Custom Multiple SMAs

The Custom Breakout Indicator provides visual guidance for identifying entry and exit signals within the BreakoutCatcher strategy. It consists of a fan of multiple Simple Moving Averages (SMAs) that make current market conditions visually accessible:

• Flat, tightly clustered fan → Market is consolidating
  
• First candle closing outside the fan → Potential entry signal (breakout)
  
• Wide, rapidly expanding fan → Market is overheated, avoid entries
  

Additionally, the indicator displays a yellow trendline (EMA 100) as an overarching trend filter:

• Price above EMA 100 → Consider only long signals
  
• Price below EMA 100 → Consider only short signals
  

🔗 Part of the BreakoutCatcher strategy – available at: twn-trading.com
✔️ Fully functional on all timeframes