5 Candle Breakout Indicator
TradingView Pine Script Buy Sell Signal Non Repaint Indicator
ā” 5 Candle Box Breakout Indicator ā Smart Session-Based Breakout System
Professional breakout detector using 5-candle price boxes, session filtering, volume-spread logic, and unique pips-move lock to avoid noise and fake signals.
How It Works:
š¹ 5-Candle Box ā Auto-builds breakout zone using 5 candles' high/low range š¹ Session Filter ā Trade only during high-liquidity hours (default: London session, optional ON/OFF) š¹ Smart Breakout ā Signal fires only on candle close above/below box (no wick fakeouts) š¹ Big Spread + Low Volume Filter ā Detects stop-hunt moves, filters weak breakouts (optional) š¹ Pips-Move Lock ā After signal, indicator locks until price moves X pips (prevents spam, unique feature)
Built-In Features: ā Live stats dashboard (total/buy/sell signals) ā Clear Buy/Sell arrows ā Session-based trading logic ā Non-repainting signals ā Custom alerts (triggers on candle close) ā Fully adjustable settings
Perfect For:
Intraday & breakout traders
Forex session traders
Those wanting fewer, high-quality signals
Traders avoiding over-trading
ā Not for: High-frequency scalping, blind signal following
ā ļø Disclaimer: Educational tool only. Trading involves risk. Always backtest and use proper risk management. No guaranteed profits.
š„ Fewer signals. Better context. Disciplined breakouts.
