Breakout Signal (Trend+ATR+ADX+Score)

Breakout Signal – Trend + ATR + ADX + Strength Score

This indicator detects high-quality bullish breakout conditions using a multi-filter confirmation system designed to reduce false signals and highlight only strong momentum events.

A breakout signal triggers when all core conditions align:

📌 Breakout Conditions
1. Price Breakout

Breakout occurs when the current high exceeds the previous close by X%.
This avoids noisy open-based signals and focuses on genuine upward expansion.

2. Volume Spike

Current volume must be higher than the average volume × multiplier.
This ensures the breakout is supported by real trading activity.

3. Trend Filter (MA)

Price must be trading above a moving average.
This prevents counter-trend breakouts and focuses on momentum continuation.

4. ATR Rising

ATR must be rising relative to its own moving average.
A rising ATR confirms volatility expansion — a key ingredient of valid breakouts.

5. ADX Trend Strength

ADX must exceed a user-defined threshold (default: 20).
This confirms the market is in a strong trend environment, reducing false signals.

⭐ Breakout Strength Score (0–5)

Each of the 5 filters contributes 1 point:

Trend OK

Volume Spike

ATR Rising

ADX Strong

Price Breakout

A score label appears on valid breakouts:

5/5 → Very strong breakout

4/5 → Strong breakout

3/5 → Moderate breakout

0–2 → Weak / avoided signals