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BREAKOUT PATTERN SETUP Trading Guide

Last updated: July 22, 2026

The Breakout Pattern Setup is a quantitative technical analysis tool. Breakout Pattern Setup Pine v6 port for the Plotwise custom indicator engine. Implemented features:

What does the indicator show?

  • Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
  • BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
  • Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

  • Pivot Detection Length (pivotLength): Controls the calculation period and sensitivity for market detection.
  • Min Touches per Boundary (minTouches): Controls the calculation period and sensitivity for market detection.
  • Max Channel Width (bars) (maxChannelBars): Controls the calculation period and sensitivity for market detection.
  • Min Convergence Rate (minConvergence): Controls the calculation period and sensitivity for market detection.
  • Touch Tolerance (ATR) (touchToleranceAtr): Controls the calculation period and sensitivity for market detection.
  • Max Deviation (ATR) (maxDeviationAtr): Controls the calculation period and sensitivity for market detection.
  • Min Channel Width (ATR) (minChannelWidthAtr): Controls the calculation period and sensitivity for market detection.
  • Volume Spike Mult (volumeSpikeMult): Controls the calculation period and sensitivity for market detection.
  • Volume Contraction Filter (volumeContractionFilter): Controls the calculation period and sensitivity for market detection.
  • Momentum Confirmation (momentumConfirmation): Controls the calculation period and sensitivity for market detection.
  • Show Channel Patterns (showPatterns): Controls the calculation period and sensitivity for market detection.
  • Show Breakout Signals (showSignals): Controls the calculation period and sensitivity for market detection.
  • Show Channel Fill (showFill): Controls the calculation period and sensitivity for market detection.
  • Show Trade Levels (showTradeLevels): Controls the calculation period and sensitivity for market detection.
  • SL Padding (ATR) (slPaddingAtr): Controls the calculation period and sensitivity for market detection.
  • Pattern History (historyMode): Controls the calculation period and sensitivity for market detection.
  • Show Dashboard (showDashboard): Controls the calculation period and sensitivity for market detection.
  • Dashboard Position (dashPosition): Controls the calculation period and sensitivity for market detection.
  • Label Offset (bars) (labelOffset): Controls the calculation period and sensitivity for market detection.
  • Line Width (lineWidth): Controls the calculation period and sensitivity for market detection.
  • Bull Color (bullColor): Controls the calculation period and sensitivity for market detection.
  • Bear Color (bearColor): Controls the calculation period and sensitivity for market detection.
  • Neutral Color (neutralColor): Controls the calculation period and sensitivity for market detection.
  • Entry Color (entryColor): Controls the calculation period and sensitivity for market detection.
  • Stop Color (stopColor): Controls the calculation period and sensitivity for market detection.
  • TP Color (tpColor): Controls the calculation period and sensitivity for market detection.
  • TP Hit Color (tpHitColor): Controls the calculation period and sensitivity for market detection.
  • Upper Boundary (upperLine): Controls the calculation period and sensitivity for market detection.
  • Lower Boundary (lowerLine): Controls the calculation period and sensitivity for market detection.
  • Long Signal (longSignal): Controls the calculation period and sensitivity for market detection.
  • Short Signal (shortSignal): Controls the calculation period and sensitivity for market detection.
  • Pattern Detected (patternDetected): Controls the calculation period and sensitivity for market detection.
  • Active Channel (channelActive): Controls the calculation period and sensitivity for market detection.
  • Trade Open (tradeOpen): Controls the calculation period and sensitivity for market detection.
