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Breakout Range LS alert 893 popup trigger ver For Japanese major donchain breakout bot's logic.
it's trigger are price range and highest/lowest price.
this script put on symbol/text in chart when price reach on trigger:)
recommend to use on 1h chart.
include alertcondition for TV alert.
US 30 Daily Breakout Strategy The US 30 Daily Breakout Strategy (Single Trade Per Breakout/Breakdown) is a trading approach for the US 30 (Dow Jones Industrial Average) that aims to capture breakout or breakdown moves based on the previous day’s high and low levels. The strategy includes mechanisms to take only one trade per breakout (or breakdown) each day and ensures that each trade is executed only when no other trade is open.
Entry Conditions:
Long Trade (Breakout): The strategy initiates a long position if the current candle closes above the previous day's high, indicating an upward breakout. Only one breakout trade can occur per day, regardless of whether the price remains above the previous high.
Short Trade (Breakdown): The strategy initiates a short position if the current candle closes below the previous day's low, indicating a downward breakdown. Similarly, only one breakdown trade can occur per day.
Risk Management:
Take Profit and Stop Loss: Each trade has a take profit and stop loss of 50 points, aiming to cap profit and limit loss effectively for each position.
Daily Reset Mechanism:
At the start of each new day (based on New York time), the strategy resets its flags, allowing it to look for new breakout or breakdown trades. This reset ensures that only one trade can be taken per breakout or breakdown level each day.
Execution Logic
Flags for Trade Limitation: Flags (breakout_traded and breakdown_traded) are used to ensure only one breakout or breakdown trade is taken per day. These flags reset daily.
Dynamic Plotting: The previous day’s high and low are plotted on the chart, providing a visual reference for potential breakout or breakdown levels.
Overall Objective
This strategy is designed to capture single-directional daily moves by identifying significant breakouts or breakdowns beyond the previous day’s range. The fixed profit and loss limits ensure the trades are managed with controlled risk, while the daily reset feature prevents overtrading and limits each trade opportunity to one breakout and one breakdown attempt per day.
RSI Volatility Suppression Zones [BigBeluga]RSI Volatility Suppression Zones is an advanced indicator that identifies periods of suppressed RSI volatility and visualizes these suppression zones on the main chart. It also highlights breakout dynamics, giving traders actionable insights into potential market momentum.
🔵 Key Features:
Detection of Suppression Zones:
Identifies periods where RSI volatility is suppressed and marks these zones on the main price chart.
Breakout Visualization:
When the price breaks above the suppression zone, the box turns aqua, and an upward label is drawn to indicate a bullish breakout.
If the price breaks below the zone, the box turns purple, and a downward label is drawn for a bearish breakout.
Breakouts accompanied by a "+" label represent strong moves caused by short-lived, tight zones, signaling significant momentum.
Wave Labels for Consolidation:
If the suppression zone remains unbroken, a "wave" label is displayed within the gray box, signifying continued price stability within the range.
Gradient Intensity Below RSI:
A gradient strip below the RSI line increases in intensity based on the duration of the suppressed RSI volatility period.
This visual aid helps traders gauge how extended the low volatility phase is.
🔵 Usage:
Identify Breakouts: Use color-coded boxes and labels to detect breakouts and their direction, confirming potential trend continuation or reversals.
Evaluate Market Momentum: Leverage "+" labels for strong breakout signals caused by short suppression phases, indicating significant market moves.
Monitor Price Consolidation: Observe gray boxes and wave labels to understand ongoing consolidation phases.
Analyze RSI Behavior: Utilize the gradient strip to measure the longevity of suppressed volatility phases and anticipate breakout potential.
RSI Volatility Suppression Zones provides a powerful visual representation of RSI volatility suppression, breakout signals, and price consolidation, making it a must-have tool for traders seeking to anticipate market movements effectively.
Monthly Breakout StrategyThis Monthly High/Low Breakout Strategy is designed to take long or short positions based on breakouts from the high or low of the previous month. Users can select whether they want to go long at a breakout above the previous month’s high, short at a breakdown below the previous month’s low, or use the reverse logic. Additionally, it includes a month filter, allowing trades to be executed only during user-specified months.
Breakout strategies, particularly those based on monthly highs and lows, aim to capitalize on price momentum. These systems rely on the assumption that once a significant price level is breached (such as the previous month's high or low), the market is likely to continue moving in the same direction due to increased volatility and trend-following behaviors by traders. Studies have demonstrated the potential effectiveness of breakout strategies in financial markets.
Scientific Evidence Supporting Breakout Strategies:
Momentum in Financial Markets:
Research on momentum-based strategies, which include breakout trading, shows that securities breaking key levels of support or resistance tend to continue their price movement in the direction of the breakout. Jegadeesh and Titman (1993) found that stocks with strong performance over a given period tend to continue performing well in subsequent periods, a principle also applied to breakout strategies.
Behavioral Finance:
The psychological factor of herd behavior is one of the driving forces behind breakout strategies. When prices break out of a key level (such as a monthly high), it triggers increased buying or selling pressure as traders join the trend. Barberis, Shleifer, and Vishny (1998) explained how cognitive biases, such as overconfidence and sentiment, can amplify price trends, which breakout strategies attempt to exploit.
Market Efficiency:
While markets are generally efficient, periods of inefficiency can occur, particularly around the breakouts of significant price levels. These inefficiencies often result in temporary price trends, which breakout strategies can exploit before the market corrects itself (Fama, 1970).
Risk Considerations:
Despite the potential for profit, the Monthly Breakout Strategy comes with several risks:
False Breakouts:
One of the most common risks in breakout strategies is the occurrence of false breakouts. These happen when the price temporarily moves above (or below) a key level but quickly reverses direction, causing losses for traders who entered positions too early. This is particularly risky in low-volatility environments.
Market Volatility:
Monthly breakout strategies rely on momentum, which may not be consistent across different market conditions. During periods of low volatility, price breakouts might lack the follow-through required for the strategy to succeed, leading to poor performance.
Whipsaw Risk:
The strategy is vulnerable to whipsaw markets, where prices oscillate around key levels without establishing a clear direction. This can result in frequent entry and exit signals that lead to losses, especially if trading costs are not managed properly.
Overfitting to Past Data:
If the month-selection filter is overly optimized based on historical data, the strategy may suffer from overfitting—performing well in backtests but poorly in real-time trading. This happens when strategies are tailored to past market conditions that may not repeat.
Conclusion:
While monthly breakout strategies can be effective in markets with strong momentum, they are subject to several risks, including false breakouts, volatility dependency, and whipsaw behavior. It is crucial to backtest this strategy thoroughly and ensure it aligns with your risk tolerance before implementing it in live trading.
References:
Jegadeesh, N., & Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. Journal of Finance, 48(1), 65-91.
Barberis, N., Shleifer, A., & Vishny, R. (1998). A Model of Investor Sentiment. Journal of Financial Economics, 49(3), 307-343.
Fama, E. F. (1970). Efficient Capital Markets: A Review of Theory and Empirical Work. Journal of Finance, 25(2), 383-417.
Pure Price Action ICT Tools [LuxAlgo]The Pure Price Action ICT Tools indicator is designed for pure price action analysis, automatically identifying real-time market structures, liquidity levels, order & breaker blocks, and liquidity voids.
Its unique feature lies in its exclusive reliance on price patterns, without being constrained by any user-defined inputs, ensuring a robust and objective analysis of market dynamics.
🔶 MARKET STRUCTURES
A Market Structure Shift, also known as a Change of Character (CHoCH), is a pivotal event in price action analysis indicating a potential change in market sentiment or direction. An MSS occurs when the price reverses from an established trend, signaling that the prevailing trend may be losing momentum and a reversal might be underway. This shift is often identified by key technical patterns, such as a higher low in a downtrend or a lower high in an uptrend, which indicate a weakening of the current trend's strength.
A Break of Structure typically indicates the continuation of the current market trend. This event occurs when the price decisively moves beyond a previous swing high or low, confirming the strength of the prevailing trend. In an uptrend, a BOS is marked by the price breaking above a previous high, while in a downtrend, it is identified by the price breaking below a previous low.
While a Market Structure Shift (MSS) can indicate a potential trend reversal and a Break of Structure (BOS) often confirms trend continuation, they do not assure a complete reversal or continuation. MSS and BOS levels can also function as liquidity zones or areas of price consolidation rather than definitively signaling a change in market direction. Traders should approach these signals cautiously and validate them with additional factors before making trading decisions. For further details on other components of the tool, please refer to the following sections.
🔶 ORDER & BREAKER BLOCKS
Order and Breaker Blocks are key concepts in price action analysis that help traders identify significant levels in the market structure.
