Trendline Break Indicator for Prorealtime
Catch the largest moves on the markets
Trendline Break Indicator for Prorealtime
Catch the largest moves on the markets
How will the Trendlines Breaker help you?
How will the Trendlines Breaker help you?
Let’s be clear. The markets are there to take your money. If you trade without a good strategy, you cannot get out of it. You are condemned to buy and sell your favorite stocks at the worst time.
The TrendLines Breaker indicator will help you know when to buy and sell the market. It detects trendline breakouts that are often followed by durable price moves.
By taking a position at this time, you will benefit from the full amplitude of the move. You can generate regular profits with only two or three trades per year.
Key Features
Get reliable signals
The TrendLines Breaker indicator detects bullish and bearish breakouts of trend lines. You will buy and sell the market at the best time.
Follow the trend
An implemented trend filter allows bullish and bearish trend following. You will significantly increase your success rate and expected gains.
Profit from reversals
The indicator implements a reversal trend filter detecting the beginning of new trends. You will capitalize on large price movements.
Improve your performance
The indicator contains filters to select the best signals. You will focus on the opportunities with the most potential.
Manage your risk
The indicator displays the targets and stop-loss on the chart. You will limit your losses and maximize your gains.
Real-time opportunities
A market scanner is provided with the indicator. You will detect buying and selling opportunities in real-time.
Try the indicator for Free
Start a FREE TRIAL with the TrendLines Breaker today. You will access the indicator’s complete functionalities.
Install the indicator on Prorealtime
The TrendLines Breaker is available on the Prorealcode marketplace. After you get a license, you will access the indicator and scanner on your Prorealtime platform.
Available Brokers
The TrendLines Breaker indicator works on all versions of Prorealtime. You can install the indicator on every broker providing this platform:
Why trade trendline breakouts?
A trendline is a tool for identifying and tracking market direction. It connects successive troughs or peaks of a trend, forming a straight line. It can be used on different time frames, from short terms (minutes, hours) to long terms (days, weeks, months). They apply to stocks as well as indices or ETFs.
Trendlines work like horizontal supports and resistances. They are key price levels that traders closely watch. Significant price movements often follow the trendline breakouts.
The trendline breakouts will allow you to capitalize on large price movements
Buy and sell at the best time
The TrendLines Breaker indicator will help you trade trendlines on your Prorealtime platform. It detects trendline breakouts and displays signals on your charts. You can select four types of signals in the indicator settings:
Buying Signals
- Descending trendline breakouts
- Descending trendline retests
Short-Selling Signals
- Ascending trendline breakouts
- Ascending trendline retests
You will buy and short-sell the market at the best time
Trendline Breakouts
A breakout occurs when the price crosses a trendline. A bullish breakout indicates a buying signal and a bearish breakout indicates a short-selling signal. The indicator detects trendline breakouts and displays the signals on the chart.
You will buy and short-sell the market at the best time
Trendline Retests
A retest occurs when the price returns to the trendline after breaking it. This provides an opportunity to strengthen a position or open a new one. The indicator detects the retest of the trendlines. It displays the signals on the chart.
You will reinforce a position or open a new entry
Trade in the trend
Trend following is one of the most profitable strategies. It consists of opening positions in the market’s direction: buying bullish markets and selling bearish markets. It is simple, and it works!
Trading in the trend will increase your success rate and expected profit per trade. By following the trend, you can pyramid your position and gradually raise your stop-loss. This significantly increases your profit and reduces the risk.
The TrendLines Breaker indicator provides a trend filter. By checking the “in the Trend” box, the indicator will only display buy and sell signals in the trend.
You will benefit from bull and bear markets
Uptrend continuation
Markets never rise in a straight line. There are periods of consolidation. These periods of slight declines reveal short-term bearish trend lines. It is precisely the break of these lines that signals the resumption of the uptrend.
The TrendLines Breaker indicator will display this buy signal on your chart.
You will benefit from the uptrend continuation
Downtrend continuation
Similar to bullish cycles, bear markets are interspersed with technical rebounds. These rebounds reveal short-term uptrend lines. Their downward break indicates the resumption of the downtrend.
