TwoCandle BreakZone by zbc888

📌​Overview​
The ​2candle-break​ indicator identifies short-term momentum entries using a ​Two Bar Pullback Break​ strategy. Designed primarily for ​Binary Options​ (5min–1hr charts) and adaptable to ​Forex scalping, it highlights breakout zones with dynamic support/resistance lines and alerts.

🔍Core Strategy Logic​
​✅ Bullish Break (Green Arrow)​​
​

• Setup:
  
• Requires ​2–3 consecutive bearish (red) candles​ followed by a ​bullish (green) candle​ forming a pivot.
  
• The breakout triggers when the bullish candle’s ​high exceeds the highest high​ of the preceding bearish candles.
  
• ​Visuals:
  
• A ​blue resistance line​ marks the breakout level.
  
• A ​green fill​ highlights the pullback range between support/resistance.
  ❌
• ​Bearish Break (Red Arrow)​​
  
• ​Setup:
  
• Requires ​2–3 consecutive bullish (green) candles​ followed by a ​bearish (red) candle​ forming a pivot.
  
• The breakout triggers when the bearish candle’s ​low breaks the lowest low​ of the preceding bullish candles.
  

​Visuals:

• 
  A ​red support line​ marks the breakdown level.
  💻 Code Implementation Highlights​Consecutive Candle Counter:
• Uses TDUp to track consecutive bullish candles (resets on bearish closes).
  
• Example: TDUp == 2 signals two consecutive bullish candles.
  Support/Resistance Lines:
• Draws dynamic lines using line.new based on the highest/lowest of the prior two candles.
  
• Lines extend to the right (extend.right) and update as new bars form.
  
• ​Labels for Consecutive Moves:
  
• Displays labels "2," "3," "4," or "5" above bars to indicate consecutive bullish candles (e.g., "2" for two in a row).
  
• ​Style Customization:
  
• Users can adjust line styles (solid/dashed/dotted).
  
• ​Trading Applications​
  
• ​Binary Options​
  
• ​Entry: Trade when price touches the breakout line (blue/red) and the arrow appears.
  
• ​Confirmation: Wait for a ​1–2 pip pullback; if the arrow remains, enter at candle close.
  
• ​Avoid Weak Signals: Skip if the arrow disappears (lack of momentum).
  
• ​Forex Scalping​
  
• Use default settings for quick trades.
  
• For longer-term trades, adjust MACD/MA filters (not shown in code but recommended).
  
• ​Additional Features (Descriptive)​​
  
• ​Binary Option Statistics:
  
• Tracks success/failure rates, max consecutive wins/losses, and more (not implemented in provided code).
  

​Filters:
Optional MACD, moving averages, or Guppy’s Three Bar Count Back method for refined signals.
​References & Resources​
​Trading Concepts:
"Fundamentals of Price Action Trading" (YouTube).
Daryl Guppy’s Three Bar Count Back Method (YouTube).
​📝Note on Code vs. Description​
The provided code focuses on ​bullish momentum tracking​ (via TDUp), while the descriptive strategy emphasizes ​pullbacks after bearish moves. This discrepancy suggests the code may represent a simplified version or component of the full indicator. For complete functionality (statistics, filters), refer to the official resource.