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Rider Algo

Toolkits · Volatility & breakouts

Breakout Odds

Free

Scores how ready a range is to break and which way it leans, and only signals when quality filters agree.

Breakout Odds on a TradingView chart

What it does

Breakout Odds answers two questions while price is stuck in a range: how likely is a breakout right now (a score from 0 to 100), and which way is it leaning (a bias from bearish to bullish). It only prints a signal when quality filters also agree.

How to read it

  1. The score combines compression, volume, distance to the range edges and how many times the edges were tested. Higher means the range is more ready to break.
  2. The bias looks at where price sits in the range and other directional clues.
  3. Quality filters (trend alignment, candle confirmation and a cooldown) block weak setups.
  4. A green or red triangle appears only when all three stages agree.

When to use it

  • As a confirmation layer before trading a range breakout.

When not to use it

  • As a crystal ball: it is a filter to keep you out of weak breakouts, not a prediction.

Works well with