AlgoPilotX - Breakout & Breakdown Meter

The AlgoPilotX – Breakout & Breakdown Meter is a trader’s tool that detects Fair Value Gaps (FVGs), highlights pullback confirmations, and plots breakouts above resistance or breakdowns below support.

It also includes a market condition info panel with RSI, MACD, Bollinger Bands, and EMA signals so you can quickly gauge momentum, trend, and overbought/oversold conditions.

This makes it ideal for traders who want to catch strong breakouts early while still keeping track of trend context.

📘 How to Use
1. Use on 15m timeframe by default (adjustable).
2. The first session candle sets support and resistance.
3. Watch for arrows:

• Light green arrow (▲) below candle → Potential breakout long entry (Fair Value Gap detected).
  
• Dark green arrow (▲) below candle → Strong breakout confirmation after pullback.
  
• Light red arrow (▼) above candle → Potential breakdown short entry (Fair Value Gap detected).
  
• Dark red arrow (▼) above candle → Strong breakdown confirmation after pullback.
  

Larger arrows = higher confidence signals.

4. Use the Info Panel for quick market context:

• RSI → momentum direction.
  
• MACD → trend confirmation.
  
• Bollinger Bands → overbought/oversold conditions.
  
• EMA 20 & EMA 50 → trend bias.
  

5. Combine with your own price action, volume, or risk management before executing trades.

⚠️ Disclaimer
This indicator is designed as a technical analysis tool. It does not provide financial advice and does not guarantee profitable trades. Always backtest, paper trade, and use proper risk management before live trading.