Order Blocks are specific price zones where significant buying or selling activity has occurred. These zones often represent the actions of large institutional traders or market makers, who execute substantial orders that impact the market.
Breaker Blocks are specific price zones where a strong reversal occurs, causing a break in the prevailing market structure. These blocks indicate areas where the price encountered significant resistance or support, leading to a reversal.
In summary, Order and Breaker Blocks are essential tools in price action analysis, providing insights into significant market levels influenced by institutional trading activities. These blocks help traders make informed decisions about potential support and resistance levels, trend reversals, and breakout confirmations.
🔶 BUYSIDE & SELLSIDE LIQUIDITY
Both buy-side and sell-side liquidity zones are critical for identifying potential turning points in the market. These zones are where significant buying or selling interest is concentrated, influencing future price movements.
In summary, buy-side and sell-side liquidity provide crucial insights into market demand and supply dynamics, helping traders make informed decisions based on the availability of orders at different price levels.
🔶 LIQUIDITY VOIDS
Liquidity voids are gaps or areas on a price chart where there is a lack of trading activity. These voids represent zones with minimal to no buy or sell orders, often resulting in sharp price movements when the market enters these areas.
In summary, liquidity voids are crucial areas on a price chart characterized by a lack of trading activity. These voids can lead to rapid price movements and increased volatility, making them essential considerations for traders in their analysis and decision-making processes.
🔶 SWING POINTS
Reversal price points are commonly referred to as swing points. Traders often analyze historical swing points to discern market trends and pinpoint potential trade entry and exit points.
Do note that in this script these are subject to backpainting, that is they are not located where they are detected.
The detection of swing points and the unique feature of this script rely exclusively on price action, eliminating the need for numerical user-defined settings. The process begins with detecting short-term swing points:
Short-Term Swing High (STH): Identified as a price peak surrounded by lower highs on both sides.
Short-Term Swing Low (STL): Recognized as a price trough surrounded by higher lows on both sides.
Intermediate-term and long-term swing points are detected using the same approach but with a slight modification. Instead of directly analyzing price candles, previously detected short-term swing points are utilized. For intermediate-term swing points, short-term swing points are analyzed, while for long-term swing points, intermediate-term ones are used.
This method ensures a robust and objective analysis of market dynamics, offering traders reliable insights into market structures. Detected swing points serve as the foundation for identifying market structures, buy-side/sell-side liquidity levels, and order and breaker blocks presented with this tool.
In summary, swing points are essential elements in technical analysis, helping traders identify trends, support, and resistance levels, and optimal entry and exit points. Understanding swing points allows traders to make informed decisions based on the natural price movements in the market.
🔶 SETTINGS
🔹 Market Structures
Market Structures: Toggles the visibility of the market structures, both shifts and breaks.
Detection: An option that allows users to detect market structures based on the significance of swing levels, including short-term, intermediate-term, and long-term.
Market Structure Labels: Controls the visibility of labels that highlight the type of market structure.
Line Style: Customizes the style of the lines representing the market structure.
🔹 Order & Breaker Blocks
Order & Breaker Blocks: Toggles the visibility of the order & breaker blocks.
Detection: An option that allows users to detect order & breaker blocks based on the significance of swing levels, including short-term, intermediate-term, and long-term.
Last Bullish Blocks: Number of the most recent bullish order/breaker blocks to display on the chart.
Last Bearish Blocks: Number of the most recent bearish order/breaker blocks to display on the chart.
Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range.
🔹 Buyside & Sellside Liquidity
Buyside & Sellside Liquidity: Toggles the visibility of the buyside & sellside liquidity levels.
Detection: An option that allows users to detect buy-side & sell-side liquidity based on the significance of swing levels, including short-term, intermediate-term, and long-term.
Margin: Sets margin/sensitivity for a liquidity level detection.
Visible Levels: Controls the amount of the liquidity levels/zones to be visualized.
🔹 Liquidity Voids
Liquidity Voids: Enable display of both bullish and bearish liquidity voids.
Threshold Multiplier: Defines the multiplier for the threshold, which is hard-coded to the 200-period ATR range.
Mode: Controls the lookback length for detection and visualization. Present considers the last X bars specified in the option, while Historical includes all available data.
Label: Enable display of a label indicating liquidity voids.
🔹 Swing Highs/Lows
Swing Highs/Lows: Toggles the visibility of the swing levels.
Detection: An option that allows users to detect swing levels based on the significance of swing levels, including short-term, intermediate-term, and long-term.
Label Size: Control the size of swing level labels.
🔶 RELATED SCRIPTS
Pure-Price-Action-Structures.
Market-Structures-(Intrabar).
Buyside-Sellside-Liquidity.
Order-Breaker-Blocks.
Swing Failure Pattern SFP [TradingFinder] SFP ICT Strategy🔵 Introduction
The Swing Failure Pattern (SFP), also referred to as a "Fake Breakout" or "False Breakout," is a vital concept in technical analysis. This pattern is derived from classic technical analysis, price action strategies, ICT concepts, and Smart Money Concepts.
It’s frequently utilized by traders to identify potential trend reversals in financial markets, especially in volatile markets like cryptocurrencies and forex. SFP helps traders recognize failed attempts to breach key support or resistance levels, providing strategic opportunities for trades.
The Swing Failure Pattern (SFP) is a popular strategy among traders used to identify false breakouts and potential trend reversals in the market. This strategy involves spotting moments where the price attempts to break above or below a previous high or low (breakout) but fails to sustain the move, leading to a sharp reversal.
Traders use this strategy to identify liquidity zones where stop orders (stop hunt) are typically placed and targeted by larger market participants or whales.
When the price penetrates these areas but fails to hold the levels, a liquidity sweep occurs, signaling exhaustion in the trend and a potential reversal. This strategy allows traders to enter the market at the right time and capitalize on opportunities created by false breakouts.
🟣 Types of SFP
When analyzing SFPs, two main variations are essential :
Real SFP : This occurs when the price breaks a critical level but fails to close above it, then quickly reverses. Due to its clarity and strong signal, this SFP type is highly reliable for traders.
Considerable SFP : In this scenario, the price closes slightly above a key level but quickly declines. Although significant, it is not as definitive or trustworthy as a Real SFP.
🟣 Understanding SFP
The Swing Failure Pattern, or False Breakout, is identified when the price momentarily breaks a crucial support or resistance level but cannot maintain the movement, leading to a rapid reversal.
The pattern can be categorized as follows :
Bullish SFP : This type occurs when the price dips below a support level but rebounds above it, signaling that sellers failed to push the price lower, indicating a potential upward trend.
Bearish SFP : This pattern forms when the price surpasses a resistance level but fails to hold, suggesting that buyers couldn’t maintain the higher price, leading to a potential decline.
🔵 How to Use
To effectively identify an SFP or Fake Breakout on a price chart, traders should follow these steps :
Identify Key Levels: Locate significant support or resistance levels on the chart.
Observe the Fake Breakout: The price should break the identified level but fail to close beyond it.
Monitor Price Reversal: After the breakout, the price should quickly reverse direction.
Execute the Trade: Traders typically enter the market after confirming the SFP.
🟣 Examples
Bullish Example : Bitcoin breaks below a $30,000 support level, drops to $29,000, but closes above $30,000 by the end of the day, signaling a Real Bullish SFP.
Bearish Example : Ethereum surpasses a $2,000 resistance level, rises to $2,100, but then falls back below $2,000, forming a Bearish SFP.
🟣 Pros and Cons of SFP
Pros :
Effective in identifying strong reversal points.
Offers a favorable risk-to-reward ratio.
Applicable across different timeframes.
Cons :
Requires experience and deep market understanding.
Risk of encountering false breakouts.
Should be combined with other technical tools for optimal effectiveness.
🔵 Settings
🟣 Logical settings
Swing period : You can set the swing detection period.
SFP Type : Choose between "All", "Real" and "Considerable" modes to identify the swing failure pattern.
Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine.
Max Swing Back : You can set the number of swings that will go back for checking.
🟣 Display settings
Displaying or not displaying swings and setting the color of labels and lines.
🟣 Alert Settings
Alert SFP : Enables alerts for Swing Failure Pattern.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
🔵 Conclusion
The Swing Failure Pattern (SFP), or False Breakout, is an essential analytical tool that assists traders in identifying key market reversal points for successful trading.
By understanding the nuances between Real SFP and Considerable SFP, and integrating this pattern with other technical analysis tools, traders can make more informed decisions and better manage their trading risks.
