SignalFxPro Breackout
- Indicatori
- Md Mainul Islam
- Versione: 1.12
- Attivazioni: 20
📌 SignalFxPro Breakout — Non-Repainting Indicator
Overview:
The SignalFxPro Breakout is a non-repainting breakout arrow indicator designed to capture explosive price moves after consolidation. It automatically marks Buy (green arrow) and Sell (red arrow) signals directly on the chart, giving traders a clear and reliable visual cue for potential entries.
✨ Key Features
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✅ Non-Repainting Logic – signals confirmed only on closed bars, ensuring reliability.
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✅ Dynamic Breakout Detection – identifies breakouts of recent high/low ranges over a user-defined lookback period.
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✅ ATR Filter (optional) – filters false breakouts by requiring price to exceed a minimum ATR-based threshold.
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✅ Customizable Arrows – choose vertical offset in pips or ATR-based spacing for better chart readability.
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✅ Flexible Settings – adjust lookback bars, ATR multiplier, and minimum breakout range to fit your strategy.
⚙️ Inputs
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LookbackBars – number of bars to define breakout range.
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UseATRFilter – enable/disable ATR confirmation filter.
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ATRPeriod / ATRMultiplier – fine-tune ATR calculation for filtering weak breakouts.
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MinRangePips – minimum range (in pips) required before a breakout is valid.
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ArrowOffsetPips – controls how far arrows are plotted from the bar.
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ShowOnlyOnClose – ensures signals only appear after bar close (non-repaint).
📊 How It Works
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The indicator scans the previous N candles to calculate the highest high and lowest low.
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A bullish breakout is signaled if price closes above the high.
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A bearish breakout is signaled if price closes below the low.
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Optional ATR filter ensures the breakout has sufficient volatility strength.
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Buy/Sell arrows are then drawn clearly on the chart.
🎯 Use Cases
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Scalping breakout zones
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Swing trading after consolidation
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Confirmation tool for existing strategies
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Works on all symbols & timeframes
