PINE LIBRARY

lib_failed_breakdown

69
Failed breakdown/breakout detection with exhaustion support and resistance levels.

Identifies swing high/low exhaustion points as support/resistance. Detects when price breaks through a level but fails to hold — a failed breakdown (bullish exhaustion signal) or failed breakout (bearish exhaustion signal). These structural signals are key for counter-trend trade activation.

Adapted from Leledc Levels by InSilico:
Leledc levels (IS)


**Exports:** `detect()` — returns failed BD/BO flags, support/resistance levels, and price action failure signals.

Used by: TCD - Trade Consistent & Disciplined (indicator)

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.