Trend Breakout [Uncle Sam Trading]Trend Breakout Indicator
Overview
The Trend Breakout Indicator is a powerful, non-repainting tool designed to help traders identify high-probability breakout and trend reversal setups on any market and timeframe. By leveraging pivot points, this indicator draws dynamic support and resistance channels, highlights counter-trend breakouts, and provides visual cues for market direction. It’s ideal for traders looking to simplify their analysis while targeting key price levels for entries and exits.
Key Features
Pivot-Based Channels: Draws a red upper channel (resistance) and a green lower channel (support) by connecting recent pivot highs and lows.
Counter-Trend Breakout Signals:
Blue “CT Breakup” signal (▲) when the price breaks above the upper channel during a downtrend, indicating a potential reversal or pullback.
Orange “CT Breakdown” signal (▼) when the price breaks below the lower channel during an uptrend, signaling a potential downmove.
Trend Visualization: Background color shifts to green for uptrends and red for downtrends, making it easy to gauge market direction.
Customizable Settings: Adjust pivot detection sensitivity with “Pivot Left Bars” (default: 5) and “Pivot Right Bars” (default: 1), and control channel extension with “Channel Extension Bars” (default: 50).
Optional Trend Signals: Enable “Show Trend Change Signals” to display trend shifts with green (uptrend) or red (downtrend) arrows.
Alert Conditions: Set alerts for counter-trend breakouts and trend changes directly on TradingView.
Example Performance (BTCUSDT, 1-Hour Chart)
On the BTCUSDT 1-hour chart:
A “CT Breakdown” signal appeared on April 6 at 8:00 AM at $82,700, followed by a drop to $74,400 within hours—a 10% move.
A “CT Breakup” signal occurred on April 9 at 1:00 AM at $76,600, leading to a rally to $86,600 in a few hours—a 9% gain.
These examples highlight the indicator’s ability to spot significant price movements, though results depend on market conditions, your trading style, and risk management.
Settings
Pivot Left Bars (default: 5): Number of bars to the left for pivot detection.
Pivot Right Bars (default: 1): Number of bars to the right for pivot confirmation (ensures non-repainting signals).
Channel Extension Bars (default: 50): How far the channels extend to the right.
Show Pivot Points (default: true): Displays small triangles at pivot highs (maroon) and lows (navy).
Show Counter-Trend Breakout Signals (default: true): Shows CT Breakup and CT Breakdown signals.
Show Trend Change Signals (default: false): Displays trend shift arrows when enabled.
How to Use
Add the indicator to your chart via TradingView’s indicator library.
Adjust the settings to match your trading style and timeframe.
Watch for “CT Breakup” and “CT Breakdown” signals to identify potential trade setups.
Use the background color (green/red) to confirm the current trend.
Set alerts for breakouts or trend changes to stay updated on key signals.
Always combine with proper risk management and your own analysis—past performance is not a guarantee of future results.
Notes
The indicator is non-repainting, meaning signals are confirmed and won’t disappear after they form.
Works on any market (crypto, forex, stocks) and timeframe, such as the BTCUSDT 1-hour chart shown.
Performance varies based on market volatility and your trading strategy.
This is a free tool created to support the TradingView community—feedback is welcome in the comments!
Disclaimer
Trading involves risk, and this indicator is not a guaranteed predictor of future price movements. Always conduct your own analysis and manage risk appropriately. The examples provided (e.g., BTCUSDT signals) are for educational purposes only and reflect past performance, which may not repeat.
Multi-Timeframe S/R & Breakout Projection1) What This Script Does
Collects S/R levels from the 15-minute and 1-hour timeframes, using each timeframe’s pivot detection.
Sorts those pivot-based levels by their distance from the current price, so you see the nearest levels first.
Draws up to a user-defined number of those levels as horizontal rays on the current chart.
Checks breakouts at the nearest S/R line (the one with the smallest distance from price):
Real Breakout: price breaks above a level and sustains above it for the specified number of bars.
False Breakout: price breaks above but quickly closes back below within the specified lookback.
On confirmation of a real or false breakout, that S/R line changes color to green if price is going higher, or red if price is going lower.
Displays a small table in the corner with:
Daily Trend: bullish or bearish, using an SMA on a 30-minute timeframe.
Sentiment: bullish or bearish, using RSI on the same 30-minute timeframe.
2) How It Works
Multi-Timeframe Pivot Detection
The script uses request.security() to fetch pivot highs/lows from two higher timeframes (15m and 60m).
It collects up to a user-specified number of these pivots (numRecent) from each TF.
Sorting & Plotting S/R Lines
Once pivot values are gathered, the script calculates their “distance” from current price.
It sorts them so that the S/R lines drawn on your chart are the nearest ones first.
Each line is drawn with a color and style you can customize:
srRayColor sets the overall color (e.g. yellow).
srRayStyleOptions can be Solid, Dashed, or Dotted.
Breakout Determination
After drawing the lines, the script looks at the nearest line and applies two specialized checks (f_isFalseBreakout & f_isRealBreakout):
A real breakout occurs if price closes above (or below) and remains on that side for breakLook bars.
A false breakout occurs if price closes above (or below) but quickly returns.
When a breakout is confirmed, that nearest line changes color to:
Green if price is ultimately going up,
Red if price is going down.
Daily Trend & Sentiment Table
A small table in the bottom-right corner shows:
Daily Trend: uses a 30-minute SMA to see if your price is above/below on that timeframe.
Sentiment: uses the RSI (also on 30m). A value over 50 suggests bullish sentiment; under 50 suggests bearish.
3) How to Use It
Timeframes & Pivots
Choose how many pivots (numRecent) from each TF to fetch (up to 10 total). A higher number means you’ll see more historical S/R lines.
Customize pivotLeft & pivotRight for how “wide” the pivot detection is.
Line Customization
In the script’s Inputs tab, you’ll find:
S/R Rays Color – sets the hue of the lines.
S/R Line Style – pick from Solid, Dashed, or Dotted.
Liquidity Lines Color – color for the smaller pivot lines from your chart timeframe’s pivot detection.
Breakout Lookback
breakLook determines how many bars must confirm or refute the breakout. Adjust it based on how conservative or aggressive you want the breakout detection.
Check the Table
In the bottom-right, watch the script’s “Daily Trend” & “Sentiment”. This can be a quick filter for trades:
“Bullish” daily trend with a bullish sentiment is often more favorable for long trades.
Conversely, “Bearish” daily trend & sentiment can confirm short ideas.
Scenarios
If you see a “Real Breakout” label near the line, the script recolors that line green or red, indicating a possible continuous move.
A “False Breakout” label suggests the price has quickly retraced.
4) Originality & Concepts
Multi-Timeframe Approach: Many S/R indicators fetch only local pivot lines; here, we explicitly gather pivot points from two separate TFs (15m & 60m) and project them onto your lower timeframe chart.
Distance-Based Sorting ensures you only see the nearest lines on the chart, preventing clutter from excessive lines.
Breakout Logic used is straightforward but effective: it checks if price truly holds beyond a level (real breakout) or fails to hold (false breakout).
Line Recoloring provides immediate visual feedback on the success or failure of the breakout.
5) Chart Usage
Plot this script on a relatively low timeframe chart (like the 1m, 5m, or 15m) to see the higher timeframe S/R lines.
Select how many S/R lines you want to show, choose the line style, set your pivot detection parameters, then watch for breakouts.
Tips:
Start with fewer lines (maxLevels=3 or 5) so the chart remains clear.
You can experiment with a small breakLook if you want more immediate breakout signals, or a higher breakLook if you need stronger confirmation.
Enjoy using the “Multi-Timeframe S/R & Breakout Projection” script! It simplifies the manual process of spotting higher timeframe pivot lines and helps you quickly assess potential breakouts or fakes on your intraday charts, all while giving you a snapshot of the higher timeframe’s trend and sentiment.
Market Structure Break with Volume & ATR#### Indicator Overview:
The *Market Structure Break with Volume & ATR (MSB+VolATR)* indicator is designed to identify significant market structure breakouts and breakdowns using a combination of price action, volume analysis, and volatility (ATR). It is particularly useful for traders who rely on higher timeframes for swing trading or positional trading. The indicator highlights bullish and bearish breakouts, retests, fakeouts, and potential buy/sell signals based on RSI overbought/oversold conditions.
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### Key Features:
1. *Market Structure Analysis*:
- Identifies swing highs and lows on a user-defined higher timeframe.
- Detects breakouts and breakdowns when price exceeds these levels with volume and ATR validation.
2. *Volume Validation*:
- Ensures breakouts are accompanied by above-average volume, reducing the likelihood of false signals.
3. *ATR Filter*:
- Filters out insignificant breakouts by requiring the breakout size to exceed a multiple of the ATR.
4. *RSI Integration*:
- Adds a momentum filter by considering overbought/oversold conditions using RSI.
