TheTimeCount

ChaosSN Breakout Signals v3

This signal indicator combines some key turning points including Fractals, Volume , Moving average and Momentum to try and pinpoint the moments a breakout or reversal is likely.

Purple Arrows:
Shows a possible breakout/breakdown is pending. Wait for the close and only pay attention to the most recent arrows. Place a long/short sell above or below the purple price line which will be generated at the time of the signal generated.

An ideal setup will include watching the AO/AC/Oscillator to make sure they align with the direction of the entry.

v2:
-Added labels to arrows
-Added optional rules for stricter fractal identification
-Added more toggling options to help with cleaner charting

v3:
-Added reversal signals
-Added Buy and Sell signals
Buy and Sells can be used on their own with the traditional stop losses. The ideal scenario would be to combine the Buy and Sell signals with a Fractal Breakout/Breakdown
Release Notes:
Added Fractal Price lines
Release Notes:
Added "PB Boost" signal -- signifies an identified pullback with a good likelihood of continuing the current trend.

A wonderful combination of signals which has a very high hit rate is:

-A "Buy" signal followed by
-A "Boost" signal followed by
-A breakout of a LONG Fractal

The long position would be placed at the breakout of the long fractal green line. The opposite is true for shorts.
Release Notes:
Add PB Boost Alarm
Release Notes:
v3.5 Update to reduce lag from the buy/sell signals.
Release Notes:
Added Trend MA and Divergence
Release Notes:
Updated Buy/Sell logic
Release Notes:
Integrated fractal SL overlay script into this one and updated the price bar logic
Release Notes:
Added back the trendMA

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact TheTimeCount for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

Warning: please read before requesting access.