Trendline Breakouts With Targets [ omerprıme ]

Indicator Explanation (English)

This indicator is designed to detect trendline breakouts and provide early trading signals when the price breaks key support or resistance levels.

Trendline Detection

The indicator identifies recent swing highs and lows to construct dynamic trendlines.

These trendlines act as support in an uptrend and resistance in a downtrend.

Breakout Confirmation

When the price closes above a resistance trendline, the indicator generates a bullish breakout signal.

When the price closes below a support trendline, it generates a bearish breakout signal.

Filtering False Signals

To reduce false breakouts, additional conditions (such as candle confirmation, volume filters, or price momentum) can be applied.

Only significant and confirmed breakouts are highlighted.

Trading Logic

Buy signals are triggered when the price breaks upward through resistance with confirmation.

Sell signals are triggered when the price breaks downward through support with confirmation.