Trendlines with Breakouts

Trendline Breakout is one of the most common signals of a trend reversal. Along with any volume filter, this indicator can make a great strategy. This indicator plots upper and lower trendlines, and signal breakouts which may indicate a trend reversal. When volume is low, this could reduce the significant of the signal. The indicator also will change the color of the breakout after few candles to Gold if the signal was confirmed. This is good feature for trading waiting for confirmation before entry.