Breakout Detector (5-min)

4 hari lalu

//version=5
indicator("Breakout Detector (5-min)", overlay=true)

// Define breakout range
length = input.int(20, minval=1, title="Lookback Period")
bullColor = color.green
bearColor = color.red

// Calculate highest high and lowest low of lookback period
highestHigh = ta.highest(high, length)
lowestLow = ta.lowest(low, length)

// Detect breakout
bullBreakout = close > highestHigh
bearBreakout = close < lowestLow

// Plot breakout signals
plotshape(bullBreakout, title="Bullish Breakout", location=location.abovebar, color=bullColor, style=shape.triangleup, size=size.small)
plotshape(bearBreakout, title="Bearish Breakout", location=location.belowbar, color=bearColor, style=shape.triangledown, size=size.small)

// Optional: Background color for breakout bars
bgcolor(bullBreakout ? color.new(bullColor, 85) : na)
bgcolor(bearBreakout ? color.new(bearColor, 85) : na)

4 hari lalu

Nota Keluaran

Identify breakouts on 5 min chart