Kozlod - Channel Break Out Alerts
Mar 16, 2018
The Kozlod - Channel Break Out Alerts indicator identifies breakouts from price channels formed by periodic highs and lows, providing visual signals and alerts for potential trend shifts.
Usage
The Usage section focuses on identifying price movements beyond the established range of a user-defined period. When price breaks above the highest point of the specified lookback period, an upward arrow is plotted. Conversely, when price breaks below the lowest point of that period, a downward arrow is plotted. These signals help traders identify moments of expanding volatility and the start of potential new trends.
Details
The script functions by calculating the highest high and lowest low over a set number of bars, effectively creating a Donchian-style channel. A signal is generated only when a new high or low is reached that is not accompanied by a simultaneous break in the opposite direction. To prevent flickering or redundant signals, the script maintains a state memory (prev), ensuring that an upward signal only occurs if the previous state was downward, and vice versa.
Settings
- Length: Determines the lookback period (number of bars) used to calculate the channel boundaries. Higher values result in wider channels and fewer, more significant signals.
FAQ
How do I use the signals from this indicator?
The signals represent breakouts from a local range. Traders often use these to identify entry points for momentum strategies or to adjust stop-loss levels based on market volatility.
Can I customize the lookback period?
Yes, the "Length" input allows you to adjust the sensitivity of the channel. A smaller length will react faster to price changes, while a larger length will filter out more market noise.
How can I access this indicator?
You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
Trading & investing are risky and many will lose money in connection with trading and investing activities. All content on this site is not intended to, and should not be, construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
As a provider of technical analysis tools and strategies, we do not have access to the personal trading accounts or brokerage statements of our customers. As a result, we have no reason to believe our customers perform better or worse than traders as a whole based on any content, tool, or platform feature we provide.
Charts used on this site are by TradingView in which the majority of our technical indicators are built on. TradingView® is a registered trademark of TradingView, Inc. www.TradingView.com TradingView® has no affiliation with the owner, developer, or provider of the Services described herein.
Market data is provided by CBOE, CME Group, BarChart, Massive, CoinAPI. Select U.S. equities data is provided through Massive. CBOE BZX real-time U.S. equities data is licensed from CBOE and provided through BarChart. Real-time futures data is licensed from CME Group and provided through BarChart. Select cryptocurrency data, including major coins, is provided through CoinAPI. All data is provided “as is” and should be verified independently for trading purposes.
This does not represent our full Disclaimer. Please read our full disclaimer.
© 2026 LuxAlgo Global, LLC.