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Breakout Trend Lines Free


A free indicator for quickly detecting a breakout of the trend line, as well as the high or low of the price range. It displays lines by the highs and lows of the price, and also finds and shows slanted trend lines. As soon as the price goes beyond the line and the candle closes, the indicator signals this with an arrow (you can also turn on an alert). This indicator is easy to use and also free. The number of candles to determine the trend lines, as well as the high and low of the trading range can be adjusted. It only works on the H1 timeframe, if you need other timeframes, use the full version of the indicator:

Also, there is a version for the MT4 platform: 

  • TradingRange – the number of bars in the trading range where the highs and lows will be determined;
  • Distance – the minimum distance from one maximum (minimum) to another for building trend lines;
  • Shift-shift to determine the breakout, relative to the trading range;
  • EnableAlert – enables and disables alerts (true-enabled);
  • TrendLinesColor – color of trending slanted lines;
  • HorizontalLinesColor – the color of the horizontal lines (based on the highs and lows of the price).

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