What are trendlines with breaks indicator?

The trendlines with breaks indicator return pivot point based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method. Trendline breakouts occur in real-time and are not subject to backpainting.

What does a break above a trendline mean?

The price breaks above a trendline, which is confirmed by the Trendlines with Breaks Indicator, indicating a potential bullish signal. The indicator shows a clear and significant break above the trendline, with a substantial price move, indicating a strong bullish momentum.

What happens after a trendline break?

Once you have identified a confirmed trendline break, you can enter a trade in the direction of the breakout. For example, if the price breaks above a resistance trendline with confirmation from the indicator, you may consider placing a long trade. After a trendline break, it’s common to see price pullbacks to retest the broken trendline.