Intraday Channel Breakout Indicator

📌 Tri-Band Breakout Indicator

Plots three levels: Breakout Resistance (upper band), Breakout Support (lower band), and Main Support (mid-level) for trend analysis.

📌 Breakout Detection

Identifies when the price breaks above resistance (bullish signal) or below support (bearish signal).

📌 Price Behavior Analysis

Helps determine directional bias by observing price holding above or below the main support level.

📌 Clear Buy Conditions

Price stays above main support.
Candle closes above breakout resistance.
Stop-loss set below breakout support.
Exit when price returns below breakout resistance.

📌 Clear Sell Conditions

Price stays below main support.
Candle closes below breakout support.
Stop-loss set above breakout resistance.
Exit when price returns above breakout support.

📌 Ideal for Intraday Traders

Best for scalping and day trading strategies using price action and breakout logic.

📌 Works on Multiple Assets

Suitable for forex pairs, stocks, and commodities in MT4.

Input Settings & Controls

📌 Upper Level

The upper price threshold used as breakout resistance. Candles closing above it can flag a bullish breakout or session high breach.

📌 Lower Level

The lower price threshold used as breakout support. Candles closing below it can flag a bearish breakout or session low breach.

📌 Start Time

Session start filter. The indicator only evaluates/plots breakout logic from this time onward each day (useful for intraday sessions).

📌 End Time

Session end filter. The indicator stops evaluating/plotting after this time, keeping signals confined to your chosen trading window.

📌 Show Breakout Bars?

Toggle to highlight bars/candles that break the upper/lower thresholds (visual cues for quick spotting of valid breakouts).

Devices Supported

Device Type	Operating System	Compatibility with TradingView
💻 Windows Laptop/Desktop	Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11	✅ Fully supported via app
🍏 MacBook / iMac	macOS 10.15+	✅ Fully supported via app
📱 Android / Mobile	Android OS	❌ Not supported

Risk Disclaimer

TrendCharts.in and its associated products, services, software, and tools do not provide any offer or solicitation to buy or sell securities, futures, forex, commodities, or derivatives.
We are not SEBI Registered Investment Advisors or Research Analysts.
All materials are strictly for educational, informational, and paper trading & help in analysis purposes only.
We do not provide advice for Real Money Trade, tips, buy/sell recommendations, or investment strategies.
TrendCharts is solely involved in the development, sell, resale, and distribution of financial market software, datafeeds, indicators, scanners, and tools.
All our offerings are intended for testing strategies and educational evaluation only—not for real-money trading.
Users may utilize the software and tools for paper trading or strategy evaluation only.
If users apply our offerings to actual trading (knowingly or unknowingly), TrendCharts.in or its stakeholders bear no responsibility for any profit or loss.
Any such use is at the user’s sole discretion and risk.
We explicitly disclaim liability for any financial loss, trading loss, or damages resulting from:
Use of our software, tools, or services.
Decisions made based on any charts, indicators, AFLs, data, or analysis from our products.
All market data and content provided are subject to delays, inaccuracies, or errors.
Past performance (actual or hypothetical) is not indicative of future results.
Hypothetical or backtested performance may not reflect the impact of actual market conditions.
Trading and investing involve substantial financial risk and can result in loss of capital beyond the initial investment.
Users must use individual discretion and independent judgment while interpreting signals, strategies, or chart setups.
Automated signals or scanners are tools for evaluation—not trading instructions.
TrendCharts content does not account for personal financial conditions, goals, or investment profile.
Before making any financial decisions, consult with a licensed financial advisor or SEBI-registered professional.
Do not rely solely on any information presented on our site for actual trades.
Datafeeds and information may be delayed as per data vendor policies or exchange requirements.
We do not guarantee the real-time accuracy, timeliness, or completeness of such data.
No legal claim may be made against us or our data providers based on inaccuracies.
Any user testimonials are individual opinions and may not represent the typical user experience.
Hypothetical performance results involve inherent limitations and should not be relied upon for real-money decisions.
All opinions, data, signals, and analyses shared on the website are subject to change without notice.
TrendCharts reserves the right to modify tools, content, and services at its discretion.
Our software or product names are for branding purposes only and do not imply any market prediction or financial guarantee.
No claim is made regarding profitability from any software usage.
All content—charts, indicators, tools, or data—is designed for testing, analysis, and learning.
No real-money trading or investment recommendations are provided or supported.

Final Note: Trading in financial markets is speculative and may not be suitable for all investors. TrendCharts.in provides various automatic signal setups for Paper Trading & help in Analysis, it is not a “black box” system to be used without careful evaluation. Users must apply their judgment in filtering automated setups, particularly in relation to broader market trends. All trading decisions are solely the responsibility of the individual trader. Trading and investing involve risks, and losses are inevitable, So Kindly use only risk capital and never invest money you cannot afford to lose.