This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and
Indicator · Pine Script v5 · On the chart
Breaker Blocks with Signals [LuxAlgo]
Breaker Blocks with Signals [LuxAlgo] detects smart money market structure break patterns and draws breaker block zones directly on the main price chart.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code706
Settings24inputs
LicenceNone stated
Last update2 years ago27 Feb 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Breaker Blocks with Signals [LuxAlgo] identifies bullish and bearish breaker blocks, swing highs and lows, and optional premium/discount array zones. Users can toggle target take-profit projections based on adjustable risk-reward ratios, restrict signals to premium/discount zones, or filter breaker candles by body size. The script uses drawing boxes, lines, and labels on the chart pane to present key liquidity areas.
- Breaker block zone visualizer
- Swing structure and market structure break tracking
- Premium and discount array overlay
- Configurable risk-reward take-profit lines
Details
Published by
oscar811 on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
SMC / ICT / price action, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 5 | len |
| Use only candle body | bool | false | breakerCandleOnlyBody |
| Use 2 candles instead of 1 | bool | false | breakerCandle_2Last |
| Stop at first break of center line | bool | true | tillFirstBreak |
| Only when E is in Premium/Discount Array | bool | false | onlyWhenInPDarray |
| show Premium/Discount Zone | bool | false | showPDarray |
| Highlight Swing Breaks | bool | false | showBreaks |
| Show Swings/PD Arrays | bool | true | showSPD |
| Text Color | color | color.silver | PDtxtCss |
| Swing Line Color | color | color.silver | PDSCss |
| Enable TP | bool | false | iTP |
| tpCss | color | #2157f3 | tpCss |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| R:R 1 | float | 1 | R1a |
| : | float | 2 | R2a |
| R:R 2 | float | 1 | R1b |
| : | float | 3 | R2b |
| R:R 3 | float | 1 | R1c |
| : | float | 4 | R2c |
color | color.rgb(12, 181, 26, 93) | cBBplusA | |
| cBBplusB | color | color.rgb(12, 181, 26, 85) | cBBplusB |
color | color.rgb(255, 82, 82, 85) | cSwingBl | |
color | color.rgb(255, 17, 0, 95) | cBB_minA | |
| cBB_minB | color | color.rgb(255, 17, 0, 85) | cBB_minB |
color | color.rgb(0, 137, 123, 85) | cSwingBr |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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