Breakout Detection

Table of Content

Breakout Detection

TrendSpider automatically detects trend line breakouts and highlights them on the chart for you. Each breakout requires one full candlestick close through a trend line on a given timeframe.

For example, on a five-minute chart, a five-minute candlestick must close on the opposite side of a trend line in order for a breakout to be valid.

Breakouts appear as circles on a trend line. Red circles represent a breakdown, while green circles represent a breakout.

Breakout Detection

It’s easy to enable breakout detection:

  1. Click on the Highlight Breakouts button located just below the top menu bar next to the chart type and timeframe.
  2. Click the button again to toggle the setting on or off.