Trend Break Target

8월 17일

The Trend Break Target indicator helps traders identify and trade potential breakout opportunities with precision. It offers the following key benefits:

Customizable Trend Anchors

Allows traders to set specific start and end dates for the trendline, ensuring analysis is aligned with chosen time windows.

Supports different price sources (High, Low, Close) to fit diverse trading styles.

Automatic Trendline Projection

Dynamically plots a trendline between selected anchor points and extends it forward, providing a clear visual guide for future price interactions.

Breakout Detection

Instantly detects when price breaks above or below the trendline.

Plots breakout markers (▲ / ▼) directly on the chart to highlight actionable trade signals.

Pivot-Based Target Calculation

Uses the nearest valid pivot high/low before the breakout (or a fallback lookback if unavailable).

Measures the distance between the pivot and the trendline, then projects a target price in the breakout direction.

Clear Visual Targets

Draws a dotted target line to show where price may reach after the breakout.

Adds a connector line from breakout to target and a measurement line from pivot to trendline, improving clarity of the setup.

Automatic Reset & Efficiency

Resets calculations when new anchors are applied, keeping charts clean and reducing noise.

Deletes old lines and labels automatically to optimize chart readability.

Strategic Trade Planning

Helps traders quickly identify risk-reward opportunities by visualizing breakout levels and price targets.

Useful for trend continuation as well as reversal trading strategies.

👉 In short, the FTBT indicator provides a structured way to analyse trendlines, confirm breakouts, and project realistic price targets—making it a powerful tool for both discretionary and systematic traders.

8월 30일

릴리즈 노트

This indicator is based on classic technical analysis principles:
Drawing a trend line between two key points to represent dynamic support or resistance.
A breakout occurs when the price closes above or below this line, potentially signaling a change in trend.
The price target is calculated by measuring the distance between the breakout line and the last high/low (pivot), then projecting the same distance in the direction of the breakout.
This concept is based on methods explained in classic books such as:
Edwards & Magee - Technical Analysis of Stock Trends,
John Murphy - Technical Analysis of the Financial Markets,
and also in Thomas Bulkowski's Price Pattern Studies.

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The Trend Break Target indicator helps traders identify and trade potential breakout opportunities with precision. It offers the following key benefits:

Customizable Trend Anchors

Allows traders to set specific start and end dates for the trendline, ensuring analysis is aligned with chosen time windows.

Supports different price sources (High, Low, Close) to fit diverse trading styles.

Automatic Trendline Projection

Dynamically plots a trendline between selected anchor points and extends it forward, providing a clear visual guide for future price interactions.

Breakout Detection

Instantly detects when price breaks above or below the trendline.

Plots breakout markers (▲ / ▼) directly on the chart to highlight actionable trade signals.

Pivot-Based Target Calculation

Uses the nearest valid pivot high/low before the breakout (or a fallback lookback if unavailable).

Measures the distance between the pivot and the trendline, then projects a target price in the breakout direction.

Clear Visual Targets

Draws a dotted target line to show where price may reach after the breakout.

Adds a connector line from breakout to target and a measurement line from pivot to trendline, improving clarity of the setup.

Automatic Reset & Efficiency

Resets calculations when new anchors are applied, keeping charts clean and reducing noise.

Deletes old lines and labels automatically to optimize chart readability.

Strategic Trade Planning

Helps traders quickly identify risk-reward opportunities by visualizing breakout levels and price targets.

Useful for trend continuation as well as reversal trading strategies.

👉 In short, the TBT indicator provides a structured way to analyse trendlines, confirm breakouts, and project realistic price targets—making it a powerful tool for both discretionary and systematic traders.

Update : Lines and labels have been simplified for easy reading.