This Indicator can be used on any Forex pair!
The EURUSD Breakout indicator is a comprehensive technical analysis tool designed for the 15M, 30M, 1H, 2H ...-Chart that identifies high-probability breakout trading opportunities using multiple confirmation methods.
This indicator generates buy and sell signals based on price breaking through calculated support and resistance levels, while requiring confirmation from:
- Current timeframe trend (using a 50-period EMA)
- Higher timeframe trend alignment (using a 20-period EMA on a 1-hour chart)
- Above-average volume (1.5x normal volume)
- Volatility-adjusted breakout levels (using ATR)
All signals are clearly displayed directly on the chart with color-coded markers and labels. The indicator is fully customizable with seven parameters to adjust sensitivity based on market conditions and trading preferences.
By requiring alignment between multiple timeframes and confirmation factors, this indicator produces fewer but higher-quality signals, helping to filter out false breakouts and identify stronger trading opportunities in the EURUSD pair.