5. *Visual Enhancements*:
- Draws colored boxes to highlight breakout zones.
- Labels breakouts, retests, and fakeouts for easy interpretation.
- Displays stop levels for potential trades.
6. *Alerts*:
- Provides alert conditions for buy and sell signals, enabling real-time notifications.
---
### Input Settings and Their Effects:
1. **Timeframe (tf):
- Determines the higher timeframe for market structure analysis.
- *Effect*: A higher timeframe (e.g., 1D) reduces noise and provides more reliable swing points, while a lower timeframe (e.g., 4H) may generate more frequent but less reliable signals.
2. **Lookback Period (length):
- Defines the number of historical bars used to identify significant highs and lows.
- *Effect*: A longer lookback period (e.g., 50) captures broader market structure, while a shorter period (e.g., 20) reacts faster to recent price action.
3. **ATR Length (atr_length):
- Sets the period for ATR calculation.
- *Effect*: A shorter ATR length (e.g., 14) reacts faster to recent volatility, while a longer length (e.g., 21) smooths out volatility spikes.
4. **ATR Multiplier (atr_multiplier):
- Filters insignificant breakouts by requiring the breakout size to exceed ATR × multiplier.
- *Effect*: A higher multiplier (e.g., 0.2) reduces false signals but may miss smaller breakouts.
5. **Volume Multiplier (volume_multiplier):
- Sets the volume threshold for breakout validation.
- *Effect*: A higher multiplier (e.g., 1.0) ensures stronger volume confirmation but may reduce the number of signals.
6. **RSI Length (rsi_length):
- Defines the period for RSI calculation.
- *Effect*: A shorter RSI length (e.g., 10) makes the indicator more sensitive to recent price changes, while a longer length (e.g., 20) smooths out RSI fluctuations.
7. *RSI Overbought/Oversold Levels*:
- Sets the thresholds for overbought (default: 70) and oversold (default: 30) conditions.
- *Effect*: Adjusting these levels can make the indicator more or less conservative in generating signals.
8. **Stop Loss Multiplier (SL_Multiplier):
- Determines the distance of the stop-loss level from the entry price based on ATR.
- *Effect*: A higher multiplier (e.g., 2.0) provides wider stops, reducing the risk of being stopped out prematurely but increasing potential losses.
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### How It Works:
1. *Breakout Detection*:
- A bullish breakout occurs when the close exceeds the highest high of the lookback period, with volume above the threshold and breakout size exceeding ATR × multiplier.
- A bearish breakout occurs when the close falls below the lowest low of the lookback period, with similar volume and ATR validation.
2. *Retest Logic*:
- After a breakout, if price retests the breakout zone without closing beyond it, a retest label is displayed.
3. *Fakeout Detection*:
- If price briefly breaks out but reverses back into the range, a fakeout label is displayed.
4. *Buy/Sell Signals*:
- A sell signal is generated when price reverses below a bullish breakout zone and RSI is overbought.
- A buy signal is generated when price reverses above a bearish breakout zone and RSI is oversold.
5. *Stop Levels*:
- Stop-loss levels are plotted based on ATR × SL_Multiplier, providing a visual guide for risk management.
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### Who Can Use It and How:
1. *Swing Traders*:
- Use the indicator on daily or 4-hour timeframes to identify high-probability breakout trades.
- Combine with other technical analysis tools (e.g., trendlines, Fibonacci levels) for confirmation.
2. *Positional Traders*:
- Apply the indicator on weekly or daily charts to capture long-term trends.
- Use the stop-loss levels to manage risk over extended periods.
3. *Algorithmic Traders*:
- Integrate the buy/sell signals into automated trading systems.
- Use the alert conditions to trigger trades programmatically.
4. *Risk-Averse Traders*:
- Adjust the ATR and volume multipliers to filter out low-probability trades.
- Use wider stop-loss levels to avoid premature exits.
---
### Where to Use It:
- *Forex*: Identify breakouts in major currency pairs.
- *Stocks*: Spot trend reversals in high-volume stocks.
- *Commodities*: Trade breakouts in gold, oil, or other commodities.
- *Crypto*: Apply to Bitcoin, Ethereum, or other cryptocurrencies for volatile breakout opportunities.
---
### Example Use Case:
- *Timeframe*: 1D
- *Lookback Period*: 50
- *ATR Length*: 14
- *ATR Multiplier*: 0.1
- *Volume Multiplier*: 0.5
- *RSI Length*: 14
- *RSI Overbought/Oversold*: 70/30
- *SL Multiplier*: 1.5
In this setup, the indicator will:
1. Identify significant swing highs and lows on the daily chart.
2. Validate breakouts with volume and ATR filters.
3. Generate buy/sell signals when price reverses and RSI confirms overbought/oversold conditions.
4. Plot stop-loss levels for risk management.
---
### Conclusion:
The *MSB+VolATR* indicator is a versatile tool for traders seeking to capitalize on market structure breakouts with added confirmation from volume and volatility. By customizing the input settings, traders can adapt the indicator to their preferred trading style and risk tolerance. Whether you're a swing trader, positional trader, or algorithmic trader, this indicator provides actionable insights to enhance your trading strategy.
Salman Indicator: Multi-Purpose Price ActionSalman Indicator: Multi-Purpose Price Action Tool for Pin Bars, Breakouts, and VWAP Anchoring
This indicator provides a comprehensive suite of price action insights, designed for active traders looking to identify key market structures and potential reversals. The script incorporates a Quarterly VWAP for trend bias, marks pin bars for possible reversal points, highlights outside bars for volatility signals, and indicates simple breakouts and pivot-level breaks. Customizable settings allow for flexibility in various trading styles, with default settings optimized for daily charts.
Outside Bars : Represented by an ⤬ symbol on the chart, these indicate bars where the current high is greater than the previous bar’s high, and the low is lower than the previous bar’s low, signaling high volatility and potential market reversals.
Pin Bars : Denoted by a small dot at the top or bottom of a candle’s wick, these are crucial signals of potential reversal areas. Pin bars are identified based on the percentage length of their shadows, with adjustable strictness in settings.
Quarterly VWAP : The light blue line on the chart represents the VWAP (Volume-Weighted Average Price), which is anchored to the Quarterly period by default. The VWAP acts as a directional bias filter, helping you to determine underlying market trends. This period, source, and offset are fully adjustable in the script’s settings.
Simple Breaks : Hollow candles on the chart indicate "simple breaks," defined when the current bar closes above the previous high or below the previous low. This is an effective way to highlight directional momentum in the market.
Bonus Pivot Breaks : The tilde symbol ~ appears when the price closes above or below prior pivot high/low levels, helping traders spot significant breakout or breakdown points relative to recent pivots.
Alerts
Simple Breaks : Alerts you when a breakout occurs beyond the previous bar’s high or low. Pin Bars : Notifies you of potential reversal points as indicated by bullish or bearish pin bars. Outside Bars : Triggers an alert whenever an outside bar is detected, indicating possible volatility changes.
How to Use
VWAP for Trend Bias : Use the Quarterly VWAP line to gauge overall market trend, with settings that allow adjustment to daily, weekly, monthly, or even larger time frames.
Pin Bars for Reversal Potential : Look for the dot markers on candle wicks, where the strictness of the pin bar detection can be adjusted via settings to match your trading preference.
Simple and Pivot Breaks for Momentum : Watch for hollow candles and the tilde symbol ~ as indicators of potential breakout momentum and pivot break levels, respectively.
This script can serve traders on multiple timeframes, from daily to weekly and beyond. The flexible configuration allows for adjustments in VWAP anchoring and pin bar criteria, providing a tailored fit for individual trading strategies.
Bullish Breakout After ConsolidationDescription:
The Bullish Breakout After Consolidation Indicator is designed to help traders identify potential bullish breakout opportunities following a period of tight price consolidation. This indicator combines price action and volume analysis to signal when a stock may experience a significant upward movement.
Features:
Consolidation Range Tightness: The indicator identifies periods where the stock price consolidates within a narrow range, defined as a range less than 2% of the lowest low during the consolidation period. This tight consolidation is often a precursor to strong price movements.
Breakout Detection: Once the price breaks above the highest high of the consolidation range, and this breakout occurs after a specified number of days post-consolidation, the indicator marks it as a potential breakout opportunity.
Volume Confirmation: To avoid false breakouts, the indicator requires increased trading volume during the breakout. This ensures that the breakout is supported by substantial market activity.
Visual Cues:
Breakout Label: A "Breakout" label appears above the bar where a valid breakout occurs, making it easy to spot potential entry points.
Support and Resistance Lines: Horizontal lines plot the highest high (resistance) and lowest low (support) during the consolidation period, helping traders visualize the breakout levels.
