Best Practices
Practical guidance for using the Breakout Screener effectively.
For Momentum Traders
Use shorter period lengths (5–10) to detect breakouts quickly. Focus on the Daily, 4h, and 1h timeframes. Prioritize instruments with strong Chg% and positive alignment across W%, D%, 4h%, and 1h%. Shorter periods generate more signals, so apply the multi-timeframe filter to reduce low-quality entries.
For Swing Traders
Use longer period lengths (20–50) to focus on more significant price level breaks. Look for breakouts confirmed on the Daily timeframe and supported by positive Weekly performance. Avoid breakouts where intraday momentum (4h%, 1h%) is already fading: these often fail to follow through.
For Trend Followers
The strongest breakouts occur when W%, D%, 4h%, and 1h% all point in the same direction. Use this full-alignment filter to skip noisy or inconclusive signals and focus only on instruments with broad, sustained momentum. A breakout supported by multi-timeframe alignment tends to attract continuation buying rather than quick profit-taking.
General Guidance
- Use the Brk Lvl column as your anchor. The distance between the current price and the breakout level indicates how far the move has extended. Breakouts very close to the level may still face selling pressure; those well clear of it have more confirmation.
- Check the mini chart. A smooth, directional chart supports the breakout thesis. Choppy or erratic price action before the breakout suggests lower conviction.
- Plan retest entries. Breakouts often pull back to retest the former level before continuing. Planning entries around these retests (rather than chasing at the initial break) typically improves risk-reward.
- Combine with the Performance screener. The strongest breakouts tend to push instruments to the top of the Gainers list. If a breakout candidate isn't showing strong relative performance, reconsider its priority.
Summary
The Breakouts screener is a momentum discovery tool that surfaces instruments breaking above resistance or below support. Use Breakouts for bullish opportunities, Breakdowns for bearish ones, and the Brk Lvl column to understand the signal origin. Tune the period length settings to match your trading style, and always confirm signals with multi-timeframe performance alignment and chart analysis.