Breakout Box Indicators for TradeStation

The Breakout Box Indicator Set for TradeStation

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Available for TradeStation 8.4 and above

Plus Free Bonus Indicator

Breakout trading tends to occur after periods of extended price consolidation. Traders can take advantage of breakouts to jump early into newly forming trends with the potential to make extended runs once prices breakout, or to find areas of price consolidation within an established trend. Breakouts occur in all markets from equities and options to forex and futures and e-mini and can form in any timeframe be it intraday, daily or longer.

We have programmed a set of TradeStation indicators which can be used to find areas of price consolidation and to take advantage of these markets when prices break through support or resistance. We call these areas of price consolidation breakout boxes.

We are confident our indicators will benefit your trading which is why we offer a 100% money back guarantee so you can try out our indicators for yourself and if they are not right for you just let us know within 30 days for a full refund.

We have also included a free trailing stop indicator with our breakout box indicator which uses average true range to trail a long or short stop behind prices. We find this indicator compliments the breakout box trading indicator. More details on this indicator can be found near the bottom of this page.

Below is an example of the standard breakout box indicator applied to a daily chart of BNI. The yellow lines shown on the chart represent the top and bottom of the breakout boxes as they formed during this bullish trending period. As you can see in the chart the indicator can also display the actual support and resistance values of each area of price consolidation within the chart itself making it easier to identify support and resistance levels.

Beneath the BNI chart example is a daily chart of S which demonstrates the short version of the breakout box indicator being utilized in a bearish market.

Standard long breakout box TradeStation indicator.

Standard short breakout box TradeStation indicator.

Key Features

The breakout box indicators have a number of different inputs allowing you to easily adjust the indicator to suit your personal requirements. For example breakout boxes can be generated off the high and low bar prices or alternatively you can set the boxes to develop based on the closing price, or from any other price variation. Here are some of the advantages offered by these indicators:

• Adjustable breakout parameters.
• Chose the minimum requirements for each price consolidation.
• Flexible trend filters.
• Expandable boxes for stronger breakouts.
• Additional radarscreen information.
• Indicators also provided as functions.

Other features of these TradeStation indicators include the ability to change the color of the trendlines that are drawn by each indicator and the text values displayed on each chart to suit your own preferences. Also, if you don't like having a lot of support and resistance trendlines being drawn on your charts the breakout box indicators include a setting to help keep your charts clean by only displaying the support and resistance lines of the most recent boxes.

In addition to the indicators which draw support and resistance trendlines on your charts the indicators are also provided as TradeStation showme indicators. The breakout box indicators can also be applied to the new TradeStation scanner so you can scan all markets simultaneously to find breakout boxes.

Adjustable breakout parameters.

The sensitivity of prices breaking out of a box can be adjusted so that you can select which prices are used to determine breakouts. Using the high and low will eliminate a breakout box immediately once prices break through support or resistance, while using the close will allow prices to breakout intrabar but retrace back into the box on the same bar without eliminating the box itself. The two charts below show a breakout box that formed on SO and broke out intrabar. The first chart shows a breakout box indicator that is set to eliminate boxes that breakout intrabar while the breakout box in the second chart uses the closing price to determine if a breakout has occurred.

Breakout on high or low.

Breakout on close.

Chose the minimum requirement for each price consolidation.

This TradeStation indicator is not limited to a fixed set of parameters. You can can set your own parameters for determining the minimum requirement for each breakout box. For example you can set the minimum number of bars required for price to consolidate before determining areas of support and resistance, and the maximum and minimum consolidation range (volatility) of the breakout box to eliminate boxes that might be considered too wide ranging, or to have too narrow a trading range, to be tradable. This way you can use the indicator to look for small areas of price consolidation in an already established trend, or you can search for extended periods of consolidation in anticipation of accelerated price moves once markets breakout. The chart below shows an example of our indicator applied to CSCO using a 50 bar breakout setting.

50 bar breakout box configuration.

Flexible trend filters.

The breakout box indicator includes fully adjustable trend filters to allow the user flexibility when identifying bullish/bearish markets. The HD chart below includes a 50 bar simple moving average which is being used by the breakout box indicators to plot long breakout boxes in yellow and short breakout boxes in red as the trend shifts from bullish to bearish and back to bullish again as prices cross the 50 bar moving average.

Long and short breakout boxes with 50 bar moving average.

Expandable boxes for stronger breakouts.

The breakout box TradeStation indicator includes a buffer function which allows you to increase the value of the support and resistance trendlines requiring stronger moves in price to trigger a breakout of the box. Below is an example of the breakout box indicator applied to the S&P 500 e-mini which has a 0.1% buffer applied to each box.

