OPEN-SOURCE SCRIPT

BTC Breakout Alert

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📈 BTC Breakout & Fakeout Detector with Volume, RSI & MACD Filters
This script helps identify high-confidence breakout setups by combining price action, volume spikes, and optional momentum filters (RSI & MACD). It’s designed to alert you when Bitcoin (or any asset) breaks above a defined resistance level with strong conviction — and warns you if that move turns out to be a fakeout.

🔍 Features:
✅ Confirmed Breakout Alerts: Triggers when price closes above your set resistance level with volume ≥ 1.5× the 20-period average.

⚠️ Fakeout Detection: Highlights when price closes back below resistance within a few candles after breakout.

📊 Momentum Filters:

RSI > 50 for bullish confirmation

MACD line > signal line to support breakout momentum

🔔 Custom Alerts: Built-in alert conditions for both breakout and fakeout events.

🔼🔽 Visual Markers: Arrows plotted directly on the chart for clear entry and caution zones.

🕒 Works on all timeframes and any asset that includes volume data.

Ideal for breakout traders who want more than just a price spike — this tool ensures volume and momentum alignment, helping you reduce false signals and react with more confidence.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.