Moving Averages: Optional 20-day and 50-day simple moving averages are plotted for additional trend confirmation.
How to Use:
Apply the Indicator: Add the indicator to your chart in TradingView to start analyzing potential breakouts.
Observe Consolidation: Look for tight consolidation periods where the price trades within a narrow range.
Identify Breakouts: Watch for breakouts where the price moves above the highest high of the consolidation range, supported by increased volume.
Confirm with Labels: The "Breakout" label will help you quickly identify valid breakout signals.
Parameters:
Consolidation Length: Number of days to consider for consolidation.
Range Percentage: Maximum percentage range for consolidation tightness.
Days After Consolidation: Number of days post-consolidation to check for the breakout.
Note: As with any trading tool, it is important to use this indicator as part of a broader trading strategy and in conjunction with other forms of analysis.
Disclaimer: This indicator is provided for educational purposes and should not be construed as financial advice. Trading involves risk and may not be suitable for all investors.
Heads UpAn indicator that gives you the "heads up" that that bullish/ bearish strength is increasing.
I wanted an indicator that could give me the "heads up" that bullish/ bearish strength is increasing. This would help me get into a breakout early or avoid entering a breakout that had a high probability of failure.
Here are my definitions for this indicator:
My bull bar definition:
- A green candle that closes above 75% of it's candle range.
- The candle's body does not overlap the previous candle's body. Tails/ wicks CAN overlap.
My bear bar definition:
- A red candle that closes below 75% of it's candle range.
- the candle's body does not overlap the previous candle's body. Tails/ ticks CAN overlap.
Bullish strength increasing (arrow up):
- Bull bars are increasing in size (the candle's range) compared to previous 5 bars.
- 2 consecutive bull bars.
Bearish strength increasing (arrow down):
- Bear bars are increasing in size (the candle's range) compared to previous 5 bars.
- 2 consecutive bear bars.
You will not see this indicator trigger very often but when it does - it's because there is a change in bullish bearish strength.
Things to be aware of:
Use the indicator in line with the context of the previous trend. You will get triggers that fail. These are usually because they appear counter trend. When in doubt zoom out.
It will not call every successful breakout. If you understand the definitions you'll understand why it appears.
This is my first indicator and used for my personal use. Feedback and other ideas are welcome.
Range Finder [UAlgo]🔶 Description:
The "Range Finder " indicator aims at identifying and visualizing price ranges within a specified number of candles. By utilizing the Average True Range (ATR) indicator and Simple Moving Average (SMA), it detects potential breakout conditions and tracks consecutive candles that remain within the breakout range. This indicator offers flexibility by allowing users to customize settings such as range length, method for determining range breaks (based on either candle close or wick), and visualization options for displaying range breaks on the chart.
🔶 Key Features
Identifying Ranges: The Range Finder automatically adapts to the market by continuously evaluating the Average True Range (ATR) and its Simple Moving Average (SMA). This helps in dynamically adjusting the range based on market volatility.
Range Length: Users can specify the number of candles to be used for constructing the range via the "Range Length" input setting. This allows for customization based on trading strategies and preferences.
Range Break Method: The indicator offers the flexibility to choose between two methods for identifying range breaks. Users can select between "Close" or "Wick" based on their preference for using the closing price or the highs and lows (including wicks) of candles for defining the breakout.
Show Range Breaks: This option enables visual representation of range breaks on the chart. When activated, labels with the letter "B" will appear at the breakout point, colored according to the breakout direction (upward breakouts in the chosen up range color and downward breakouts in the chosen down range color).
Range Color Customization: The indicator provides the ability to personalize the visual appearance of the range by selecting preferred colors for ranges indicating potential upward and downward breakouts.
🔶 Disclaimer
It's important to understand that the Range Finder indicator is intended for informational purposes only and should not be solely relied upon for making trading decisions. Trading financial instruments involves inherent risks, and past performance is not necessarily indicative of future results.
Price Action - Support & Resistance by DGTSᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ , is undoubtedly one of the key concepts of technical analysis
█ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ Dᴇꜰɪɴɪᴛɪᴏɴ
Support and Resistance terms are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an financial instrument from getting pushed in a certain direction.
A support level is a price level where buyers are more aggressive than sellers. This means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level it is likely to continue falling until meeting another support level.
A resistance level is the opposite of a support level. It is where the price tends to find resistance as it rises. Again, this means that the price is more likely to "bounce" off this level rather than break through it. However, once the price has breached this level it is likely to continue rising until meeting another resistance level.
A previous support level will sometimes become a resistance level when the price attempts to move back up, and conversely, a resistance level will become a support level as the price temporarily falls back.
█ Iᴅᴇɴᴛɪꜰʏɪɴɢ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ
Support and resistance can come in various forms, and the concept is more difficult to master than it first appears. Identification of key support and resistance levels is an essential ingredient to successful technical analysis.
If the price stalls and reverses in the same price area on minimum of two different occasions, then a horizontal line is drawn to show that the market is struggling to move past that area. Those areas are static barriers, one of the most popular forms of support/resistance and are highlighted with horizontal lines.
Repeated test , the more often a support/resistance level is "tested" over an extended period of time (touched and bounced off by price), the more significance is given to that specific level
High volume , the more buying and selling that has occurred at a particular price level, the stronger the support or resistance level is likely to be
Market psychology , plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.
Psychological levels , is a price level that significantly affects the price of an underlying financial instrument. Typically, near round numbers often serve as support and resistance
The following support and resistance related topics are beyond the scope of this study, so they will be mentioned roughly only as a reference for support and resistance concept
Trendlines , Support and resistance levels in trends are dynamic. Throughout an uptrend, levels of support tend to look like a trendline, usually clustering around higher lows. As the price rises, the price where buyers consider the stock to be “too cheap” also changes, which creates new support levels on the way up. The same is also true for resistance levels. In an uptrend, a stock is continuously breaking through perceived resistance levels and making new highs
Moving Averages , is a constantly changing line that smooths out past price data while also allowing the trader to identify support and resistance. In the example Notice how the price of the asset finds support at the moving average when the trend is up, and how it acts as resistance when the trend is down
The Fibonacci Retracement/Extension tool , is a favorite among many short-term traders because it clearly identifies levels of potential support and resistance
Pivot Point Calculations , is another common technical analysis technique, where pivot point is calculated based on the high, low, and closing prices of previous trading session/day and support & resistance levels are projected based on the pivot point, different calculation techniques are available, as presented in this example of an pivot point indicator : PVTvX by DGT
█ Tʀᴀᴅɪɴɢ Bᴀꜱᴇᴅ ᴏɴ Sᴜᴘᴘᴏʀᴛ ᴀɴᴅ Rᴇꜱɪꜱᴛᴀɴᴄᴇ
Once an area or "zone" of support or resistance has been identified, those price levels can serve as potential entry or exit points because, as a price reaches a point of support or resistance, it will do one of two things—bounce back away from the support or resistance level (trading ranges), or violate the price level and continue in its direction (trading breakouts) —until it hits the next support or resistance level
The basic trading method for using support and resistance is to buy near support in uptrends or the parts of ranges or chart patterns where prices are moving up and to sell/sell short near resistance in downtrends or the parts of ranges and chart patterns where prices are moving down. Buying near support or selling near resistance can pay off, but there is no assurance that the support or resistance will hold. Therefore, consider waiting for some confirmation that the market is still respecting that area
Trading breakouts, a breakout is a potential trading opportunity that occurs when an asset's price moves above a resistance level or moves below a support level on increasing volume. The first step in trading breakouts is to identify current price trend patterns along with support and resistance levels in order to plan possible entry and exit points. Once the asset trades beyond the price barrier, volatility tends to increase and prices usually trend in the breakout's direction. Breakouts are such an important trading strategy since these setups are the starting point for future volatility increases, large price swings and, in many circumstances, major price trends. When trading breakouts, it is important to consider the underlying asset's support and resistance levels. The more times an asset price has touched these areas, the more valid these levels are and the more important they become. At the same time, the longer these support and resistance levels have been in play, the better the outcome when the asset price finally breaks out. Asset prices will often move slightly further than we expect them to. This doesn't happen all the time, but when it does it is called a false breakout. Therefore it is important to consider waiting for some confirmation while trading breakouts. It’s also popular for traders to sell 50% of their positions at the resistance level, and hold the rest in anticipation of a breakout above resistance
█ Pʀɪᴄᴇ Aᴄᴛɪᴏɴ - Sᴜᴘᴘᴏʀᴛ & Rᴇꜱɪꜱᴛᴀɴᴄᴇ ʙʏ DGT Sᴛᴜᴅʏ
This experimental study attempts to identify the support and resistance levels. Assumes a simple logic to discover moments where the price is rising or falling consecutively for minimum 3 bars with the condition volume increases on each bar and the last bar’s volume should be bigger than the long term volume moving average. A line will be drawn at the end of the move (highest or lowest, depending on the move direction), the line will be drawn at minimum on the 3rd bar and if condition holds for other consecutive bars the line will switch to 4th, 5th etc bar.
