Indicator · Pine Script v5 · On the chart

Breakout Probability (Expo)

by regalouisei· code credited to Zeiierman

Calculates the statistical likelihood of price reaching multiple percentage-spaced breakout levels above and below the current price.

View on GitHub

GitHub stars2on the repository
Pine versionv5runs as is
Lines of code199
Settings11inputs
LicenceNone stated
Last update8 months ago25 Feb 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

Breakout Probability (Expo) renders horizontal lines with percentage probability labels directly on the price chart and maintains a summary dashboard in the top-right corner tracking historical touch counts and win/loss statistics. Users can configure the percentage step size, the number of target lines displayed, level visibility filters, and customizable alert parameters.

Details

Published by

regalouisei on GitHub

Code credit

Zeiierman, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Breakout, Support & resistance, Screeners & dashboards

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.

SettingTypeDefaultVariable
Percentage Stepfloat1.0perc
Number of Linesint5nbr
upColcolorcolor.new(color.green,0)upCol
dnColcolorcolor.new(color.red,0)dnCol
BG Colorbooltruefill
Disable 0.00%booltrueDisable 0.00%
Show Statistic PanelbooltrueShow Statistic Panel
Ticker IDbooltrueTicker ID
High/Low PricebooltrueHigh/Low Price
Bullish/Bearish BiasbooltrueBullish/Bearish Bias
Bullish/Bearish PercentagebooltrueBullish/Bearish Percentage
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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