BreakOutLines Pro
- Indicatori
- Magdalena Estefania Colonna
- Versione: 1.0
- Attivazioni: 5
BreakoutLines Pro — Pivot Breakout Levels for XAUUSD
BreakoutLines Pro is a precision indicator designed specifically for Gold (XAUUSD) traders who operate with a structured approach and well-defined risk. Based on automatic pivot detection, it identifies the most relevant swing highs and lows on the chart and projects complete trading setups—Entry, Stop Loss, and up to three Take Profit levels—directly onto the price, with value labels for immediate reference.
How Does It Work?
The indicator scans the chart in real time to detect confirmed Pivot Highs and Pivot Lows, using a configurable bar window. Once a pivot point is validated, it automatically calculates:
Entry Line — The exact breakout level on the high pivot point (SELL) or low pivot point (BUY)
Stop Loss — Calculated dynamically using ATR (Average True Range), adapting to current market volatility
TP1 / TP2 / TP3 — Three independent profit targets based on customizable Risk:Reward ratios (default 1R, 2R, and 3R)
Each setup is drawn with clean horizontal lines and price labels positioned to the right of the last candle, keeping the chart neat and easy to read. Up to 3 setups can be displayed simultaneously.
Visual Design — Optimized for XAUUSD
BreakoutLines Pro automatically applies a custom dark theme to the chart upon loading, optimized for gold trading sessions:
Deep dark blue background with subtle grid lines
Bullish candles in dark blue — Bearish candles in white
Color-coded setup lines: Entry (blue/white), SL (red), TP1 (light blue/silver), TP2 (sea green), TP3 (green)
Main Parameters
Parameter Description
Lookback Bars Bars used to confirm a swing high or low
Maximum Signals Number of setups visible on screen (1–3)
RR1 / RR2 / RR3 Risk Multipliers: Reward for each TP
ATR Period Period for calculating the SL based on volatility
ATR Multiplier Adjusts the distance of the SL relative to the ATR
Offset Labels Distance of the labels from the last candle
Ideal For
Traders Price action and breakouts in XAUUSD
Traders using fixed Risk:Reward timeframes
Multi-objective management (partial closes at TP1, TP2, and TP3)
Any timeframe — M15, H1, H4, Daily
