From TradersList Editors
From TradersList Editors
Identify and capitalize on significant price action markers like breakouts and traps for informed trading strategies and potential gains.
Identify and capitalize on significant price action markers like breakouts and traps for informed trading strategies and potential gains.
Bjorgum Key Levels Indicator: Breakout, False Breakout, and Back Check Detection
Bjorgum Key Levels Indicator: Breakout, False Breakout, and Back Check Detection

by Bjorgum on TradingView

by Bjorgum on TradingView
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Bjorgum Key Levels is a TradingView indicator that automatically identifies key price action points like breakouts, false breakouts and back checks to highlight key price action events.
Bjorgum Key Levels is a TradingView indicator that automatically identifies key price action points like breakouts, false breakouts and back checks to highlight key price action events.

Get on TradingView
This indicator is available on TradingView web charting platform. Signing up for a free account is required, no downloads.

Get on TradingView
This indicator is available on TradingView web charting platform. Signing up for a free account is required, no downloads.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
🔑
Open Source
Listing has publically available source code that can be audited and modified as needed.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
💸
Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
✅
Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
✅
Robust Theory
Concepts and theories mentioned in listing are based on generally approved and well established notions.
🌐
Popular Topic
Concepts and theories mentioned in listing are popular topics in web search
🌐
Popular Topic
Concepts and theories mentioned in listing are popular topics in web search
Published by Bjorgum on TradingView
Published by Bjorgum on TradingView
Automated Price Action Detection
Bjorgum Key Levels scans price data in real time and automatically identifies significant events like breakouts, false breakouts, and back checks. Instead of manually drawing levels and interpreting chart patterns, the indicator flags these critical moments with on-chart labels and markers at the exact price levels where they occur.
What Makes a Key Level
A key level forms when price reacts strongly at a specific zone - either by breaking through decisively or failing to hold the break. The indicator detects both scenarios: true breakouts where price clears and closes beyond a level, and false breakouts where price spikes through but reverses back inside the range.
Automated Price Action Detection
Bjorgum Key Levels scans price data in real time and automatically identifies significant events like breakouts, false breakouts, and back checks. Instead of manually drawing levels and interpreting chart patterns, the indicator flags these critical moments with on-chart labels and markers at the exact price levels where they occur.
What Makes a Key Level
A key level forms when price reacts strongly at a specific zone - either by breaking through decisively or failing to hold the break. The indicator detects both scenarios: true breakouts where price clears and closes beyond a level, and false breakouts where price spikes through but reverses back inside the range.
Back Checks as Entry Opportunities
After a breakout, price frequently returns to retest the broken level from the opposite side - a pattern known as a back check. The indicator highlights these retests, which many traders consider high-probability entry zones because the previous resistance has now become support, or vice versa.
Reducing Subjectivity in Chart Reading
Manual identification of key levels is inherently subjective and inconsistent. By automating the detection process with defined criteria, the indicator removes guesswork and ensures no important price action event is missed, regardless of the timeframe or market being analyzed.
Back Checks as Entry Opportunities
After a breakout, price frequently returns to retest the broken level from the opposite side - a pattern known as a back check. The indicator highlights these retests, which many traders consider high-probability entry zones because the previous resistance has now become support, or vice versa.
Reducing Subjectivity in Chart Reading
Manual identification of key levels is inherently subjective and inconsistent. By automating the detection process with defined criteria, the indicator removes guesswork and ensures no important price action event is missed, regardless of the timeframe or market being analyzed.
Price action levels drawn for you
Price action levels drawn for you
Bjorgum Key Levels automatically detects breakouts, false breakouts and back checks in real time. The indicator marks these critical price action events directly on the chart with labels and markers, removing the subjectivity of manual level identification.
Bjorgum Key Levels automatically detects breakouts, false breakouts and back checks in real time. The indicator marks these critical price action events directly on the chart with labels and markers, removing the subjectivity of manual level identification.
Eliminate manual level drawing
Let the indicator scan and mark key price action events automatically. Focus on analysis instead of drawing lines.
Find automatically detected key levels
Review flagged breakouts and false breakouts to identify where price reacted strongly. These zones carry significance.
Spot back check entry opportunities
Watch for highlighted retests of broken levels. Back checks often provide high-probability entry zones after breakouts.
Common Questions About Automated Key Level Detection
Common Questions About Automated Key Level Detection
Automated key level indicators identify significant price action events like breakouts and false breakouts without manual chart analysis. These questions address validation and trading of detected levels.
Automated key level indicators identify significant price action events like breakouts and false breakouts without manual chart analysis. These questions address validation and trading of detected levels.
How does automated detection compare to manual level identification?
Automated detection applies consistent rules across all charts and timeframes, eliminating subjectivity and saving time. Manual analysis allows contextual judgment that algorithms may miss. Many traders use automation for scanning then verify key setups manually.
What makes a detected level more significant than others?
Levels with multiple touches, strong reactions and alignment across timeframes carry more significance. Recent levels matter more than old ones. Levels where significant volume traded or structure changed are more meaningful than minor swing points.
How do I trade false breakout signals from the indicator?
False breakouts occur when price breaks a level then quickly reverses. Enter in the reversal direction after price closes back inside the range. Place stops beyond the false breakout extreme. Target the opposite side of the range or prior structure levels.
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Web sentiment
Web sentiment
Traders online express high satisfaction with Bjorgum Key Levels, praising its utility, customization, and efficiency in enhancing trading decisions.
Traders online express high satisfaction with Bjorgum Key Levels, praising its utility, customization, and efficiency in enhancing trading decisions.
Source: Online Discussion
Source: Online Discussion
Source: Online Discussion
✍️
✍️
TradersList Reviews (2)
TradersList Reviews (2)
TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.
TradersList Community has given this listing three stars, indicating decent trust and value for traders' toolkit. Make sure you understand functionality before using.
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Source: TradersList Reviews
Source: TradersList Reviews

