From TradersList Editors
From TradersList Editors
Calculate and visualize market breakout probabilities with percentage-based insights and multiple range levels for strategic trading.
Calculate and visualize market breakout probabilities with percentage-based insights and multiple range levels for strategic trading.
Breakout Probability Indicator for TradingView: Statistical Odds of New Highs or Lows
Breakout Probability Indicator for TradingView: Statistical Odds of New Highs or Lows

by Zeiierman on TradingView

by Zeiierman on TradingView
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Breakout Probability (Expo)
Breakout Probability (Expo)
Breakout Probability (Expo) is a TradingView indicator that calculates the likelihood of new market highs or lows, displaying statistical likelihood for price levels above and below current price.
Breakout Probability (Expo) is a TradingView indicator that calculates the likelihood of new market highs or lows, displaying statistical likelihood for price levels above and below current price.

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.
🔑
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.
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Trusted Publisher
Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.
🥇
Trusted Publisher
Publisher of this listing is well recognized in social channels and receives overwhelmingly positive feedback.
🌐
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
Statistical Likelihood of New Highs or Lows
This indicator calculates the probability that price will make a new high or low based on historical price behavior. It analyzes how often price has moved beyond specific levels in the past and expresses the likelihood as a percentage, giving traders a data-driven view of breakout potential in either direction.
How the Probability Calculation Works
The indicator examines historical bars to determine how frequently price exceeded certain levels above and below the current price. If price has historically broken above a specific resistance level 70% of the time under similar conditions, the indicator displays a 70% upside breakout probability at that level.
Statistical Likelihood of New Highs or Lows
This indicator calculates the probability that price will make a new high or low based on historical price behavior. It analyzes how often price has moved beyond specific levels in the past and expresses the likelihood as a percentage, giving traders a data-driven view of breakout potential in either direction.
How the Probability Calculation Works
The indicator examines historical bars to determine how frequently price exceeded certain levels above and below the current price. If price has historically broken above a specific resistance level 70% of the time under similar conditions, the indicator displays a 70% upside breakout probability at that level.
Using Probability to Set Expectations
Rather than guessing whether a breakout will occur, traders can reference the probability reading to manage expectations and position sizing. A 75% probability breakout setup warrants more conviction than a 50/50 scenario. This quantitative approach removes emotional guesswork from breakout trading decisions.
Combining With Traditional Breakout Tools
The probability reading is most powerful when layered with other breakout tools - such as volume, squeeze indicators or the ADR. If the Breakout Probability indicator shows a 80% chance of an upside move and volume is confirming the setup, the statistical and technical evidence align for a higher-conviction trade.
Using Probability to Set Expectations
Rather than guessing whether a breakout will occur, traders can reference the probability reading to manage expectations and position sizing. A 75% probability breakout setup warrants more conviction than a 50/50 scenario. This quantitative approach removes emotional guesswork from breakout trading decisions.
Combining With Traditional Breakout Tools
The probability reading is most powerful when layered with other breakout tools - such as volume, squeeze indicators or the ADR. If the Breakout Probability indicator shows a 80% chance of an upside move and volume is confirming the setup, the statistical and technical evidence align for a higher-conviction trade.
Backtested high and low probability
Backtested high and low probability
This indicator calculates the probability of new highs or lows based on historical price behavior. Statistical likelihoods are displayed for levels above and below current price, providing data-driven insight into breakout potential in either direction.
This indicator calculates the probability of new highs or lows based on historical price behavior. Statistical likelihoods are displayed for levels above and below current price, providing data-driven insight into breakout potential in either direction.
Quantify Breakout Likelihood
Probability readings show how often price has historically exceeded specific levels, turning breakout potential into measurable percentages.
Spot Unusual Price Conditions
When probability readings shift significantly from normal, the indicator signals that volatility conditions may be changing.
Confirm Breakout Setups
High probability readings at key levels add statistical backing to breakout trades identified through technical analysis.
Common Questions About Breakout Probability Analysis
Common Questions About Breakout Probability Analysis
Breakout probability indicators estimate the likelihood of price breaking through key levels based on volatility and price behavior. These questions address how to interpret probability readings and avoid false breakout traps.
Breakout probability indicators estimate the likelihood of price breaking through key levels based on volatility and price behavior. These questions address how to interpret probability readings and avoid false breakout traps.
What probability threshold should I use to confirm a breakout?
Higher thresholds reduce false signals but may miss valid breakouts. Many traders use 60-70% as minimum confirmation. The optimal threshold depends on your strategy and risk tolerance. Backtest different levels on your specific market to find what works.
Why do high probability breakouts sometimes fail?
Probability is not certainty. Even 80% probability means 20% failure rate. Failed high-probability breakouts often indicate stop hunts or liquidity grabs. Always use stops and be prepared for failures regardless of indicated probability level.
How does the indicator calculate breakout probability?
Calculations typically combine volatility measures, distance from key levels, volume patterns and recent price behavior. Each factor contributes to overall probability. Understanding the inputs helps you assess whether current conditions support the probability reading.
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Web sentiment
Web sentiment
Online sentiment about the Breakout Probability Expo indicator is highly positive; traders regard it as a reliable and effective tool, widely popular for accurately predicting market directions.
Online sentiment about the Breakout Probability Expo indicator is highly positive; traders regard it as a reliable and effective tool, widely popular for accurately predicting market directions.
Source: Online Discussion
Source: Online Discussion
Source: Online Discussion
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TradersList Reviews (4)
TradersList Reviews (4)
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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TradingView Indicator
Interest Rate and GDP Dashboard by toodegrees
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Interest Rate and GDP Dashboard by toodegrees is a TradingView Indicator that aggregates interest rates and GDP data from major Central Banks into one view for timely nsights into key economic metrics.

