How to Use the Pine Scanner Indicator: QRB Long Breakout RadarAgilent Technologies, Inc.NYSE:ANobilitusHow to Use the Pine Scanner Indicator: QRB Long Breakout Radar THIS IS NOT A TRADING INDICATOR The QRB Long Breakout Radar is a market discovery and scanning tool designed specifically for TradingView’s Pine Screener. It does not tell you what stock to buy. It does not generate automatic entries. Its purpose is much simpler: Find stocks that are in the right location relative to the previous quarter’s range so you can decide which charts are worth reviewing. Instead of manually opening hundreds or thousands of charts looking for Quarterly Range Breakout opportunities, the Radar organizes the market into several QRB stages. From there, the trader opens the actual chart, studies the structure, and decides whether a trade exists. New to QRB? If you are unfamiliar with the Quarterly Range Breakout concept, I strongly recommend reading the original QRB article first: That article explains the thinking behind QRB and why the previous completed quarter can be used similarly to an Opening Range Breakout on a much larger timeframe. ------------------------------ INSERT QRB LONG BREAKOUT RADAR INFOGRAPHIC HERE ------------------------------ WHAT IS QRB? QRB stands for Quarterly Range Breakout. The framework takes the basic idea behind an Opening Range Breakout and applies it to a much larger timeframe. Instead of using the first few minutes of a trading session to define a range, QRB uses the previous completed calendar quarter. The previous quarter gives us three primary reference levels: QRB High — Previous completed quarter high QRB Midline — Midpoint between the previous quarter high and low QRB Low — Previous completed quarter low Those levels remain fixed during the new quarter. The current quarter then shows us how price responds to that previous-quarter range. WHAT THE QRB LONG BREAKOUT RADAR IS The Pine Scanner Indicator: QRB Long Breakout Radar is a discovery tool built specifically for TradingView’s Pine Screener. The scanner evaluates stocks relative to their previous-quarter range and identifies what stage of the QRB process they are currently in. It can help locate stocks that are: Building toward the QRB High Approaching a possible breakout Making a fresh QRB breakout Retesting the previous-quarter High Expanding above the quarterly range Instead of searching chart by chart, the Radar narrows a large market universe down to the stocks that may deserve further analysis. WHAT THE QRB LONG BREAKOUT RADAR IS NOT This scanner is not a complete trading system. It does not determine: When you should buy Where your stop loss should be placed Position size Profit targets Risk/reward Whether a breakout will succeed Whether a company is fundamentally strong The Radar finds location. The trader still needs to evaluate structure. A stock can mathematically be near the QRB High and still have poor price action. That is why every scanner result should lead to chart analysis before any trading decision is made. HOW QRB POSITION % WORKS One of the most useful measurements in the scanner is QRB Position %. The previous-quarter range is converted into a percentage scale. 0% = QRB Low 50% = QRB Midline 100% = QRB High For example: Previous-quarter Low = $100 Previous-quarter High = $140 Quarterly Range = $40 Current price = $132 Price is approximately 80% through the QRB range. That tells us the stock is trading in the upper portion of the previous-quarter range and may be entering the QRB Building stage. This also allows stocks with very different prices and volatility to be compared using the same framework. THE MAIN SCANNER COLUMNS QRB High The high of the previous completed calendar quarter. This is the main long breakout level. QRB Midline The midpoint between the previous-quarter High and Low. QRB Low The low of the previous completed calendar quarter. QRB Position % Shows where current price is located relative to the previous-quarter range. Examples: 50% = Midline 75% = Upper portion of the range 95% = Very close to QRB High 100% = QRB High Above 100% = Price is trading above the quarterly range Distance to High % Shows how far price is from the QRB High relative to the size of the quarterly range. A smaller number means price is closer to the breakout level. Days Into Quarter Shows how many trading days have passed during the current calendar quarter. Over time, this can also help us study when QRB opportunities tend to develop. QRB Status Identifies the current QRB state. The primary long-side statuses are: 2 = QRB Building 3 = QRB Pre-Breakout Ready 4 = QRB Fresh Breakout 5 = QRB Retest 6 = QRB Expansion Approach Direction Approach Direction helps determine whether price is moving toward or away from the QRB High. 1 = Rising 0 = Flat -1 = Falling This is important because a stock can physically be near the QRB High while actually moving lower. That is very different from a stock advancing toward the level from underneath. Breakout Seen Breakout Seen tracks whether the stock has already broken above QRB High during the current quarter. 0 = No previous breakout this quarter 1 = Breakout has already occurred This prevents a stock that previously broke out and later returned inside the range from being incorrectly treated as a fresh pre-breakout opportunity. HOW TO SET UP THE PINE SCREENER Open TradingView and go to: Products > Screeners > Pine Select: Pine Scanner Indicator: QRB Long Breakout Radar Set the timeframe to: 1D Then select the market universe you want to scan. Examples may include: S&P 500 Russell 2000 Other supported stock indexes Your own custom watchlist From there, the Radar can be divided into several saved scans. 1. QRB BUILDING — LONG Set: QRB Status = 2 AND Approach Direction = 1 This scan finds stocks generally trading between approximately 70% and 90% of the previous-quarter range while currently moving higher. These are not immediate breakout setups. They are early-stage watchlist candidates. The idea is: Something may be developing here. Price still has room before reaching QRB High, but the structure is progressing toward the upper boundary. Best use: Building an early watchlist before the setup becomes obvious. 