Angle-decay pivot tracking with auto breakout labeling and ATR targets
Tracks pivot highs and lows with angle-based decay and marks structural breakouts when price crosses the decaying level, plus ATR deviation targets after each break. No manual trend lines, no staring at the screen waiting for a cross. The indicator handles detection and tells you how many consecutive breakouts have happened in the same direction.
The core mechanism is pivot tracking with angle decay. After a pivot high is detected, the level does not stay flat as a horizontal line. Instead, it drops by a fraction of ATR each bar, simulating the market fading memory of old price levels. The longer ago the pivot formed, the less significant it becomes. When price pushes above this sinking level, the indicator registers a bullish structure break, draws a trend line from the pivot to the breakout point, and labels it with a number. Consecutive same-direction breakouts count up from 1 to 2, 3, 4. The higher the count, the stronger the trend momentum. The count resets when direction reverses.
After each breakout, three deviation target lines appear at the breakout price, spaced by ATR multiples. An upward breakout shows +1, +2, and +3 lines representing the breakout price plus 1x, 2x, and 3x ATR. These serve as take-profit references or trend continuation targets. The second line uses a dashed style for visual distinction. Only the most recent breakout deviation lines are shown.
Pivot highs are marked with aquamarine dots, lows with pink dots. Bullish breakout lines are teal, bearish lines are pink. All colors are customizable. The indicator draws in the background layer and never covers candlesticks.
Decay speed and pivot sensitivity are both based on ATR(200), which automatically adapts to each instrument volatility. No per-symbol parameter tuning needed.
Available in both Chinese and English versions.
Applicable instruments: All forex pairs, metals, crypto, and indices supported by MT5 Applicable timeframe: M15 through D1 recommended
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