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by iravan

Free
TradingView Indicator
Top 40 constituents of S&P 500 Index
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Top 40 constituents of S&P 500 Index is a free TradingView Indicator presenting real-time candle data for the top 40 S&P 500 stocks side-by-side, highlighting broad market breadth and depth in a given time frame.

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by jdehorty

Free
TradingView Indicator
Machine Learning: Lorentzian Classification
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Machine Learning: Lorentzian Classification is an Indicator that uses the Lorentzian Distance Classifier machine learning algorithm to categorize historical price data for predicting future price movements.

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by sbtnc

Free
TradingView Indicator
Tops & Bottoms - Time of Day Report
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Tops & Bottoms - Time of Day Report is an Indicator that tracks and reports daily market tops and bottoms by time of day, analyzing their timing and frequency for statistical edge based on simple time periods.

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by iravan

Free
TradingView Indicator
Equity Bond Currency Dashboard
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Equity Bond Currency Dashboard is a TradingView Indicator that visualizes demand-flow between equities, bonds and currencies across six countries, allowing track of institutional money flows and visuals for interconnected market dynamics.

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by KioseffTrading

Free
TradingView Indicator
Fundamentals Graphing [Kioseff Trading]
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Fundamentals Graphing [Kioseff Trading] is a TradingView indicator that displays essential fundamental metrics for up to 40 stocks. It allows users to compare various key financial metrics like earnings and revenue for easy benchmarking.

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by Zeiierman

Free
TradingView Indicator
Day/Week/Month Metrics (Zeiierman)
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Day/Week/Month Metrics (Zeiierman) is a TradingView indicator that computes daily, weekly and monthly performance. This indicator displays edge metrics, depicting how often an asset is likely to be bullish or bearish in a given time period.

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by KioseffTrading

Free
TradingView Indicator
Monte Carlo Simulation - Your Strategy [Kioseff Trading]
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Monte Carlo Simulation - Your Strategy by Kioseff Trading is a free TradingView indicator that leverages Monte Carlo simulations to analyze the variability and potential outcomes of your inputted trading strategies or the assets displayed on your chart. Calculate your luck factor using this indicator.

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by KioseffTrading

Free
TradingView Indicator
The Next Pivot [Kioseff Trading]
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The Next Pivot [Kioseff Trading] is a TradingView indicator that employs similarity measures to compare historical price sequences with current data, formulating potential paths for future price action.

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by KioseffTrading

Free
TradingView Indicator
(Quartile Vol.; Vol. Aggregation; Range US Bars; Gaps) [Kioseff]
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The (Quartile Vol.; Vol. Aggregation; Range US Bars; Gaps) [Kioseff] Indicator is a TradingView tool that analyzes price action and volume by breaking volume into aggregated quartiles for noise filtered price and volume analysis.
![TradingView chart interface displaying the Seasonality [TFO] statistics indicator panel showing average asset performance across daily, monthly and quarterly timeframes based on a 252-day trading calendar.](https://framerusercontent.com/images/nvPXFfuC5h7lkcLmxaOhlHbStb8.png?width=4098&height=2304)
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by tradeforopp

Free
TradingView Indicator
Seasonality [TFO]
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Seasonality [TFO] is a TradingView indicator that analyzes an asset's average performance across daily, monthly, and quarterly timeframes. It uses a 252-trading day calendar, aggregating daily data into 21-day months and 63-day quarters for gauging seasonal trends.

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by KioseffTrading

Free
TradingView Indicator
Crypto Terminal [Kioseff Trading]
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Crypto Terminal [Kioseff Trading] is a TradingView indicator that uses on-chain data to provide real-time cryptocurrency statistics directly on your Tradingview charts.
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TradersList
Discover trading edge
Join Telegram
Weekly listings
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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
TradersList
Discover trading edge
Join Telegram
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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