User-defined structural levels
The trader identifies and places the relevant support and resistance levels. BRFailedBreakout then monitors price behavior around those selected boundaries.
A NinjaTrader 8 indicator designed to identify failed breakout conditions at structural levels placed on the chart by the user—where an apparent break loses acceptance and price returns through the level.

BRFailedBreakout focuses on the transition from apparent breakout to rejection. It helps make the pattern easier to recognize while leaving location, room, risk, and execution decisions with the trader.
The trader identifies and places the relevant support and resistance levels. BRFailedBreakout then monitors price behavior around those selected boundaries.
Looks for the return through the broken boundary that distinguishes rejection from continued acceptance beyond the level.
Supports failed breakdowns below support and failed breakouts above resistance within the Black Raven framework.
Plots a directional chart arrow so the trader can evaluate the condition in its full structural context.
The chart example shows price moving below user-defined support, failing to hold below the level, and reversing higher. The green arrows identify the bearish failure; they do not replace trade qualification.
Highlights a bearish break below support that failed, with price potentially reversing back above the boundary.
Highlights a bullish break above resistance that failed, with price potentially reversing back below the boundary.
Permanent single-computer license with Machine-ID activation, installation instructions, and two complimentary machine resets within each 12-month period.