Daily Pivot Breakout Pro: Free TrendSpider Indicator

Daily Pivot Breakout Pro is a free TrendSpider indicator that finds confirmed daily pivot-high breakouts and then tracks the trade on your chart: entry, stops, gap protection and alert signals. It is the flagship of the Financial Tech Wiz custom trading tools. Sign up free below and it comes with your free membership.

Its defaults use the same breakout entry rules and exit stops as the Financial Tech Wiz Official system, the system behind our free Daily Pivot Breakout Scanner, so the breakouts and stops on your chart follow the same rules.

What You Get

Sign up free once and the free toolkit comes with your membership:

• Daily Pivot Breakout Pro, the TrendSpider indicator with entries, stops and alerts
• The original Daily Pivot Breakout indicator for TradingView and TrendSpider (a simpler version, no longer updated)
• Our trading journal template, swing watchlist, DCF template and candlestick cheat sheet
• Access to our free trading community

No email needed for the free Daily Pivot Breakout Scanner: it is open to everyone and updates every trading day.

Daily Pivot Breakout Pro: How It Works

Pro is built for swing traders who want clear rules on the chart instead of guesswork. It tells you when a breakout happens, where the trade would enter, and which stop is active.

The Daily Pivot Breakout indicator on a TrendSpider chart

How Pro Finds a Breakout

A breakout is a daily close above the latest confirmed 5/5 pivot high. A 5/5 pivot high is a day whose high is above the 5 days before it and the 5 days after it. It is only confirmed once those 5 later days have closed, and the pivot stays valid for 100 bars.

Two more checks must pass:

• Momentum: 100-day ROC of at least 40% OR 100-day EMA slope of at least 25%. Either one qualifies.
• Volume: relative volume above 1.0 versus the prior 20 days. Set it to 0 to turn this check off.

The entry is the next day’s open.

How Pro Exits

An exit happens when a daily close finishes below the active stop. Intraday touches do not exit. Pro uses three stops:

• 20% trailing stop from the highest high since entry (cyan dots, always on)
• Breakout candle low stop: the low of the breakout day, which never moves (purple dots, on by default)
• Pivot low trail: ratchets up to newly confirmed 7/7 pivot lows (orange dots, off by default, optional)

The active stop is the highest stop that is switched on. It shows as a solid red line.

Gap Protection

If the entry day opens at or below the initial stop, the entry is cancelled and a Gap Cancel label appears. You do not get a new position that has already broken its own risk level.

One Position at a Time

Pro tracks one trade per chart. New breakouts still show while you are in a trade, but they do not add to it. The tracked trade starts from the earliest breakout on the loaded chart, so its stops can differ from a trade you entered on a later breakout.

Chart Lines and Candle Colors

The chart shows the pivot high, a confirmed pivot low guide, the active exit stop, the 20% trail, the breakout candle low stop, and the pivot low trail when it is on. Labels mark breakouts, gap cancels and exits.

Candle colors read the ROC and EMA slope together:

• Green: both bullish
• Cyan: one bullish
• Gray: both neutral
• Orange: one bearish
• Red: both bearish
• Purple: they disagree

You can switch candle colors off, and every setting can be changed.

Alert Signals

Pro gives you these signals for TrendSpider alerts:

• DPBPro_Breakout: a breakout on the daily close
• DPBPro_GapCancel: the entry was cancelled by a gap
• DPBPro_Exit: any stop was hit on the close
• DPBPro_HardStop: the 20% trailing stop was hit
• DPBPro_BreakoutLowExit: the breakout candle low stop was hit
• DPBPro_PivotExit: the pivot low trail was hit

The indicator is for analysis and alerts only. It does not place orders. If you want automation, such as an alert service, you set that up separately.

What Pro Does Not Include

Pro has no price, liquidity or market-trend (SPY) filters. Add those in your own scan. The free scanner page and the journal show breakouts from liquid stocks, and the journal also applies price, liquidity and market-trend filters.

How to Use Pro in a Daily Routine

1. Shortly after the market closes, check the free scanner page or the journal to see which stocks broke out.
2. Open those charts in TrendSpider with Pro and look at the pivot, the candle colors and where the stops sit.
3. Set alerts on DPBPro_Breakout for your watchlist and on DPBPro_Exit for positions you hold.
4. Next day, check for a Gap Cancel label before you treat a breakout as a valid entry.
5. Apply your own price, liquidity and market-trend filters before you decide anything.
6. Log every trade you take. Our free trading journal template works well for this.

See the Breakouts Without Running a Scan

Every trading day the scanner checks US stocks and ETFs for the same breakout entry rules and posts the day’s breakouts shortly after the market closes.

The free Daily Pivot Breakout Scanner page needs no signup. It shows the top 5 liquid breakouts from each of the last 4 weeks (signals are 5 trading days late). Each one has a chart with the momentum candle colors, the pivot line, the breakout arrow and the system’s exit stops, the 20% trail and the breakout candle low.

More free scanners are coming to the free stock scanners hub, including VCP, gap, Stage 2 and cup and handle. Want every breakout the day it happens? Members get them in the Financial Tech Wiz Trading Journal.

Get Every Breakout the Day It Happens

The Financial Tech Wiz Trading Journal is the paid home of the Daily Pivot Breakout system. Here is what you get:

• Every Daily Pivot Breakout the day it happens, for all US stocks and ETFs
• Every breakout back to 2000, with its chart and how it played out
• The Official system’s price, liquidity and market-trend filters shown next to each breakout
• A trading journal to log and review your own trades
• AI review of your trading
• The premium Discord community, with alerts posted after the close

It costs $19/month or $119/year, with a free account to start.

The Original Daily Pivot Breakout Strategy Indicator

The original TrendSpider indicator is also free by email. It is the simpler, looser version. Pro is the one that matches the Official system.

• Original: 100-day ROC at least 30% OR EMA slope (100-day lookback) at least 20%. Pro: 40% and 25%.
• Original: one signal per pivot and a 20% percentage trailing stop. Pro: three stop types, gap protection and one-position tracking.
• Original: 5PivotBreakout_Scan flags a Day-0 breakout after the close, good for a watchlist. 5PivotBreakout_Strategy is the following-session entry and, on intraday TrendSpider charts, fires on the first bar of the new day. Pro: the DPBPro_ signals listed above.
• Both: confirmed 5/5 daily pivot highs, a 100-bar pivot lookback, daily relative volume above 1.0 versus the prior 20 days (set it to 0 to turn it off), and the same six-color candle display.

Looking for Ichimoku Crossovers?

Use the free Ichimoku Cloud Crossover Scanner. It lists bullish and bearish daily Tenkan/Kijun crosses with charts, no download needed.

Every tool on this page sits alongside the rest of the toolkit in the Financial Tech Wiz resources library.

How to Get the Free Tools

Use the Sign up free button at the top of this page and the free toolkit comes with your membership, including Daily Pivot Breakout Pro. It takes a few seconds.

Frequently Asked Questions

Is Daily Pivot Breakout Pro free, and how do I get it?

Yes. Sign up free on this page and the free toolkit, including Pro, comes with your membership.

What is the difference between Pro and the original indicator?

The original is simpler and looser: ROC at least 30% or EMA slope at least 20%, and one 20% trailing stop. Pro uses 40% and 25%, three stop types, gap protection and one-position tracking, and its defaults match the Official system.

Which platform does it run on?

Both indicators run on TrendSpider, so you need a TrendSpider account to add them to your charts. The free scanner page works in any browser with no account.

Does it place trades for me?

No. It is for analysis and alerts only. Any automation, for example an alert service, is set up separately by you.