Inspired by the breakout routine published by Kristjan Kullamägi, a Swedish trader who started with about $5,000 saved as a mall security guard, blew up a few accounts and later grew his account past $100 million. Built by ChartArmory.
Bought the day price crossed the blue breakout line, sold the day after a close under the white 20-day line. SPY made +7.0% over the same period.
On 7 Oct 2024 price crossed the $140.02 breakout line and it bought. On 10 Dec the close fell under the 20-day line, so it sold at the next open, $327.60. Not every breakout ends like this; a failed one ends small at the red stop.
Buy at the breakout line, sell at the next open, 0.1% cost on buy and sell · a replay of the same rule as the TradingView indicator (Yahoo Finance daily data)
Download the calculation record (JSON) ↓Checking all four breakout conditions by eye every time
In ① Wait the panel spells out which conditions are still missing
Working out how many shares keep the risk at 1% of the account
Enter account size, risk % and largest position once and the size appears in the panel
Too many old signals and lines to tell what to do now
History marks are left out: a 3-line panel and three lines show only the current step
Watching the chart all day for the breakout
Three alerts (ready, broke out, sell line) cover the moments that matter
A 30%+ low-to-high run within 3 months, price above a rising 20-day average, a quiet zone where the last 10 days fit inside 2.5× the average daily range (ADR), and the Nasdaq (QQQ) above its 10- and 20-day averages. Until all four are true, the panel lists what is still missing.
The quiet zone gets a blue box, a blue breakout line on top and a red stop one daily range below. It also works out how many shares put only 1% of the account at risk.
After the buy, the red stop stays and the white 20-day average becomes the sell line. A close under the white line means it is time to sell.
Past buy and sell marks are left out on purpose: a 3-line panel (current step, breakout and stop prices, size) and three lines (blue breakout, red stop, white 20-day).
The quiet zone is boxed in blue, with the blue breakout line to buy above, the red stop under it and the share size that risks 1% of the account in the panel.
After the buy the red stop stays and the white 20-day average becomes the sell line. Sell on a close under the white line.
A $10,000 account with the stop 5% below the entry: buying with everything vs buying the 1%-risk size.
All in — one stop costs 5% of the account
1%-risk size — one stop costs 1% of the account
1%-risk size, stopped out 10 times in a row (all in: about −40%)
Start right away with the copy button and the TXT file; the install guide comes in 8 languages.
Past performance does not guarantee future results.
Inspired by the routine Kristjan Kullamägi has published and built by ChartArmory; not affiliated with or endorsed by Kullamägi.
A tight zone gives a clear top for the breakout line and lets the stop sit only one daily range below. A shorter stop means you can buy more shares for the same 1% risk.
This is a helper, not a signal that promises profits. Past return tables and past buy and sell marks are left out on purpose so the chart shows only what to do now.
No. ChartArmory built it, inspired by the breakout routine he published on his own website. He is profiled in chapter 1 of Jack Schwager's 'Market Wizards: The Next Generation' and ranked 15th on Sweden's 2021 income list (SEK 360 million).
Yes: the 3-month run-up (default 30%), quiet-zone length (10 bars) and width (2.5× ADR), the sell line (10- or 20-day), the market condition on/off and its index, plus account size, risk % and largest position.
For a one-time US$39 you get the full Pine Script v6 source through a copy button and a TXT file right after payment, an 8-language install guide and 30 days of bug-fix support.
You can edit it for personal use. Sharing, redistribution and resale rights are not included.
Own the Surf Breakout source with one payment and follow Wait, Ready and Holding right on your chart.
PULLBACK TREND
POSITION SIZER
LEADER ROTATION
TOP WARNING
CRASH BUYING
POSITION SIZING
TREND BREAKOUT
VOLATILITY BREAKOUT
LONG-TERM TREND
REBOUND OBSERVATION
BREAKOUT OBSERVATION
LIVERMORE · V3
TREND OBSERVATION
TradingView
