Breakout Trend

TiltFolio Breakout Trend Indicator

The Breakout Trend Indicator by TiltFolio helps traders identify powerful price movements by combining Donchian Channel breakouts with short- and long-term trend filters.
Key Features:

• Donchian Channel Breakouts: Highlights bullish and bearish momentum as price breaks above recent highs or below recent lows.
  
• Trend Context: Includes customizable short- and long-term moving averages (SMA or EMA) to help filter trades in the direction of the broader trend.
  
• Breakout Memory: Remembers breakout states to avoid noise and maintain trend consistency.
  
• Bar Counter Display: Shows how many bars have passed since the most recent breakout, helping users assess trend strength and maturity.
  
• ATR Display: Built-in ATR (Average True Range) value offers a quick gauge of market volatility.
  
• Clean Visuals: Color-coded candles and optional channel lines keep the chart intuitive and uncluttered.
  

This indicator is ideal for trend-following traders looking to stay on the right side of momentum while avoiding common whipsaws. Works best on higher timeframes (e.g. 4H, Daily, Weekly).

Free and open — feel free to customize for your strategy.
Follow TiltFolio for model portfolios and signals built on systematic methods.