2. QRB PRE-BREAKOUT READY Set: QRB Status = 3 AND Distance to High % = 0 to 10 These stocks are in the final portion of the previous-quarter range immediately beneath the QRB High. They are: Close to QRB High Rising toward the level Still below the High And have not already confirmed a QRB breakout during the current quarter For this scan, I recommend sorting: Distance to High % — Smallest to Largest This moves the stocks closest to QRB High to the top of the list. Best use: Creating a prime watchlist for potential QRB breakout candidates. This does not mean the stock should automatically be bought. It simply means: This chart deserves closer attention. 3. QRB FRESH BREAKOUT Set: QRB Status = 4 This identifies the stock’s first QRB breakout of the current quarter. The key word is: Fresh. A stock that broke out several weeks ago should not continue appearing as a new breakout. The scanner remembers whether the quarterly breakout has already occurred. Best use: Finding newly triggered QRB setups. Because the scanner operates on the daily timeframe, traders should decide for themselves whether they require a completed daily close before considering the breakout confirmed. 4. QRB RETEST — LONG Set: QRB Status = 5 This finds stocks that previously broke above QRB High and later returned toward the breakout area. This can produce the classic: Breakout > Pullback > Retest > Continuation structure. The old resistance level may begin acting as support. However, the scanner only identifies the location. The trader still needs to determine whether price is: Holding the level Rejecting lower prices Stabilizing Reclaiming the breakout area Or simply continuing to fall Best use: Finding potential continuation opportunities after the original QRB breakout. 5. QRB EXPANSION Set: QRB Status = 6 These stocks have already broken above QRB High and are continuing to trade above the previous-quarter range. The breakout has already occurred. Price is now in the expansion stage. Best use: Monitoring: Ongoing QRB trends Existing positions Strong breakouts Continuation opportunities Stocks already moving through projected QRB targets Later in a quarter, the Expansion category may contain many more stocks because successful breakouts have already had time to develop. THE QRB LONG-SIDE PROGRESSION The QRB process can be thought of as a progression: QRB Building ↓ QRB Pre-Breakout Ready ↓ QRB Fresh Breakout ↓ QRB Retest ↓ QRB Expansion Not every stock will move through every stage. Some stocks will fail. Some will return inside the range. Some will never reach QRB High. Some will break out and never retest. The scanner is not trying to predict which path price will take. Its purpose is simply to tell you where the stock currently sits within the QRB process. HOW I USE THE RADAR My personal workflow is intentionally simple. Step 1 — Scan Run the QRB screens. Step 2 — Find Candidates Start with QRB Building and QRB Pre-Breakout Ready. Then check Fresh Breakout and Retest opportunities. Step 3 — Open the Chart Never make a trading decision directly from the scanner. Open the actual chart. Step 4 — Study Structure Ask: Is price approaching QRB High cleanly? Is the stock moving higher or falling toward the level? Is there clear room above the breakout? Is price showing acceptance or rejection? Is this an orderly move or a sudden event-driven spike? Has the stock already made a large move? Step 5 — Make the Trading Decision At this point, the scanner has completed its job. The chart determines whether there is actually a trade. A GOOD SCANNER SHOULD SOMETIMES SHOW NOTHING This may be one of the most important parts of using a scanner correctly. Sometimes the QRB Fresh Breakout scan may return no stocks. Sometimes the Pre-Breakout Ready screen may contain only one or two names. That does not necessarily mean something is wrong. It may simply mean: The market is not currently presenting many setups that meet those exact conditions. That information is valuable. The goal is not to manufacture opportunities simply because we want something to trade. The goal is to identify clean opportunities when they actually exist. WHY THE RADAR USES MULTIPLE STAGES At first, it might seem easier to simply scan for: Stocks close to the previous-quarter High. But testing showed why that was not enough. A stock can be near QRB High because it is: Rising toward the level Falling toward the level Returning after an earlier breakout Consolidating beneath resistance Already expanding above the range Those are very different market conditions. That is why the Radar tracks the state of the QRB setup rather than simply measuring distance from a price level. SCANNER FIRST. CHART SECOND. The QRB Radar is designed to answer: Which charts should I look at? It is not designed to answer: Which stock should I buy? Those are two completely different questions. The scanner can process hundreds or thousands of stocks. The trader can then spend time studying only the charts that matter. That is the purpose of the tool. FINAL THOUGHTS QRB began with a simple question: What happens if the same market behavior behind an Opening Range Breakout is applied to an entire quarter? The QRB Long Breakout Radar takes that idea one step further. Instead of manually searching chart after chart for quarterly breakout structures, the Radar organizes the market into a simple workflow: Building → Pre-Breakout Ready → Fresh Breakout → Retest → Expansion The scanner finds the location. The chart shows the structure. The trader makes the decision. Keep it simple. Be patient. And remember: You do not need more trades. You need cleaner opportunities. ____________________________ QRB RESOURCES ____________________________ Learn the QRB Method ORB for Swing Traders: The Quarterly Range Breakout (QRB) Method Quarterly-Range-Breakout-QRB-Method/ QRB — Quarterly Range Breakout Indicator A clean chart indicator for displaying the core Quarterly Range Breakout structure. Quarterly Range Breakout with Targets QRB chart indicator with projected target levels above and below the quarterly range. Pine Scanner Indicator: QRB Long Breakout Radar — For Stocks The Pine Screener discovery tool explained in this article.