Community

Breakout Indicators & Strategies

Enter when price leaves a range: channels, squeezes and opening-range breaks. 27 scripts written in Deepwick Script, a subset of Pine Script.

27 public scripts

Publish your own →
indicator

Break of Structure (BOS)

Break of Structure (BOS) marks the bar where price takes out the previous swing high (bullish) or swing low (bearish) in the direction of the prevailing trend. - Bullish BOS = new high beyond the last swing high; bearish BOS = new low beyond the last swing low. - Triangles plot on break; an optional confirmClose filter requires the candle to close beyond the level. - Use BOS, not random breakouts, to align with smart-money positioning. - A BOS in the direction of the prevailing trend is a continuation signal; against the trend it is the precursor to a CHoCH. - Default swing = 5 (works well on 1m–1h); raise to 10+ on daily charts for structural breaks. - Pair with a higher-timeframe trend filter (HTF swing) for cleanest signals. - A BOS that closes strongly (full body through the level) is far more reliable than one that only touches the level with its wick. - Toggle the triangle markers off via showArrows if you want a cleaner chart.

0 0