Breakout Channel Indicator Script For Tradingview Download

Breakout Trading Strategy

Use this breakout indicator to build a simple, working Breakout model. A breakout indicator is a trading tool used for finding key level strategies. This indicator seeks key support and resistance levels.

What is a Breakout?

A breakout is a stock price moving outside a defined support or resistance level with increased volume.

Directional Breakout Indicator

Price breakouts of a moving average alert traders to potential shifts in trend. The most familiar breakout occurs when the closing stock price crosses its moving average either to the upside or the downside, warning that a trend may be changing. That type of breakout often is accomplished with a single price bar.