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Trendlines with Breaks Scanner MT4

5

The Trendlines with Breaks Scanner is a state-of-the-art trading tool designed to help traders identify critical trends and detect breakouts in real time. With automatically generated pivot-point-based trendlines, this indicator empowers traders to seize trading opportunities with precision and confidence.

See more MT5 version at: Trendlines with Breaks Scanner MT5

See more products at: All Products

Key Features

1. Real-Time Breakout Detection

  • Breakout Alerts: Get notified instantly when price breaks through a trendline. Integrated alerts ensure you never miss a critical market move.
  • Non-Backpainting Breakouts: Breakouts are detected as they happen, providing accurate and reliable signals without backpainting.
2. Automatic and Customizable Trendlines
  • Dynamic Trendlines: Automatically drawn trendlines based on pivot points for effortless trend identification.
  • Adjustable Steepness: Customize the steepness of trendlines to align with your unique trading strategy.
3. Multiple Slope Calculation Methods
  • ATR (Average True Range): Produces stable and consistent trendlines, ideal for less volatile markets.
  • Stdev (Standard Deviation): Perfect for capturing trends in highly volatile markets.
  • Linreg (Linear Regression): Statistically modeled trendlines, best suited for longer-term trend analysis.
4. Multi-Pair and Multi-Timeframe Scanning
  • Pair Scanning: Monitor and analyze multiple pairs simultaneously.
  • Cross-Timeframe Detection: Identify breakouts across various timeframes, from 1-minute charts to daily and weekly intervals, offering flexibility for all trading styles.
How to Use

The Trendlines with Breaks Scanner is compatible with any trading methodology, allowing traders to pinpoint breakouts and anticipate future price movements.

Enhanced Accuracy with Slope Calculation Methods
  • ATR: Provides stable trendlines with fewer false signals.
  • Stdev: Optimized for volatile markets, capturing quick trend changes.
  • Linreg: Ideal for longer-term and steady trend forecasting.
Customizable Backpainting
  • Default Mode: Trendlines are backpainted (offset into the past) to analyze historical price action.
  • Real-Time Mode: Disable backpainting for live trendline updates and breakout detection.
Settings Overview
Setting Description
Length Defines the pivot point period for trendline generation.
Slope Adjusts the steepness of trendlines. Values greater than 1 create steeper lines.
Slope Calculation Method Select the method for slope calculation: ATR, Stdev, or Linreg.
Backpaint Toggle backpainting on or off to switch between historical and real-time trendline analysis.
Scanner Settings Choose specific forex pairs for scanning breakout signals.
Alerts Enable alerts for real-time breakout detection.
Why Choose Trendlines with Breaks Scanner?

The Trendlines with Breaks Scanner is more than a trendline tool—it’s your comprehensive trading assistant. With its real-time breakout alerts, customizable trendline features, and multi-pair scanning capabilities, this indicator ensures you stay ahead in the fast-moving market.

Whether you're a day trader or a long-term investor, this tool provides the insights needed to make informed decisions and maximize trading potential.


Reviews 1
XANKEEZ
241
XANKEEZ 2025.01.03 10:03 
 

i've found significant success combining Trendline with Breaks with Kalman Trend Levels. Kalman helps me identify the primary market direction, while Trendline with Breaks provide precise entry and exit signals. a big thanks to the author for hard work!

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XANKEEZ
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XANKEEZ 2025.01.03 10:03 
 

i've found significant success combining Trendline with Breaks with Kalman Trend Levels. Kalman helps me identify the primary market direction, while Trendline with Breaks provide precise entry and exit signals. a big thanks to the author for hard work!

Duc Hoan Nguyen
15126
Reply from developer Duc Hoan Nguyen 2025.01.03 15:27
Thank you for your review and for sharing your experience!
Glad to hear the indicator has been helpful.
Wishing you continued success!
Reply to review
Version 2.0 2024.12.31
- Optimized the algorithm to make the indicator a little faster.
- Improved user experience with the dashboard.
- Added the feature to hide/show indicator on the current chart.