TrendSpider automatically detects trend line breakouts and highlights them on the chart for you. Each breakout requires one full candlestick close through a trend line on a given timeframe.
For example, on a five-minute chart, a five-minute candlestick must close on the opposite side of a trend line in order for a breakout to be valid.
Breakouts appear as circles on a trend line. Red circles represent a breakdown, while green circles represent a breakout.
It’s easy to enable breakout detection:
- Click on Add Highlight Breakouts located just below the top menu bar next to the chart type and timeframe.
- Click the button again to toggle the setting on or off.