VCP Pattern Indicator

The Volatility Contraction Pattern (VCP) Indicator is designed to identify tight price consolidations before a potential breakout. This pattern, made famous by Mark Minervini, occurs when price volatility contracts over time, forming higher lows while resistance remains relatively stable.

This indicator automatically detects peaks & troughs, checks for volatility contraction, and highlights potential breakout levels, making it a valuable tool for traders looking for explosive moves after consolidation.