WHAT IT DOES
A multi-ticker trend scanner that scores breakout strength across 4 higher timeframes with color-coded visuals, a total score column, all-timeframe trend alerts and full customization.
The scanner displays up to 10 tickers across 4 higher timeframes in a single table. Each cell is scored from 1 to 3 for bullish or -1 to -3 for bearish based on where the current candle close is relative to the previous higher timeframe candle’s levels. You can customize the tickers, timeframes and colors, and turn off any tickers or timeframes you don’t need. Make sure each timeframe is set higher than your chart timeframe.
The scoring is based on the current candle close compared to the previous higher timeframe candle. A score of 1 (dark green) means price is above the midline. A score of 2 (medium green) means price is above the candle body. A score of 3 (bright green) means price is above the high, a full breakout. The same logic applies in reverse for bearish scores of -1, -2 and -3 with increasing shades of red. The brighter the color, the stronger the trend on that timeframe.
A column on the right side of the table adds all the individual timeframe scores together so you can quickly see the overall trend strength. Wait for the trend score to reach at least 75% of the possible maximum before trading to ensure you’re only trading very strong trends. The total score column can be toggled on or off, the default is off.
When all enabled timeframes for a ticker are in the same direction at the same time, a bright green or red box appears on the far right side of the scanner. This is the strongest visual cue – it tells you which markets are trending on every timeframe without having to read any numbers. When you see it, switch to that chart and look for entries in the direction of the trend.
You can set alerts for when all enabled timeframes for a specific ticker are bullish or bearish. Only the timeframes that are turned on at the time you create the alert are required to agree. Set your alerts to “once per bar close” to avoid premature alerts from unconfirmed bars.
INTERPRETATION GUIDE
Wait for a ticker to show all timeframes trending in the same direction. The bright box on the far right is your signal. Switch to that chart and see how price is reacting to the previous higher timeframe candle levels. If price is holding those levels well, look to place trades in the direction of the trend. For best results, aim for a total score that is at least 75% of the possible maximum.
The Breakout Scanner, Higher Timeframe Candle Levels and Trend Strength all use the same levels to calculate trend scores and are designed to work together. Add Higher Timeframe Candle Levels to your chart using the same timeframes as your Breakout Scanner so you can see the exact levels being used to calculate each score. Use Trend Strength to read historical trends and guide your trade direction.
CONFIGURATION
GOOD TO KNOW
FREE ON TRADINGVIEW
Add it to your TradingView charts and start scanning for breakouts across multiple tickers and timeframes today. No subscription required.
COMMON QUESTIONS
CHANGELOG
Updated the TradingView publication chart with annotations explaining how the Breakout Scanner uses the same levels as the Higher Timeframe Candle Levels indicator for calculating scores.
First public release of the Breakout Scanner with multi-ticker, multi-timeframe trend scoring, color-coded table, total score column, all-timeframe trend indicator and alerts.
EXPLORE MORE
Free
Plots the previous higher timeframe candle’s levels on your current chart. Uses the same levels the Breakout Scanner scores against, designed to work together with matching timeframes.
Free
Shows historical trend strength relative to higher timeframe candle levels. The third piece of the trio. Use it to read trend history and guide your trade direction alongside the Breakout Scanner.
Free
Multi-indicator sector scanner using MOM, RSI, MFI, DMI and MACD. Complements the Breakout Scanner by showing broader sector momentum alongside individual ticker breakout scores.