Breakout boxes with a 1% buffer applied.

Additional radarscreen information.

When applied to a TradeStation radarscreen the breakout box indicator can be used to scan and sort multiple markets in real-time. In addition to monitoring large markets the breakout box indicators provide extra information about each breakout box within a radarscreen. The components of the S&P 500 have been inserted into a radarscreen below which has the long breakout box indicator applied.

The breakout box indicator applied to a radarscreen.

As well as displaying the support and resistance values of any breakout boxes the indicator provides 4 additional columns of information within a TradeStation radarscreen.

Breakout – displays an alert message, which can be set by the user, when the top or base of the box has been broken.

Ratio – shows where the current price is in relation to the breakout box. A value between 0-1 means that the current price is inside the box with 0 being the base of the box and 1 being the top of the box. A ratio value below 0 means price is currently below support and a ratio value above 1 means price is currently above resistance.

Box Range – provides the range of the breakout box from support to resistance.

Box Count – tells the user how many bars the breakout box has existed for.

Indicators also provided as functions.

In addition to providing the breakout box indicators in standard indicator form and showme indicator form, the indicators are also supplied as functions enabling you to incorporate the breakout box function into your own indicators and trading strategies.

Continued Support and Updates for a Minimum of 12 Months

All our products come with full support so if you have any problems or require any additional information you can contact us for assistance. We also offer updates for a minimum of 12 months so if any new features are added to these indicators during this time then they can be sent to you for free.

If you have any questions about this, or any other product we offer, please contact us at infotechnicaltradingindicators.com

Free ATR Trailing Stop Indicator

To assist your breakout box trading, or any other style of trading, we have included our ATR trailing stop indicator for free. You can find more details about this indicator by clicking here. Below I have included a couple of charts with the breakout box and ATR trailing stop indicators applied to them. The first is from our earlier CSCO example which had an extended breakout box requirement of 50 bars. As prices breakout about resistance the trailing stop indicator continues to follow prices providing a good opportunity to let the trade run while trailing a stop behind. And in the USDJPY forex example underneath the short breakout box indicator is complimented by the yellow line of the short trailing stop.

An extended breakout box and ATR trailing stop indicator together.

Short breakout box and ATR trailing stop indicators together.

ATR Trailing Stop Indicator for TradeStation A trailing stop provides a systematic to know when to exit a trade. It is especially useful for trend traders and breakout traders who like to let profits run while maintaining a logical exit for when the market trend changes so they can exit their position in a controlled and timely manner. To assist traders with looking for a systematic way to follow their trades with a trailing stop or to be alerted to changes in market trends we have programmed a the ATR trailing stop TradeStation indicator. The ATR trailing stop TradeStation indicator has some different inputs allowing you to easily adjust the indicator to suit your requirements. $49.00

Darvas Box Indicators for TradeStation The Darvas box method was designed by Nicolas Darvas in his best selling book 'How I Made $2,000,000 In The Stock Market'. We have programmed the Darvas box method into a set of TradeStation indicators, and have expanded the functions of the Darvas box method beyond its original design. While Nicolas Darvas originally designed his box method for the stock market the Darvas box indicator can also be applied to other markets including indices, forex, options, futures and e-mini. Darvas boxes can also be utilized with varying time frames, from tick and minute charts to daily charts and beyond. The Darvas box TradeStation indicators are provided in both long and short versions and have a number of different inputs allowing you to easily adjust the indicator to suit your personal requirements. These TradeStation indicators also provided as functions. $99.00

Flag and Pennant Indicators for TradeStation Flags and pennants are areas of price consolidation that occur after a strong bullish or bearish market move. Flag and pennant price patterns can form within an established trend or at the beginning of a new trend reversal. We first look to identify flag and pennant formations after a strong market move, known as the flag pole, which can occur on a single bar or over multiple bars. After the formation of the flag pole we then wait for prices to consolidate in the form of a flag or pennant before the bullish/bearish market momentum continues. $99.00

SPECIAL OFFER - Breakout Box Indicators And Darvas Box Indicators for TradeStation SPECIAL OFFER - Buy both TradeStation box indicators together and save $50 - Breakout trading tends to occur after periods of extended price consolidation. Traders can take advantage of breakouts to jump early into newly forming trends with the potential to make extended runs once prices breakout, or to find areas of price consolidation within an established trend. - The Darvas box method was designed by Nicolas Darvas in his best selling book 'How I Made $2,000,000 In The Stock Market'. We have programmed the Darvas box method into a set of TradeStation indicators, and have expanded the functions of the Darvas box method beyond its original design. $148.00

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