Lines will not be deleted so the historical ones will remain and will emphasis the levels significance when they overlap in feature. Strong levels are more likely to hold and cause the price to move in the other direction, whereas the minor levels may only cause the price to pause and keep moving in the same direction. Determining future levels of support and resistance can drastically improve the returns of a short-term investing strategy
Bar colors will be painted based on the volume of the specific bar to its long term volume moving average. This will help identifying the support and resistance levels significance and emphasis the sings of breakouts
Finally, Volume spikes will be marked on top of the price chart. A high volume usually indicates more interest in the security and the presence of institutional traders. However, a rapidly rising price in an uptrend accompanied by a huge volume may be a sign of exhaustion. Traders usually look for breaks of support and resistance to enter positions. When security break critical levels without volume , you should consider the breakout suspect and prime for a reversal off the highs/lows. Volume spikes are often the result of news-driven events. Volume spike will often lead to sharp reversals since the moves are unsustainable due to the imbalance of supply and demand
A good example with many support and resistance concepts observed on a stock chart and detected by the study
Settings:
Length of volume moving average, where volume moving average is used to detect support and resistance levels, is used as reference to compare with threshold values for volume spikes and colors of the bars
Hint, to get more historical lines scrolling chart to left will enable visualization of them. Please note they may appear to much all 500 line limit is used 😉
Special thanks to @HEMANT Telegram user, for his observations and suggestions
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Time-Weighted Price Action IndicatorThe Time-Weighted Price Action Indicator is a simple yet effective tool designed to detect consolidation zones based on time duration and highlight potential reversal points using a contrarian breakout logic. Instead of following traditional breakout strategies, this indicator aims to capitalize on false breakouts and reversal entries.
How It Works
• The indicator identifies a price range (zone) using a configurable lookback period.
• If the price remains within this range for a specified number of bars (threshold), a consolidation zone is confirmed.
• Once a breakout or breakdown from this zone occurs, the indicator triggers a reversed signal — suggesting a potential reversal instead of a trend-following entry.
• Support and resistance levels are marked visually, and BUY/SELL labels are plotted when price re-enters the zone, indicating potential exhaustion or traps.
Key Features
• ✅ Time-based consolidation detection
• ✅ Contrarian signal logic (Buy at breakdowns, Sell at breakouts)
• ✅ Dynamic zone plotting with support/resistance visualization
• ✅ Auto-reset after each breakout for fresh zone detection
• ✅ Visual labels and alerts for BUY/SELL signals
How to Use
• Ideal for range-bound markets or identifying trap zones around support/resistance.
• Use in conjunction with volume, momentum, or trend filters to refine entries.
• Can complement mean reversion strategies or be used as a signal confirmation tool.
Why This Combination?
This approach blends time-based consolidation logic with a contrarian price action perspective, offering traders a different lens to analyze markets. Instead of blindly following breakouts, it highlights areas where price rejections and false breakouts often occur — common in algorithm-driven markets.
Why It’s Worth Using
This indicator helps you stay ahead of trap zones, identify reversal spots, and understand price behavior in consolidation zones — a critical edge, especially in sideways or choppy markets. It adds context to price movement, helping traders avoid common breakout failures.
Note:
• No performance guarantees or exaggerated claims.
• No solicitation or promotional language used.
• This is a free, open-source educational tool meant to aid price action understanding.
TrendPredator FOTrendPredator Fakeout Highlighter (FO)
The TrendPredator Fakeout Highlighter is designed to enhance multi-timeframe trend analysis by identifying key market behaviors that indicate trend strength, weakness, and potential reversals. Inspired by Stacey Burke’s trading approach, this tool focuses on trend-following, momentum shifts, and trader traps, helping traders capitalize on high-probability setups.
At its core, this indicator highlights peak formations—anchor points where price often locks in trapped traders before making decisive moves. These principles align with George Douglas Taylor’s 3-day cycle and Steve Mauro’s BTMM method, making the FO Highlighter a powerful tool for reading market structure. As markets are fractal, this analysis works on any timeframe.
How It Works
The TrendPredator FO highlights key price action signals by coloring candles based on their bias state on the current timeframe.
It tracks four major elements:
Breakout/Breakdown Bars – Did the candle close in a breakout or breakdown relative to the last candle?
Fakeout Bars (Trend Close) – Did the candle break a prior high/low and close back inside, but still in line with the trend?
Fakeout Bars (Counter-Trend Close) – Did the candle break a prior high/low, close back inside, and against the trend?
Switch Bars – Did the candle lose/ reclaim the breakout/down level of the last bar that closed in breakout/down, signalling a possible trend shift?
Reading the Trend with TrendPredator FO
The annotations in this example are added manually for illustration.
- Breakouts → Strong Trend
Multiple candles closing in breakout signal a healthy and strong trend.
- Fakeouts (Trend Close) → First Signs of Weakness
Candles that break out but close back inside suggest a potential slowdown—especially near key levels.
- Fakeouts (Counter-Trend Close) → Stronger Reversal Signal
Closing against the trend strengthens the reversal signal.
- Switch Bars → Momentum Shift
A shift in trend is confirmed when price crosses back through the last closed breakout candles breakout level, trapping traders and fuelling a move in the opposite direction.
- Breakdowns → Trend Reversal Confirmed
Once price breaks away from the peak formation, closing in breakdown, the trend shift is validated.
Customization & Settings
- Toggle individual candle types on/off
- Customize colors for each signal
- Set the number of historical candles displayed
Example Use Cases
1. Weekly Template Analysis
The weekly template is a core concept in Stacey Burke’s trading style. FO highlights individual candle states. With this the state of the trend and the developing weekly template can be evaluated precisely. The analysis is done on the daily timeframe and we are looking especially for overextended situations within a week, after multiple breakouts and for peak formations signalling potential reversals. This is helpful for thesis generation before a session and also for backtesting. The annotations in this example are added manually for illustration.
📈 Example: Weekly Template Analysis snapshot on daily timeframe
2. High Timeframe 5-Star Setup Analysis (Stacey Burke "ain't coming back" ACB Template)
This analysis identifies high-probability trade opportunities when daily breakout or down closes occur near key monthly levels mid-week, signalling overextensions and potentially large parabolic moves. Key signals for this are breakout or down closes occurring on a Wednesday. This is helpful for thesis generation before a session and also for backtesting. The annotations in this example are added manually for illustration. Also an indicator can bee seen on this chart shading every Wednesday to identify the signal.
📉 Example: High Timeframe Setup snapshot
3. Low Timeframe Entry Confirmation
FO helps confirm entry signals after a setup is identified, allowing traders to time their entries and exits more precisely. For this the highlighted Switch and/ or Fakeout bars can be highly valuable.
📊 Example (M15 Entry & Exit): Entry and Exit Confirmation snapshot
📊 Example (M5 Scale-In Strategy): Scaling Entries snapshot
The annotations in this examples are added manually for illustration.
Disclaimer
This indicator is for educational purposes only and does not guarantee profits.
None of the information provided shall be considered financial advice.
Users are fully responsible for their trading decisions and outcomes.
Dynamic Breakout Master by tradingbauhaus 🌟 Code Description:
This Pine Script implements a trading strategy called "Dynamic Breakout Master" 💥. The core idea of the strategy is to identify breakouts (price movements) at key support 💙 and resistance 🔴 levels, through a dynamic channel that adapts to the market’s conditions. Here's how it works:
🔧 Customizable Input Parameters:
🧭 Pivot Period: This defines the number of bars (candles) to the left and right used to detect pivots (highs and lows) that mark the support and resistance zones.
📊 Data Source: You can choose whether to use highs and lows or closes and opens of the candles to identify the pivots.
📏 Max Channel Width: Specifies the maximum width allowed for the support/resistance channel, expressed as a percentage over the last 300 bars.
💪 Minimum Pivot Strength: This defines the minimum number of pivots needed for a support or resistance level to be considered valid.
🏔 Max Support/Resistance Zones: Limits the number of key zones displayed on the chart.
📅 Lookback Period: Adjusts how many bars back the system should check to find and validate support and resistance levels.
🎨 Custom Colors: You can choose colors for the support, resistance, and in-channel zones.
📉 Moving Averages (MA): The strategy allows adding up to two moving averages (SMA or EMA) to assist in making trading decisions.