  • Breakout Direction (breakoutDir): Controls the calculation period and sensitivity for market detection.
  • Entry (entryLine): Controls the calculation period and sensitivity for market detection.
  • Active Stop (stopLine): Controls the calculation period and sensitivity for market detection.
  • Original Stop (stopOrigLine): Controls the calculation period and sensitivity for market detection.
  • TP1 (tp1Line): Controls the calculation period and sensitivity for market detection.
  • TP2 (tp2Line): Controls the calculation period and sensitivity for market detection.
  • TP3 (tp3Line): Controls the calculation period and sensitivity for market detection.
  • TP1 Hit (tp1HitEvent): Controls the calculation period and sensitivity for market detection.
  • TP2 Hit (tp2HitEvent): Controls the calculation period and sensitivity for market detection.
  • TP3 Hit (tp3HitEvent): Controls the calculation period and sensitivity for market detection.
  • Stop Hit (stopHitEvent): Controls the calculation period and sensitivity for market detection.
  • Bull Probability (bullProb): Controls the calculation period and sensitivity for market detection.
  • Strength Score (strengthScore): Controls the calculation period and sensitivity for market detection.
  • Strength Tier (strengthTier): Controls the calculation period and sensitivity for market detection.
  • R:R TP1 (rrTp1): Controls the calculation period and sensitivity for market detection.
  • Convergence Rate (convergenceRate): Controls the calculation period and sensitivity for market detection.
  • Volume Contraction (volContraction): Controls the calculation period and sensitivity for market detection.
  • Long Signal (longSignal): Controls the calculation period and sensitivity for market detection.
  • Short Signal (shortSignal): Controls the calculation period and sensitivity for market detection.
  • Pattern Detected (patternDetected): Controls the calculation period and sensitivity for market detection.
  • Channel Active (channelActive): Controls the calculation period and sensitivity for market detection.
  • Trade Open (tradeOpen): Controls the calculation period and sensitivity for market detection.
  • TP1 Hit (tp1HitEvent): Controls the calculation period and sensitivity for market detection.
  • TP2 Hit (tp2HitEvent): Controls the calculation period and sensitivity for market detection.
  • TP3 Hit (tp3HitEvent): Controls the calculation period and sensitivity for market detection.
  • Stop Hit (stopHitEvent): Controls the calculation period and sensitivity for market detection.
  • Upper Boundary (upperLine): Controls the calculation period and sensitivity for market detection.
  • Lower Boundary (lowerLine): Controls the calculation period and sensitivity for market detection.
  • Entry Level (entryLine): Controls the calculation period and sensitivity for market detection.
  • Active Stop (stopLine): Controls the calculation period and sensitivity for market detection.
  • Original Stop (stopOrigLine): Controls the calculation period and sensitivity for market detection.
  • TP1 Level (tp1Line): Controls the calculation period and sensitivity for market detection.
  • TP2 Level (tp2Line): Controls the calculation period and sensitivity for market detection.
  • TP3 Level (tp3Line): Controls the calculation period and sensitivity for market detection.
  • Breakout Direction (breakoutDir): Controls the calculation period and sensitivity for market detection.
  • Bull Probability (bullProb): Controls the calculation period and sensitivity for market detection.
  • Strength Score (strengthScore): Controls the calculation period and sensitivity for market detection.
  • Strength Tier (strengthTier): Controls the calculation period and sensitivity for market detection.
  • R:R TP1 (rrTp1): Controls the calculation period and sensitivity for market detection.
  • Convergence Rate (convergenceRate): Controls the calculation period and sensitivity for market detection.
  • Volume Contraction (volContraction): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

