Breakout Bar PaintBar
Breakout Bar PaintBar adds an unmissable visual layer to your chart by coloring the entire price bar when a breakout signal fires. Cyan bars signal bullish breakouts — price breaking above the consolidation range with abnormal range and/or volume expansion. Magenta bars signal bearish breakouts — price breaking below the range with the same spike confirmation. Non-breakout bars retain their normal chart colors, making breakout bars stand out immediately.
- ●Cyan-colored bars mark bullish breakouts above the range high
- ●Magenta-colored bars mark bearish breakouts below the range low
- ●Non-breakout bars keep their default candlestick colors for zero visual noise
- ●Customizable colors via cBullBar and cBearBar inputs — use any TradeStation color name or RGB value
- ●Shares the same detection engine as the full bundle — four range methods, adjustable spike thresholds, close or wick-based triggers
- ●If both bullish and bearish conditions trigger on the same bar (rare), bullish takes priority
This is the simplest and fastest way to identify breakout bars on a chart. At a glance — even in peripheral vision — you can see which bars were breakout events by their color. No reading numbers, no checking subgraphs.
All signals are guaranteed non-repainting. Once a bar is colored on close, it will never change.
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Part of the Breakout Bar Bundle
Get all 3 study types for $65 — save $-5
Who This Is For
Breakout Bar PaintBar is the fastest-recognition study in the bundle. Use it when you need split-second awareness of breakout signals, especially when monitoring multiple chart windows during active trading.
Apply it alongside the ShowMe study for a two-layer system: painted bars for instant recognition, ShowMe dots or percentage labels for detailed spike data. The color contrast between cyan/magenta breakout bars and normal candlestick colors makes signals visible even when scrolling quickly or watching multiple windows.
Works on any timeframe and any liquid market. Particularly effective on 1-minute to 5-minute charts during active sessions when breakouts happen frequently. For best results, use the same detection settings (iMethod, iRangeMult, iVolMult, iLogicMode, iTriggerMode) across all studies in the bundle so signals are consistent.
See It in Action
Example chart showing Breakout Bar PaintBar on a live trading session
Installation Guide
Step 1: Download the indicator file
After purchasing, you will receive a download link via email. Click the link and save the breakout-bar-bundle-paintbar.eld file to your computer. Save it somewhere easy to find like your Desktop or Downloads folder.
Step 2: Open the Import Wizard
Open TradeStation. Click the File menu in the top-left corner, then select Import/Export EasyLanguage to launch the Import/Export Wizard.
Step 3: Select the import type
In the Import/Export Wizard, select "Import EasyLanguage file (ELD, ELS or ELA)" from the list. Click Next to continue.
Step 4: Browse for the file
Click the Browse button to open a file browser where you can locate your downloaded .ELD file.
Step 5: Select and open the file
Navigate to the folder where you saved the .ELD file. Select breakout-bar-bundle-paintbar.eld and click Open. The file name shown may differ from the screenshot — look for your downloaded indicator file.
Step 6: Open the Studies menu
On your chart, click the Studies dropdown in the toolbar and select Add Study.
Step 7: Select the PaintBar study
In the Add Studies dialog, click the PaintBar tab on the left side. Find "!IndHub-PB_BreakoutBars_v1" in the list, select it, and click OK to apply.
Step 8: Verify the study is applied
To confirm the study is active, click Studies > Edit Studies in the toolbar. You should see "!IndHub-PB_BreakoutBars_v1" listed with Status set to On.
Step 9: Configure settings (optional)
Right-click anywhere on the chart, go to Studies > Edit Studies..., select the study, and click the Inputs tab. Key inputs: cBullBar (default Cyan) and cBearBar (default Magenta) control the breakout bar colors. You can enter any TradeStation color name or use RGB values for custom colors. Detection settings (iMethod, iRangeMult, iVolMult, iLogicMode, iTriggerMode) control which bars qualify as breakouts.
Common Issues
I do not see any colored bars on my chart. The indicator is applied but nothing is painted.
The PaintBar only colors bars at the exact moment a breakout fires. If the market is consolidating without any range or volume spikes, no bars will be painted. This is normal — the absence of colored bars means no breakout signals are present. Try lowering iRangeMult and iVolMult to 1.2, or switch iLogicMode to 2 (OR) to see more signals.
I am getting too many painted bars. The chart looks noisy.
Tighten the filters: increase iRangeMult and iVolMult to 2.0 or higher to require bigger spikes. Make sure iLogicMode = 1 (AND) so both range and volume spikes are required. Use iTriggerMode = 1 (Close-based) to filter out wick-only breaks. Increase iLookback to use a wider consolidation range.
Can I change the breakout colors to something other than cyan and magenta?
Yes. Right-click anywhere on the chart, go to Studies > Edit Studies..., select the study, and click the Inputs tab. Change the cBullBar and cBearBar inputs. You can enter any TradeStation color name (Red, Green, Yellow, White, DarkGray, etc.) or use RGB(r,g,b) for custom colors. Choose colors that contrast well with your chart's candlestick colors.
For additional help, contact support.