📊 Calculating Support/Resistance Levels:
The system uses an algorithm to identify pivots from prices and calculates dynamic support and resistance zones 🔒🔓.
The closer the pivots are and the stronger their influence, the more relevant the zone becomes for the strategy.
The dynamic channel is drawn on the chart, with a maximum width limit for these zones defined by the input parameter.
📈 Trading Logic:
🚀 Identifying Breakouts:
The strategy looks for when the price breaks (breakouts) a resistance or support level.
If the price breaks upward through the resistance level, a buy order 📈 is triggered.
If the price breaks downward through the support level, a sell order 📉 is triggered.
🔔 Alerts:
Resistance Break (ResBreak) and Support Break (SupBreak) alerts are configured to notify users when a significant breakout occurs.
💰 Commissions:
The strategy includes a commission (0.1%) to simulate transaction costs for each trade.
📊 Chart Visualization:
The support and resistance zones are displayed as colored rectangles:
🔴 Resistance (red) and
🔵 Support (blue).
Pivots of support and resistance can be labeled as P (for resistance) and V (for support).
Breakouts of support or resistance levels are marked with triangles that appear on the chart 🔺🔻.
📈 Trading Strategy:
If the price breaks upward through the resistance level, a long position (buy) 📈 is opened.
If the price breaks downward through the support level, a short position (sell) 📉 is opened.
🏆 Conclusion:
This script is a dynamic breakout strategy 💥 that allows traders to capture significant price movements when support or resistance channels break. The customizable parameters let users fine-tune the strategy according to their preferences, while the visual alerts on the chart make it easier to follow trading opportunities. The inclusion of moving averages and key price zones adds an extra layer of analysis to improve decision-making 💡.
Pivot Breakouts with MA FilterPivot Breakouts with MA Filter
This script identifies pivot breakouts (both bullish and bearish) using support and resistance levels and overlays breakout labels, arrows, and customizable Moving Averages. It allows traders to fine-tune their analysis with multiple options to customize the display and behavior of the breakout signals.
Key Features:
Pivot Support and Resistance:
Support is defined by the lowest low in a given range (using the lookback period).
Resistance is defined by the highest high in a given range (using the lookback period).
The script draws support and resistance boxes on the chart when these levels change, providing clear visual markers for potential breakout areas.
Breakout Detection:
Bullish Breakout: A breakout above resistance and the price is above the selected moving average (MA).
Bearish Breakout: A breakdown below support and the price is below the selected MA.
Breakout events trigger labels indicating "Resistance Breakout" (for bullish) and "Support Breakout" (for bearish).
The option to show Breakout Labels (with customizable colors) is available in the settings.
Moving Average Filter:
You can select the type of moving average (SMA or EMA) to use for filtering breakout signals.
MA Filter Length: This input allows you to set the period of the moving average to act as a filter for breakout conditions. This helps ensure the breakout aligns with the broader trend.
Multiple Moving Averages (Optional):
You can add up to four different moving averages (SMA or EMA), each with its own length and color.
You have the option to toggle each moving average on or off and adjust their appearance settings (color and length).
The script supports dynamic plots for each moving average, helping to visualize multiple trends at once.
Breakout Arrows:
The script can display arrows (or other shapes) below the bar for bullish breakouts and above the bar for bearish breakouts.
Arrows are optional and can be turned on/off in the settings.
You can customize the shape of the arrows (e.g., arrow, circle, square, or even a large or small triangle).
Customizable Colors and Labels:
The color of the breakout labels and arrows can be customized in the settings to make them fit your chart's style and personal preferences.
Alerts:
Alerts can be set for new support and resistance levels, as well as when breakouts occur (either bullish or bearish).
The alert system helps to notify traders when significant price action takes place without needing to constantly monitor the chart.
Settings:
Select Moving Average Type (SMA or EMA)
MA Filter Length: Length of the moving average used for filtering breakout conditions.
Lookback Range: Determines the range over which the pivot points (support and resistance) are calculated.
Breakout Labels: Option to turn on/off breakout labels, and customize label colors.
Show Breakout Arrows: Enable or disable breakout arrows with shape options (arrow, circle, square, large triangle, small triangle).
Multiple Moving Averages: Option to show up to 4 MAs with customizable colors and lengths.
First 15-Min Candle Detector [With Breakout Alerts]Indicator: First 15-Minute Candle Detector
Purpose
This indicator helps traders by identifying and marking the high, low, and mid-point of the first 15-minute candle of the market session. It also provides visual aids and alerts for price breakouts above or below these levels, making it ideal for intraday trading strategies.
This script is suitable for traders focusing on early session momentum or reversal strategies.
Key Features
Market Start Customization: Configure the market start time (hour and minute) to align with your trading session or exchange timezone.
Visual Aids:
Horizontal lines to mark the High , Low , and Mid-point of the first 15-minute candle.
Background highlighting to identify the first 15-minute candle.
Configurable colors and line widths for clear visuals.
Breakout Alerts:
Real-time alerts for breakouts above the high or below the low of the first 15-minute candle.
Customizable alert messages.
Alerts configured using alertcondition .
Dynamic Adjustments:
Adapts dynamically to timeframes of 15 minutes or lower.
Resets and recalculates at the start of each new session.
Inputs and Configurations
Market Settings:
Market Start Hour: Default is 9.
Market Start Minute: Default is 30.
Visual Settings:
Enable/disable background highlighting.
Set colors for the background, high line, low line, and mid-line.
Adjust line width (1 to 5).
Toggle the visibility of the mid-line.
Alert Settings:
Enable breakout alerts.
Set custom alert messages for high and low breakouts.
How It Works
// First 15-Minute Candle Detection
The indicator monitors the first 15-minute candle after the market opens based on the configured start time. It records the high , low , and calculates the mid-point of this candle.
// Visual Markings
Horizontal lines are drawn at the high, low, and mid-point of the first 15-minute candle, extending to the right for the rest of the session.
// Breakout Detection
The indicator checks for price breakouts above the high or below the low of the first 15-minute candle and triggers alerts if enabled.
// Dynamic Reset
The indicator resets values and deletes previous session lines at the start of each new session.
Conditions and Alerts
Breakout Conditions:
High Breakout: The closing price exceeds the high of the first 15-minute candle.
Low Breakout: The closing price falls below the low of the first 15-minute candle.
Alert Triggers: Configurable alerts notify you of breakouts in real-time.
Use Cases
Intraday Traders: Ideal for early-session momentum or reversal strategies.
Breakout Traders: Helps identify entry points when price breaks key levels.
Visual Clarity: Simplifies tracking important session levels.
Limitations
Works only on 15-minute or lower timeframes.
Requires accurate market start time configuration.
RSI Strength & Consolidation Zones (Zeiierman)█ Overview
RSI Strength & Consolidation Zones (Zeiierman) is a hybrid momentum and volatility visualization tool that blends enhanced RSI interpretation with ADX-driven consolidation detection. This indicator doesn't just show where RSI is trending — it interprets how strong that trend is, when that strength changes, and where the market may be consolidating in anticipation of breakout movement.
Using a combination of Kalman-filtered RSI, custom-built DMI/ADX, and low-volatility zone recognition, it gives traders a dynamic RSI with strength-based coloring, while also highlighting consolidation zones to spot breakout opportunities.
█ Its uniqueness
Traditional RSI indicators lack context. They may show you when the market is overbought or oversold, but they won’t tell you how strong that condition is, or whether it’s likely to result in continuation or consolidation.
This tool aims to solve that by introducing adaptive strength metrics and structural compression zones, allowing traders to anticipate when the market is likely preparing for a move.
█ How It Works
⚪ Enhanced RSI
Combines traditional RSI and a custom RSI implementation
Smooths both through a Kalman filter for trend direction
Final RSI line reflects smoothed consensus between manual and built-in RSI
Adds an RSI + Strength overlay to show when the directional conviction is increasing
⚪ ADX-Driven Strength Layer
Directional Movement Index (DMI) is calculated both manually and with built-in smoothing
The average ADX value is used to calculate a strength modifier
When ADX exceeds 20, RSI is dynamically enhanced or dampened to reflect directional force
Resulting visual: RSI appears stronger or weaker based on confirmed trend conditions
⚪ Consolidation Zone Detection
When ADX falls below 20, the indicator enters a consolidation zone state
Boxes are drawn dynamically to contain the price within these low-volatility structures
Once the price breaks out of the zone, the indicator plots a breakout signal (▲ or ▼)
⚪ Breakouts
Breakout markers are placed at the first close outside the consolidation box
These signals serve as early indicators for potential trend continuation or reversal
█ How to Use
⚪ Confirm Momentum Strength
Use the RSI + Strength line to determine whether current momentum is backed by trend conviction. If strength expands alongside rising RSI, the move has confirmation.