  • longSignal - Long Signal event signal.
  • shortSignal - Short Signal event signal.
  • patternDetected - Pattern Detected event signal.
  • channelActive - Active Channel event signal.
  • tradeOpen - Trade Open event signal.
  • tp1HitEvent - TP1 Hit event signal.
  • tp2HitEvent - TP2 Hit event signal.
  • tp3HitEvent - TP3 Hit event signal.
  • stopHitEvent - Stop Hit event signal.
  • longSignal - Long Signal event signal.
  • shortSignal - Short Signal event signal.
  • patternDetected - Pattern Detected event signal.
  • channelActive - Channel Active event signal.
  • tradeOpen - Trade Open event signal.
  • tp1HitEvent - TP1 Hit event signal.
  • tp2HitEvent - TP2 Hit event signal.
  • tp3HitEvent - TP3 Hit event signal.
  • stopHitEvent - Stop Hit event signal.

2. Filters and Trade Levels

  • pivotLength - Pivot Detection Length value used for structural qualification or thresholds.
  • minTouches - Min Touches per Boundary value used for structural qualification or thresholds.
  • maxChannelBars - Max Channel Width (bars) value used for structural qualification or thresholds.
  • minConvergence - Min Convergence Rate value used for structural qualification or thresholds.
  • touchToleranceAtr - Touch Tolerance (ATR) value used for structural qualification or thresholds.
  • maxDeviationAtr - Max Deviation (ATR) value used for structural qualification or thresholds.
  • minChannelWidthAtr - Min Channel Width (ATR) value used for structural qualification or thresholds.
  • volumeSpikeMult - Volume Spike Mult value used for structural qualification or thresholds.
  • volumeContractionFilter - Volume Contraction Filter value used for structural qualification or thresholds.
  • momentumConfirmation - Momentum Confirmation value used for structural qualification or thresholds.
  • showPatterns - Show Channel Patterns value used for structural qualification or thresholds.
  • showSignals - Show Breakout Signals value used for structural qualification or thresholds.
  • showFill - Show Channel Fill value used for structural qualification or thresholds.
  • showTradeLevels - Show Trade Levels value used for structural qualification or thresholds.
  • slPaddingAtr - SL Padding (ATR) value used for structural qualification or thresholds.
  • historyMode - Pattern History value used for structural qualification or thresholds.
  • showDashboard - Show Dashboard value used for structural qualification or thresholds.
  • dashPosition - Dashboard Position value used for structural qualification or thresholds.
  • labelOffset - Label Offset (bars) value used for structural qualification or thresholds.
  • lineWidth - Line Width value used for structural qualification or thresholds.
  • upperLine - Upper Boundary value used for structural qualification or thresholds.
  • lowerLine - Lower Boundary value used for structural qualification or thresholds.
  • breakoutDir - Breakout Direction value used for structural qualification or thresholds.
  • entryLine - Entry value used for structural qualification or thresholds.
  • stopLine - Active Stop value used for structural qualification or thresholds.
  • stopOrigLine - Original Stop value used for structural qualification or thresholds.
  • tp1Line - TP1 value used for structural qualification or thresholds.
  • tp2Line - TP2 value used for structural qualification or thresholds.
  • tp3Line - TP3 value used for structural qualification or thresholds.
  • bullProb - Bull Probability value used for structural qualification or thresholds.
  • strengthScore - Strength Score value used for structural qualification or thresholds.
  • strengthTier - Strength Tier value used for structural qualification or thresholds.
  • rrTp1 - R:R TP1 value used for structural qualification or thresholds.
  • convergenceRate - Convergence Rate value used for structural qualification or thresholds.
  • volContraction - Volume Contraction value used for structural qualification or thresholds.
  • upperLine - Upper Boundary value used for structural qualification or thresholds.
  • lowerLine - Lower Boundary value used for structural qualification or thresholds.
  • entryLine - Entry Level value used for structural qualification or thresholds.
  • stopLine - Active Stop value used for structural qualification or thresholds.
  • stopOrigLine - Original Stop value used for structural qualification or thresholds.
  • tp1Line - TP1 Level value used for structural qualification or thresholds.
  • tp2Line - TP2 Level value used for structural qualification or thresholds.
  • tp3Line - TP3 Level value used for structural qualification or thresholds.
  • breakoutDir - Breakout Direction value used for structural qualification or thresholds.
  • bullProb - Bull Probability value used for structural qualification or thresholds.
  • strengthScore - Strength Score value used for structural qualification or thresholds.
  • strengthTier - Strength Tier value used for structural qualification or thresholds.
  • rrTp1 - R:R TP1 value used for structural qualification or thresholds.
  • convergenceRate - Convergence Rate value used for structural qualification or thresholds.
  • volContraction - Volume Contraction value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.

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