OPEN-SOURCE SCRIPT
MSB Trend Breakout Indicator V7
**MSB Trend Breakout Indicator (V7)**
This indicator is a robust, rule-based system designed to align trade entries with confirmed momentum shifts.
**TECHNICAL JUSTIFICATION (Why it works):**
The core logic combines two essential concepts to improve signal reliability:
1. **Trend Confirmation (The Slow Filter):** Uses the **50-period Exponential Moving Average (EMA)** to strictly filter the market bias. Signals are only generated when the price is clearly above or below this moving average, preventing counter-trend trading and focusing on the dominant institutional flow.
2. **Momentum Entry (The Fast Filter):** A **3-bar high/low breakout** confirms the immediate price surge. This short-term trigger provides an optimal entry point right as the momentum begins.
**The Combination's Value:** This mashup's purpose is to avoid the whipsaws of the fast breakout signal and the lagging nature of the slow EMA, providing a unique balance of speed and directional confirmation.
**Usage:**
* Optimized For: XAUUSD (Gold) on 15m/30m charts.
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**Important Note & Risk Disclosure:**
This tool is for informational and educational use only. **It does not guarantee profits** and is not financial advice. Past performance is not indicative of future results. Please conduct your own analysis before trading.
This indicator is a robust, rule-based system designed to align trade entries with confirmed momentum shifts.
**TECHNICAL JUSTIFICATION (Why it works):**
The core logic combines two essential concepts to improve signal reliability:
1. **Trend Confirmation (The Slow Filter):** Uses the **50-period Exponential Moving Average (EMA)** to strictly filter the market bias. Signals are only generated when the price is clearly above or below this moving average, preventing counter-trend trading and focusing on the dominant institutional flow.
2. **Momentum Entry (The Fast Filter):** A **3-bar high/low breakout** confirms the immediate price surge. This short-term trigger provides an optimal entry point right as the momentum begins.
**The Combination's Value:** This mashup's purpose is to avoid the whipsaws of the fast breakout signal and the lagging nature of the slow EMA, providing a unique balance of speed and directional confirmation.
**Usage:**
* Optimized For: XAUUSD (Gold) on 15m/30m charts.
---
**Important Note & Risk Disclosure:**
This tool is for informational and educational use only. **It does not guarantee profits** and is not financial advice. Past performance is not indicative of future results. Please conduct your own analysis before trading.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Verified Trend Breakout Strategy | For access, please contact me directly @MSPProDestek
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Verified Trend Breakout Strategy | For access, please contact me directly @MSPProDestek
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.