integration into automated strategies and expert advisors.
- Versatile Application: Adapts to any timeframe or asset, excelling in identifying reversals during ranging sessions or continuations in strong trends with precise slope control.
- Efficient and User-Friendly: Lightweight code for smooth MT5 performance, with granular settings for swing detection and calculation methods to optimize for breakout trading.
The Trendlines with Breaks by LuxAlgo MT5 is indispensable for traders leveraging pivot-driven analysis, delivering customizable trendlines that pinpoint actionable breaks, filter noise in choppy markets, and boost confidence through accurate support/resistance signals for sustained profitability.
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#tags trendlines with breaks luxalgo mt5 pivot points breakout signals support resistance slope methods atr stdev linreg non-repainting alerts ea integration forex crypto commodities trend reversal trading