⚪ Consolidations Zones
When RSI is around the midline, and a consolidation box appears, expect lower volatility and a range-bound market, followed by a breakout.
⚪ Use Breakout Signals for Entry
Look for ▲ or ▼ markers as early triggers. These often coincide with volume expansions or structural breaks.
█ Settings Explained
RSI Length – Number of bars used for RSI. Shorter = more sensitive.
DMI Length – Used in both custom and built-in ADX/DI calculations.
ADX Smoothing – Smooths the trend strength signal. Higher values = smoother strength detection.
Trend Confirmation (Filter Strength) – Adjusts the responsiveness of the Kalman filter.
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Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Smarter Money Concepts - OBs [PhenLabs]📊 Smarter Money Concepts - OBs
Version: PineScript™ v6
📌 Description
Smarter Money Concepts - OBs (Order Blocks) is an advanced technical analysis tool designed to identify and visualize institutional order zones on your charts. Order blocks represent significant areas of liquidity where smart money has entered positions before major moves. By tracking these zones, traders can anticipate potential reversals, continuations, and key reaction points in price action.
This indicator incorporates volume filtering technology to identify only the most significant order blocks, eliminating low-quality signals and focusing on areas where institutional participation is likely present. The combination of price structure analysis and volume confirmation provides traders with high-probability zones that may attract future price action for tests, rejections, or breakouts.
🚀 Points of Innovation
Volume-Filtered Block Detection : Identifies only order blocks formed with significant volume, focusing on areas with institutional participation
Advanced Break of Structure Logic : Uses sophisticated price action analysis to detect legitimate market structure breaks preceding order blocks
Dynamic Block Management : Intelligently tracks, extends, and removes order blocks based on price interaction and time-based expiration
Structure Recognition System : Employs technical analysis algorithms to find significant swing points for accurate order block identification
Dual Directional Tracking : Simultaneously monitors both bullish and bearish order blocks for comprehensive market structure analysis
🔧 Core Components
Order Block Detection : Identifies institutional entry zones by analyzing price action before significant breaks of structure, capturing where smart money has likely positioned before moves.
Volume Filtering Algorithm : Calculates relative volume compared to a moving average to qualify only order blocks formed with significant market participation, eliminating noise.
Structure Break Recognition : Uses price action analysis to detect legitimate breaks of market structure, ensuring order blocks are identified only at significant market turning points.
Dynamic Block Management : Continuously monitors price interaction with existing blocks, extending, maintaining, or removing them based on current market behavior.
🔥 Key Features
Volume-Based Filtering : Filter out insignificant blocks by requiring a minimum volume threshold, focusing only on zones with likely institutional activity
Visual Block Highlighting : Color-coded boxes clearly mark bullish and bearish order blocks with customizable appearance
Flexible Mitigation Options : Choose between “Wick” or “Close” methods for determining when a block has been tested or mitigated
Scan Range Adjustment : Customize how far back the indicator looks for structure points to adapt to different market conditions and timeframes
Break Source Selection : Configure which price component (close, open, high, low) is used to determine structure breaks for precise block identification
🎨 Visualization
Bullish Order Blocks : Blue-colored rectangles highlighting zones where bullish institutional orders were likely placed before upward moves, representing potential support areas.
Bearish Order Blocks : Red-colored rectangles highlighting zones where bearish institutional orders were likely placed before downward moves, representing potential resistance areas.
Block Extension : Order blocks extend to the right of the chart, providing clear visualization of these significant zones as price continues to develop.
📖 Usage Guidelines
Order Block Settings
Scan Range : Default: 25. Defines how many bars the indicator scans to determine significant structure points for order block identification.
Bull Break Price Source : Default: Close. Determines which price component is used to detect bullish breaks of structure.
Bear Break Price Source : Default: Close. Determines which price component is used to detect bearish breaks of structure.
Visual Settings
Bullish Blocks Color : Default: Blue with 85% transparency. Controls the appearance of bullish order blocks.
Bearish Blocks Color : Default: Red with 85% transparency. Controls the appearance of bearish order blocks.
General Options
Block Mitigation Method : Default: Wick, Options: Wick, Close. Determines how block mitigation is calculated - “Wick” uses high/low values while “Close” uses close values for more conservative mitigation criteria.
Remove Filled Blocks : Default: Disabled. When enabled, order blocks are removed once they’ve been mitigated by price action.
Volume Filter
Volume Filter Enabled : Default: Enabled. When activated, only shows order blocks formed with significant volume relative to recent average.
Volume SMA Period : Default: 15, Range: 1-50. Number of periods used to calculate the average volume baseline.
Min. Volume Ratio : Default: 1.5, Range: 0.5-10.0. Minimum volume ratio compared to average required to display an order block; higher values filter out more blocks.
✅ Best Use Cases
Identifying high-probability support and resistance zones for trade entries and exits
Finding optimal stop-loss placement behind significant order blocks
Detecting potential reversal areas where price may react after extended moves
Confirming breakout trades when price clears major order blocks
Building a comprehensive market structure map for medium to long-term trading decisions
Pinpointing areas where smart money may have positioned before major market moves
⚠️ Limitations
Most effective on higher timeframes (1H and above) where institutional activity is more clearly defined
Can generate multiple signals in choppy market conditions, requiring additional filtering
Volume filtering relies on accurate volume data, which may be less reliable for some securities
Recent market structure changes may invalidate older order blocks not yet automatically removed
Block identification is based on historical price action and may not predict future behavior with certainty
💡 What Makes This Unique
Volume Intelligence : Unlike basic order block indicators, this script incorporates volume analysis to identify only the most significant institutional zones, focusing on quality over quantity.
Structural Precision : Uses sophisticated break of structure algorithms to identify true market turning points, going beyond simple price pattern recognition.
Dynamic Block Management : Implements automatic block tracking, extension, and cleanup to maintain a clean and relevant chart display without manual intervention.
Institutional Focus : Designed specifically to highlight areas where smart money has likely positioned, helping retail traders align with institutional perspectives rather than retail noise.
🔬 How It Works
1. Structure Identification Process :
The indicator continuously scans price action to identify significant swing points and structure levels within the specified range, establishing a foundation for order block recognition.
2. Break Detection :
When price breaks an established structure level (crossing below a significant low for bearish breaks or above a significant high for bullish breaks), the indicator marks this as a potential zone for order block formation.
3. Volume Qualification :
For each potential order block, the algorithm calculates the relative volume compared to the configured period average. Only blocks formed with volume exceeding the minimum ratio threshold are displayed.
4. Block Creation and Management :
Valid order blocks are created, tracked, and managed as price continues to develop. Blocks extend to the right of the chart until they are either mitigated by price action or expire after the designated timeframe.
5. Continuous Monitoring :
The indicator constantly evaluates price interaction with existing blocks, determining when blocks have been tested, mitigated, or invalidated, and updates the visual representation accordingly.
💡 Note:
Order Blocks represent areas where institutional traders have likely established positions and may defend these zones during future price visits. For optimal results, use this indicator in conjunction with other confluent factors such as key support/resistance levels, trendlines, or additional confirmation indicators. The most reliable signals typically occur on higher timeframes where institutional activity is most prominent. Start with the default settings and adjust parameters gradually to match your specific trading instrument and style.
Premarket High/Low Breakout AlertsPremarket High/Low Breakout Alerts
Description: This custom TradingView indicator helps you track premarket breakouts and breakdowns for a list of selected stocks. The indicator monitors the premarket session and sends an alert every time the stock's price breaks above the premarket high or below the premarket low.
Key Features:
Track Multiple Stocks: Easily monitor multiple stocks (e.g., AAPL, TSLA, NVDA, etc.) and get alerts when they break premarket levels.
Premarket Session Monitoring: The indicator checks for price movements during the premarket session (4:00 AM to 9:30 AM EST).
Customizable Ticker List: Modify the list of tickers directly from the TradingView settings to suit your daily trading needs.
Breakout and Breakdown Alerts: Receive instant alerts for both breakout (above premarket high) and breakdown (below premarket low) conditions.
Plot Premarket Levels: The premarket high and low levels are plotted on the chart for easy reference.
How to Use:
Add this indicator to your chart.
Go to the indicator settings and input your desired stock tickers (e.g., AAPL, TSLA, MSFT).
The indicator will automatically track the premarket levels and send alerts when those levels are broken.
Customize the tickers daily if needed.
Ideal For:
Day Traders who want to track premarket movements.
Swing Traders looking for strong breakouts from premarket levels.
Scalpers who need quick alerts to catch price action early.
