TS Wick Sequence Breakout – False Breakout Filter

A breakout indicator for NinjaTrader 8 that checks the volume before it signals

Most breakouts fail. Price pokes through a level, you enter, and a few candles later it is back where it started. TS Wick Sequence Breakout is built around one simple filter: a breakout only counts when the volume inside the range agrees with it. Breakouts against the volume are ignored and their box is removed, so the chart only shows the setups that pass.

How it finds the setup

Long wicks show rejection. A long upper wick means buyers pushed price up and sellers pushed it back. A long lower wick means the opposite. When several of these candles appear close together, the market is testing the same area again and again.

• Wick candles — each candle is judged on the share of its range taken by each wick (body colour does not matter). Candles too small to matter, against the ATR, are skipped.
• The sequence — when at least 3 of the last 5 candles (both adjustable) are wick candles on the same side, the indicator draws a formation box from the highest high to the lowest low of that window.
• Buy vs sell volume — while the box waits, every candle's volume is split into buying and selling by where it closed in its range. The live split shows under the box as two coloured bars and a Buy 64% / Sell 36% label.
• The breakout — when price leaves the box (by high / low, or by close if you prefer), the indicator checks the volume. Up with buyers in control is a BUY. Down with sellers in control is a SELL. Anything else is ignored.

A trade plan on every signal

Each signal comes with an entry at the signal candle's close, a stop loss from the ATR (or a fixed percentage), and three take-profit levels at the risk-to-reward ratios you choose. The risk and reward zones are shaded, every price sits in a clear pill at the right edge, and the trade is followed bar by bar — a dot marks each target reached, a tick shows a trade that hit its final target, and a cross shows one that was stopped.

Built to be read at a glance

Waiting boxes are grey with a dashed border and show how long they have waited. Boxes that break out turn green or red, with the breakout edge lit. Wick candles are tinted so you can see rejection building, even before a box forms. A compact branded panel shows your licence, whether a box is waiting, the latest box's buy / sell split, the last signal, how the current trade is going, and a simple scorecard: how often TP1 was reached before the stop on the bars loaded on your chart.

Honest by design

Signals are made on closed bars and never repaint. The stop counts first if a bar touches both the stop and a target. Only one box waits at a time, so every signal comes from one clear area. And the scorecard is there so you can check the settings on your own market before you trust them.

What you get

• Wick-candle detection with an ATR small-candle filter
• Wick-sequence formation boxes with live buy / sell volume bars and % label
• Volume-confirmed BUY and SELL breakout signals — breakouts against the volume are filtered out
• Breakout by high / low or by close, plus an optional breakout-candle size filter
• Entry, stop loss and TP1 / TP2 / TP3 with shaded risk and reward zones
• Compact four-corner panel with a TP1-before-stop scorecard
• Real-time alerts with your own sound
• Hidden Signal, StopLoss and Target plots for strategies and the Market Analyzer
• 49 plain-English settings, all documented
• 27-page illustrated PDF user guide
• 7-day free trial, lifetime updates, included in Pro Membership

Questions traders ask

Does it repaint?
No. It works on closed bars. A marker, a box colour and a trade plan appear when the signal candle closes and never change afterwards.

Which timeframe should I use?
We suggest starting on a 15-minute chart. In our own checks on NQ futures, very short charts (1 to 5 minutes) did not hold up once fees and slippage were counted. The user guide explains the timeframe findings and gives three starting setups.

Which markets does it work on?
Any market whose data includes volume — NQ, ES, Gold, Crude and their micro contracts, as well as stocks. It needs volume to split buying from selling.

Is the buy / sell volume real order flow?
No. It is estimated from where each candle closed in its range, so it works on ordinary bars without Tick Replay or an order-flow add-on.

Can I make the stop smaller?
Yes. Lower the ATR multiplier for the stop, switch to a percentage stop, or trade the micro contract. The guide shows how.

Can I use it in a strategy?
Yes. It exposes Signal (1 / -1 / 0), StopLoss and three Target values as hidden plots you can read from NinjaScript, the Strategy Builder or the Market Analyzer.

Can I try it first?
Yes. Leave the licence key empty for an automatic 7-day free trial.

Is it included in Pro Membership?
Yes. Pro Members unlock it with their membership key, along with every other included TraderSuite indicator.

Please note: TS Wick Sequence Breakout marks setups and draws a trade plan — it does not predict price and places no orders. Educational tool, not financial advice.