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Trendline Breakout Navigator

By LuxAlgoApr 2, 2025

Static chart image

Trendline Breakout Navigator keeps three trendlines alive at once: a solid long-term line for overall market direction, a dashed medium-term line for intermediate movement, and a dotted short-term line for immediate fluctuations. Each begins as a horizontal line at a swing point, connects once a new higher low or lower high forms, and then optimizes itself against the historical closes that pierced it. The result is diagonal structure at three scales, maintained without a single manual drawing.

How to Trade the Trendline Breakout Navigator?

  • Blue and orange dots: a higher low or lower high pierced a bullish (blue) or bearish (orange) trendline without the close breaking it. Tested lines like these can precede continuations or reversals.
  • Green background: price broke above a bearish trendline, or a new higher high printed.
  • Red background: price fell below a bullish trendline, or a lower low appeared.
  • Bar colors: green and red hues deepen according to how the close stacks up against the long, medium, and short-term lines together, a three-layer trend read at a glance.

HH/LL labels mark where fresh trendlines are born, and the Period setting can source everything from a higher timeframe, with trendlines spanning up to 5000 bars, so a lower-timeframe chart can trade against bigger structure.

Trendline Breakout Navigator Settings

  • Period: "chart" for the current timeframe, or a higher timeframe for broader trend recognition.
  • Swing Length: set per trendline; longer values produce longer-term swing levels.
  • Term: choose whether the Long, Medium, or Short-term line drives HH/LL labels and background coloring.
  • HH/LL Labeling, Background Coloring, Bar Coloring: independent visual layers, plus color controls for lines and wick dots.

Frequently Asked Questions

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Also works on

TradingView
Original indicatorBuilt in-house by LuxAlgo

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