The TrendLines Breaker indicator will display this short-sell signal on your charts.
You will benefit from the downtrend continuation
Take advantage of trend reversals
Trend reversal consists of capitalizing on the change of a long-term trend. This strategy can be very profitable with minimal mastery and good tools.
The TrendLines Breaker indicator provides a reversal trend filter. By checking the “Reversal” box, the indicator will only display the trendlines in a counter-trend.
This allows you to open a position at the beginning of a new trend and take advantage of the movement’s entire amplitude.
You will take advantage of bullish and bearish reversals
Bullish Reversal
Buying stocks you have been following for so long can be tempting during a bear market. However, buying a bear market is extremely dangerous because you never know how far the decline will go. That said, major indices and stocks with solid fundamentals will recover someday.
The bearish trendlines will help you take advantage of the uptrend resumption. The buying signal is given when the price breaks up a descending trendline.
The TrendLines Breaker indicator will display the buying signals on your charts.
You will take advantage of bullish reversals
Bearish Reversal
Markets cannot go up forever. Sooner or later, bad news will cause a decline or a crash. A bearish reversal occurs when a bull market becomes bearish.
The long-term trendlines will help you open entries during a bearish trend reversal. The short-selling signal is given when the price breaks down a rising trendline.
The TrendLines Breaker indicator will display short-sell signals on your charts.
You will take advantage of bearish reversals
Improve your performance
Although trendline breakouts give excellent signals, you can improve the performance of this strategy. The TrendLines Breaker indicator allows you to confirm the signals with breakout validation and volumes.
You will focus on the most promising signals
Validation of the breakouts and retests
Sometimes, breakouts do not hold. The price breaks a trendline and then retraces. This is called a false breakout. A good way to avoid false breakouts is to wait for the signal to validate. To do this, you must wait for the price following the breakout to close in the same direction.
The TrendLines Breaker indicator contains options that allow you to keep only validated breakout and retest signals.
You will increase your probability of success
Signal Confirmation
Market fluctuations can sometimes create temporary breakouts and give false signals. That is why confirming a signal before opening a position is essential. Volume is an excellent indicator of buying and short-selling confirmation.
The TrendLines Breaker indicator allows you to filter signals with volumes.
You will focus on the signals with the most potential for gains
Manage your risk
Risk management is fundamental in trading. No strategy can be a winner in 100% of cases. The TrendLines Breaker indicator will help you control your risk.
It displays the predetermined take profit and stop-loss levels, calculated according to the technical configuration surrounding the signal.
You will optimize your gains and limit the losses
Customize the indicator to your needs
The TrendLines Breaker indicator is entirely customizable. You can select the type of lines, define their length, set the signal filters, adjust the targets and the stoploss levels, and configure the display.
You will adapt the indicator to your strategy
Find Real-Time Opportunities
Trading Alerts
You can create trading alerts from the TrendLines Breaker indicator. You will be noticed in real-time in case of bullish or bearish trendline breakouts. Prorealtime’s alert system works on all types of assets in all time frames.
You will never miss a trendline breakout again
Market Scanner
Today, nearly 200,000 assets are listed on the market. Finding trading opportunities can become very time-consuming. The TrendLines Breaker indicator is provided with a market scanner.
It will help you find real-time market opportunities. The screener works on all types of assets and all time frames.
You will find opportunities for day-trading and swing-trading
Here is an example of trendline breakout opportunities discovered by the TrendLines Breaker screener:
Backtest your strategy
The indicator is perfectly integrable in a backtest. I provide a source code you can copy and paste into the Prorealtime platform. You will backtest your strategies or create trader bots easily.
The following strategy generated more than €9,106 in profits with a capital of €10,000 by opening only four swing positions from 2020 to 2024:
Online Documentation
I provide complete documentation describing the usage and setting of the indicator. You can consult this documentation at any time on these pages:
Try the indicator for Free
Start a FREE TRIAL with the TrendLines Breaker today. You will access the indicator’s complete functionalities.
Install the indicator on Prorealtime
The TrendLines Breaker is available on the Prorealcode marketplace. After you get a license, you will access the indicator and scanner on your Prorealtime platform.