Price Coil Expansion & Trap Detector

✅ Title:

Price Coil Expansion & Trap Detector (PCE-TD)

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✅ Updated Description:

The PCE-TD (Price Coil Expansion & Trap Detector) is a hybrid volatility and market structure indicator designed to identify three high-impact setups:
1. Price Coil Compression Zones
2. Breakout Buy/Sell Signals (Expansion Events)
3. False Breakout Traps (Bull/Bear Fakes)

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🔍 Core Concepts & Signal Logic

✅ 1. Price Coil Detection (Compression Phase)
• Highlights tight-range zones where price volatility shrinks and candles display smaller bodies with larger wicks.
• Criteria used:
• Consecutive shrinking bodies (customizable)
• High average wick-to-body ratio
• Coil zone must be tighter than recent range average
• These zones are shaded in gray on the chart to signal potential buildup before explosive movement.

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✅ 2. Breakout Expansion Signals

Triggered when price breaks out of the coil zone with strong body momentum, optional volume spike, and optional EMA filter.

🔺 Signal: Buy↑ (Green Triangle Up)
• Appears below bar
• Triggers when:
• Price breaks above coil high
• Candle body exceeds average × user-defined multiplier
• Volume spike (if enabled)
• Trend filter (optional EMA confirmation)

🔻 Signal: Sell↓ (Red Triangle Down)
• Appears above bar
• Triggers when:
• Price breaks below coil low
• Candle body exceeds threshold
• Optional volume and trend confirmation

💬 Alerts Triggered:
• PCE-TD: Coil breakout UP
• PCE-TD: Coil breakout DOWN
These will be sent via TradingView’s alert system if configured using alert conditions.

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✅ 3. False Breakout Detector (Trap Finder)

Identifies fake breakouts that fail within the next X bars and re-enter the prior range.

❌ False Bullish Breakout:
• Printed as Red X (above bar)
• Also subtly highlights background red

❌ False Bearish Breakout:
• Printed as Green X (below bar)
• Background turns green

These help avoid chasing traps and improve timing accuracy after failed breakouts.

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⚙️ Customization Parameters:
• Coil Window Length, Shrinking Body Count, Wick-to-Body Ratio
• Volume Spike Multiplier
• EMA Trend Filter
• Range Lookback and Trap Detection Window
• Enable/disable zones, signals, and trap markers

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🧠 Designed For:
• Breakout traders
• Volatility compression pattern followers
• Traders avoiding fake breakouts
• Scalpers and swing traders alike