From TradersList Editors
From TradersList Editors
Identify and mitigate false breakout risks by analyzing real-time momentum with this free TradingView Price Action Indicator.
Identify and mitigate false breakout risks by analyzing real-time momentum with this free TradingView Price Action Indicator.
False Breakout Indicator for TradingView: Identify Failed Breakouts in Real Time
False Breakout Indicator for TradingView: Identify Failed Breakouts in Real Time

by Zeiierman on TradingView

by Zeiierman on TradingView
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False Breakout (Expo) is a TradingView price action indicator that detects real-time false breakouts by tracking key levels that are exceeded by price and then closed back inside the level.
False Breakout (Expo) is a TradingView price action indicator that detects real-time false breakouts by tracking key levels that are exceeded by price and then closed back inside the level.

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.
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Open Source
Listing has publically available source code that can be audited and modified as needed.
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Open Source
Listing has publically available source code that can be audited and modified as needed.
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Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
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Free Access
All features of this listing are fully free to use with no pricing tiers. Simply start using.
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Trusted Publisher
Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.
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Trusted Publisher
Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.
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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 Zeiierman on TradingView
Published by Zeiierman on TradingView
What Defines a False Breakout
A false breakout occurs when price temporarily moves beyond a key support or resistance level, only to reverse and close back inside the range. These traps catch traders who entered on the breakout, and the subsequent reversal often creates a strong move in the opposite direction.
Real-Time Detection Method
The indicator monitors key price levels in real time. When price exceeds a level on an intrabar basis but the candle closes back inside, it flags a false breakout. For instance, if resistance sits at 100 and price spikes to 101 but closes at 99.50, the indicator marks it as a failed bullish breakout.
What Defines a False Breakout
A false breakout occurs when price temporarily moves beyond a key support or resistance level, only to reverse and close back inside the range. These traps catch traders who entered on the breakout, and the subsequent reversal often creates a strong move in the opposite direction.
Real-Time Detection Method
The indicator monitors key price levels in real time. When price exceeds a level on an intrabar basis but the candle closes back inside, it flags a false breakout. For instance, if resistance sits at 100 and price spikes to 101 but closes at 99.50, the indicator marks it as a failed bullish breakout.
Trading False Breakout Reversals
False breakouts are high-probability reversal setups because they trap breakout traders on the wrong side. When price fails above resistance and reverses, trapped longs are forced to sell, adding fuel to the downside move. Entering on the false breakout signal lets you trade alongside this forced liquidation.
Filtering With Volume and Context
Not all false breakouts lead to significant reversals. The strongest signals occur at well-established levels with multiple prior touches, preferably accompanied by declining volume on the breakout attempt. Combining this indicator with volume analysis and market structure improves the reliability of its signals.
Trading False Breakout Reversals
False breakouts are high-probability reversal setups because they trap breakout traders on the wrong side. When price fails above resistance and reverses, trapped longs are forced to sell, adding fuel to the downside move. Entering on the false breakout signal lets you trade alongside this forced liquidation.
Filtering With Volume and Context
Not all false breakouts lead to significant reversals. The strongest signals occur at well-established levels with multiple prior touches, preferably accompanied by declining volume on the breakout attempt. Combining this indicator with volume analysis and market structure improves the reliability of its signals.
Failed breakouts for effective reversals
Failed breakouts for effective reversals
This indicator detects false breakouts by monitoring when price exceeds a key level intrabar but closes back inside the range. These traps often lead to strong reversals as traders caught on the wrong side are forced to exit.
This indicator detects false breakouts by monitoring when price exceeds a key level intrabar but closes back inside the range. These traps often lead to strong reversals as traders caught on the wrong side are forced to exit.
Automate Breakout Failure Detection
Real-time monitoring flags when price breaches a level but fails to hold, identifying potential reversal setups as they form.
Identify Trap Patterns Systematically
The indicator applies consistent rules to detect false breakouts, removing subjectivity from identifying these high-probability patterns.
Spot Reversal Opportunities
Failed breakouts at key levels often precede strong moves in the opposite direction as trapped traders liquidate positions.
Common Questions About False Breakout Detection
Common Questions About False Breakout Detection
False breakouts trap traders on the wrong side and often lead to sharp reversals. Here are common questions about identifying and trading these setups.
False breakouts trap traders on the wrong side and often lead to sharp reversals. Here are common questions about identifying and trading these setups.
How does the indicator determine if a breakout is false?
The indicator monitors whether price exceeds a key level intrabar but closes back inside. If the candle spikes above resistance but closes below the level, the attempted breakout failed. The close location relative to the level determines the signal.
Why do false breakouts often lead to strong moves in the opposite direction?
Traders who bought the breakout are now trapped with losing positions. When they exit, their selling adds fuel to the reversal. This forced liquidation creates momentum that false breakout traders can capture by positioning early.
Do all false breakouts result in profitable reversal trades?
No. Some false breakouts lead to consolidation rather than sharp reversals. The strongest signals occur at well-established levels with multiple prior touches. Combining false breakout signals with volume analysis improves reliability.
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Web sentiment
Web sentiment
Traders online express strong approval of the False Breakout Expo, praising its accuracy, ease of use, and invaluable insights in identifying and capitalizing on false breakouts effectively.
Traders online express strong approval of the False Breakout Expo, praising its accuracy, ease of use, and invaluable insights in identifying and capitalizing on false breakouts effectively.
Source: Online Discussion
Source: Online Discussion
Source: Online Discussion
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TradersList Reviews (3)
TradersList Reviews (3)
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
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HTF Liquidity Dashboard [TFO]
🔑
HTF Liquidity Dashboard [TFO] is a TradingView Indicator that scans multiple symbols exceeding their previous day, week or month highs/lows with a dashboard for tracking the activity. Additional features include customizable symbols for scanning and alerts.