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Free
TradingView Indicator
Multi-Asset Performance [Spaghetti] - By Leviathan
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✅
🏅
Multi-Asset Performance [Spaghetti] by Leviathan is a TradingView Indicator that visualizes cumulative percentage changes of up to 30 assets over a specified period, providing tools and analytics for analyzing outperforming assets and rotations.

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by LeviathanCapital

Free
TradingView Indicator
Market Sessions - By Leviathan
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🌐
✅
🏅
Market Sessions – By Leviathan is a TradingView indicator that visualizes the Tokyo, London, New York, and Sydney sessions using discreet boxes and colored candles, along with additional tools for tracking crucial market sessions.

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by LeviathanCapital

Free
TradingView Indicator
Range Analysis - By Leviathan
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🌐
✅
🏅
Range Analysis - By Leviathan is a free TradingView indicator that automates price range analysis by identifying key support and resistance levels. Draw range levels, generate Volume or Open Interest profiles, display heatmaps, plot anchored VWAP and Fibonacci retracement levels, automatically.

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by iravan

Free
TradingView Indicator
Dynamic Linear Regression Channels
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✅
Dynamic Linear Regression Channels is a TradingView Indicator that calculates linear regression channels based on real-time price movements, generating new support/resistance channels when previous ones are broken.

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by sbtnc

Free
TradingView Indicator
Tops & Bottoms - Day of Week Report
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✅
Tops & Bottoms - Day of Week Report is a TradingView indicator that analyzes likelihood of weekly price bottoms and tops for each day of the week. The statistical likelihood of a weekly bottom/top is visualized using a data table, showing how many occurences were found throughout the chart.

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by KioseffTrading

Free
TradingView Indicator
Sync Frame (MTF Charts) [Kioseff Trading]
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🌐
🏅
Sync Frame (MTF Charts) [Kioseff Trading] is a free TradingView indicator that allows users to view multiple lower timeframe charts for any asset simultaneously, in various formats, on a single screen.

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by LeviathanCapital

Free
TradingView Indicator
Gaps + Imbalances + Wicks (MTF) - By Leviathan
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🌐
✅
Gaps + Imbalances + Wicks (MTF) by Leviathan detects and displays price gaps in various forms - imbalances, gaps and inefficient wicks. This TradingView Indicator features customizable fill conditions, zone size filtering, volume comparison, lookback filtering and customizable visuals.

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by KioseffTrading

Free
TradingView Indicator
Intrabar Analyzer [Kioseff Trading]
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🌐
Intrabar Analyzer [Kioseff Trading] is a TradingView indicator that presents intrabar data in various formats to analyze price action within main timeframe candles. This Indicator features advanced features like volume analysis, technical ratings, linear regression and exotic candle types such as Kagi for lower timeframe price action.

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by MXWLL-Capital-Trading

Free
TradingView Indicator
Mxwll Price Action Suite [Mxwll]
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🌐
✅
🏅
Mxwll Price Action Suite is a TradingView indicator that combines multiple ICT and Smart Money Concepts with unique methodologies into an all-in-one price action toolkit.
![TradingView chart interface displaying the TTrades Daily Bias [TFO] indicator overlay on price action data showing previous daily highs and lows to determine market direction along with a statistics panel tracking historical success rates and bias accuracy](https://framerusercontent.com/images/1GkYDfLd6QVIEQQCJvYRBnnH3I.png?width=4098&height=2304)
🤖
by tradeforopp

Free
TradingView Indicator
TTrades Daily Bias [TFO]
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🌐
TTrades Daily Bias [TFO] is a TradingView indicator that determines market bias by analyzing previous highs and lows on daily and weekly timeframes, tracking success rates based on successful follow-through in price action.
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Disclaimer
Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.
Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.
Read full disclaimer
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Disclaimer
Our goal is to achieve greater transparency, guidance and safety in trading and investing by providing means to discover, research and discuss trading/investing related sites/services.
Content provided on this site is not financial advice, meant for educational purposes only. TradersList does not endorse or guarantee any result for listed sites/services. Do your own research.
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