Institutional Wedge Breakout Dashboard Pro
- Indicators
- Version: 1.0
- Activations: 10
Overview
The Wedge Breakout Trendline & Multi-Timeframe Dashboard Indicator is a hybrid trading system that combines real-time wedge breakout detection, automatic trendline construction, and a multi-symbol, multi-timeframe market dashboard.
It is designed to identify market compression phases using swing high/low structure and detect breakout opportunities when price expands beyond dynamically calculated trendlines.
The indicator operates in two integrated modules:
- A live chart-based wedge breakout system
- A multi-symbol multi-timeframe dashboard scanner
1. Wedge Breakout Engine (Chart Module)
This module detects market structure directly on the active chart using swing highs and swing lows.
How it works:
- Identifies swing highs and swing lows using a configurable swing bar depth ( Wedge_SwingBars )
- Selects the two most recent swing highs and lows
- Constructs:
- Resistance trendline (from swing highs)
- Support trendline (from swing lows)
- Continuously projects trendline values forward to current price
Breakout Logic:
- Bullish Breakout
- Previous candle closes below resistance
- Current candle closes above resistance
- Bearish Breakout
- Previous candle closes above support
- Current candle closes below support
Visual Output:
- Draws support trendline (blue by default)
- Draws resistance trendline (orange/red by default)
- Prints BUY/SELL arrows on breakout candles (optional via ShowArrows )
2. Multi-Symbol Multi-Timeframe Dashboard Engine
This module scans multiple forex pairs and timeframes simultaneously.
Default Symbols:
- EURUSD
- GBPUSD
- USDJPY
- XAUUSD
(Editable via Dashboard_Symbols input)
Timeframes Scanned:
- M1
- M5
- M15
- M30
- H1
- H4
- D1
Dashboard Logic
For each symbol and timeframe:
- Detects swing highs/lows using Dashboard_SwingBars
- Builds internal trendlines
- Calculates current support/resistance levels
- Detects breakout conditions
- Stores results in a signal matrix
Dashboard Display Features
The indicator draws a live on-chart dashboard with:
1. Symbol List Panel
- Displays all selected trading pairs
- Clickable objects to switch chart symbol instantly
2. Timeframe Headers
- M1 → D1 columns displayed at top of dashboard
3. Signal Grid (Matrix View)
Each cell represents:
- BUY signal (green)
- SELL signal (red)
- Neutral state (silver/blank)
This creates a full market heatmap view across assets and timeframes
Alert System
The dashboard triggers alerts when breakout conditions are detected:
Supported Alert Types:
- Popup alerts ( Alert() )
- Push notifications ( SendNotification() )
- Sound alerts ( PlaySound() )
Anti-Spam Logic:
- Prevents duplicate alerts for the same signal within 60 seconds
Market Logic Summary
The system is built around market structure compression and expansion theory:
- Market forms swing-based structure
- Trendlines define compression zone (wedge)
- Price approaches boundary
- Breakout confirms directional expansion
- Signal is generated (BUY or SELL)
Trading Applications
This indicator is suitable for:
- Breakout trading strategies
- Trend continuation setups
- Multi-asset monitoring
- Scalping (M1–M15)
- Intraday trading (M15–H1)
- Swing trading (H4–D1)
Inputs Summary
Dashboard Settings
- Symbol selection list
- Swing sensitivity ( Dashboard_SwingBars )
- Colors for BUY / SELL / Neutral states
- Alert settings (popup, push, sound)
Chart Breakout Settings
- Swing detection sensitivity ( Wedge SwingBars )
- Arrow display toggle
- Trendline colors
Key Strength of the System
- Combines visual chart trading + institutional-style multi-symbol scanning
- Shows market strength across multiple timeframes in one view
- Automatically detects breakout opportunities without manual trendline drawing
- Provides both visual trade entries and analytical dashboard intelligence
Important Note
This indicator does not execute trades.
It is a decision support system designed to:
- Identify breakout conditions
- Visualize market structure
- Alert traders in real time