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by makuchaku

Free
TradingView Indicator
Makuchaku's trading tools - Liquidity visualizer
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🏅
Makuchaku's Trading Tools – Liquidity visualizer is a TradingView indicator that plots untouched pivots and fractals not yet breached by price, highlighting highs and lows where stop orders or liquidity may reside.

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by Texmoonbeam

Free
TradingView Indicator
Automatic Closest FVG with BPR
🔑
✅
Automatic Closest FVG with BPR is a TradingView indicator that automatically detects and draws the closest, most relevant fair value gap (FVG) that is yet to be filled. On top, this indicator has an option to detect unfilled balanced price ranges (BPR), a formation with two fair value gaps overlapping.

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by spacemanbtc

Free
TradingView Indicator
Key Levels SpacemanBTC IDWM
🔑
✅
🏅
Key Levels SpacemanBTC IDWM is a TradingView indicator that automatically plots classical price action key levels with multi-timeframe.
![TradingView price chart displaying the Market Structure [TFO] indicator with lines connecting swing highs and swing lows. Visual markers indicate break of structure events and define bullish or bearish market trends based on price closes relative to swing points.](https://framerusercontent.com/images/80K9YM0lNGkSBy83oNZfQxryQ.png?width=4098&height=2304)
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by tradeforopp

Free
TradingView Indicator
Market Structure [TFO]
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🌐
✅
🏅
Market Structure [TFO] is a TradingView indicator that identifies market trends by analyzing price closes relative to previous swing highs and lows, a concept popular among ICT and price action traders.

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by LeviathanCapital

Free
TradingView Indicator
Multi-Asset Performance [Spaghetti] - By Leviathan
🔑
✅
🏅
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
🔑
🌐
✅
🏅
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
🔑
🌐
✅
🏅
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
🔑
✅
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
🔑
✅
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]
🔑
🌐
🏅
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]
🔑
🌐
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]
🔑
🌐
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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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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Discover trading edge
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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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