SilverHawk Trendline Breakouts

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SilverHawk Trendline Breakouts

This indicator automatically draws trendlines from recent pivot highs and lows, projecting them forward to identify potential breakouts.

Features:
• Dynamic trendline zones based on pivot points (wicks or body option)
• Breakout signals when price crosses the projected line
• Volatility-adjusted target (TP) lines
• Built-in alerts for bullish/bearish breakouts, TP hits, and SL hits

Settings:
• Period: lookback length for pivot detection (default 10)
• Type: Wicks or Body for pivot calculation
• Extend: projection length in bars (25, 50, or 75)
• Show Targets: toggle TP lines on/off

Best suited for H1 to H4 timeframes on Forex pairs or indices for trend continuation setups. Use with proper risk management and confirmation.

Educational tool only. Not financial advice. Trading involves risk.

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This indicator draws trendlines from recent pivot highs/lows and projects them forward to detect breakouts.

Features:
- Dynamic trendline zones (bullish/bearish/neutral bands)
- Breakout signals (triangle arrows) when price crosses the line
- Volatility-adjusted target (TP) and stop loss (SL) lines
- Configurable risk:reward ratio (default 1:2)
- Alerts for breakouts, TP hits, SL hits

Settings:
- Period: lookback for pivot detection (default 10)
- Type: Wicks or Body for pivots
- Extend: projection length (25, 50, 75 bars)
- Show Targets: toggle TP/SL lines
- Risk:Reward Ratio: 1:1, 1:2 (default), or 1:3

Best used on H1–H4 timeframes in Forex for trend continuation setups. Combine with risk management and confirmation.

Educational tool only. Not financial advice. Trading involves risk.