Supports, Resistances and Breakouts Indicator

Discover a new TradingView indicator for supports, resistances, and breakouts. This tool helps identify key price levels and potential market turning points.

Published · Updated · Methodology: Technical Indicators

Part of: Breakout Trading

  • Methodology: Technical Indicators
  • Content type: indicator

Indicators used

  • Supports, Resistances and Breakouts

Source video

Decoded from: 💡 Mi nuevo indicador "Supports, Resistances and Breakouts", para TradingView by MetalDev — watch the original

Key timestamps:

  • 0:00 - Introduction of the new indicator

Strategy overview

Breakout trading watches price leave a support or resistance zone that had been holding it in, and treats that exit as the signal. This page is not a setup built on that idea, though — it is a tool release. MetalDev presents an indicator they built themselves, "Supports, Resistances and Breakouts", published for TradingView and introduced in a Spanish-language video titled "💡 Mi nuevo indicador 'Supports, Resistances and Breakouts', para TradingView".

What makes a developer showcase different from a method video is where the work sits. In most breakout content, the trader decides which levels count and the chart is just a canvas; here that decision has been moved inside the script, and the three things a discretionary trader normally does in sequence — mark support, mark resistance, judge the break — are bundled into a single overlay that emits them together. The useful question for a viewer is therefore not "what are the entry rules" but "do this tool's levels land where I would have drawn them, and does it call a break at the moment I would have called one". That is a question you answer by loading it on your own charts and comparing, not by copying a rule set.

Be clear about what this source is. It is indexed with a single marker at 0:00, "Introduction of the new indicator", and it names no instrument, no timeframe and no trade management — it is an announcement of a tool, presented by its author, in Spanish. No rule set has been extracted for this entry, so there is nothing here that resolves how the levels are computed or what qualifies as a valid break; the value of the page is the pointer to the tool and the context around it.

Topics

supports resistances breakouts · tradingview indicator · technical indicators · price action indicator · trading strategy · market analysis · support resistance strategy · breakout trading · forex indicator · stock market indicator · crypto indicator

Frequently asked questions

Is "Supports, Resistances and Breakouts" a strategy or an indicator?

It is an indicator — a TradingView script that plots support and resistance levels and flags breaks of them. An indicator marks conditions on a chart; a strategy adds the decisions around them, such as entry, stop, target and position size. This source introduces the tool, not a complete trading system.

Who is MetalDev and what does the video cover?

MetalDev is the channel of the indicator's developer, and the video is a Spanish-language introduction to an indicator they built and published for TradingView. It is indexed with a single section at 0:00 presenting the new indicator, so it functions as a release announcement rather than a tutorial or a walkthrough of trade rules.

Why use an indicator for support and resistance instead of marking levels manually?

An automated indicator applies the same definition to every chart every time, which makes levels reproducible and removes the drift that comes from re-drawing them by eye. The trade-off is that the tool's definition of a level is fixed, so it may include or ignore zones you would have judged differently — which is why comparing it against your own reading on familiar charts is the practical first step.

How can I evaluate an indicator like this before relying on it?

Load it on instruments and timeframes you already know well and check whether its levels and break signals agree with your own reading, then test the resulting signals on historical data before risking capital. Strategy Decoder catalogues indicators and strategies from video sources so you can find them and assess them on TradingView.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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