FTBBT

📘 FTBBT (Filtered Two Bar Break Through)

Overview
FTBBT is a filtered breakout indicator based on the Two Bar Break Through concept.
It generates Buy and Sell signals when the current bar breaks above or below the previous bar’s high/low, but filters out duplicate signals in the same direction.
This ensures that only the **first breakout** in each sequence is shown, keeping the chart clean and focused.

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Key Features
1. Filtered Breakouts
• Only the first breakout is displayed.
• Prevents clutter when multiple candles break in the same direction.

2. Visuals
• Light pink labels (60% transparency).
• "Buy" appears below the bar when the high is broken.
• "Sell" appears above the bar when the low is broken.

3. Alerts
• Alerts are triggered only for filtered signals.
• Custom alert messages for both Buy and Sell events.

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How to Use
• Add FTBBT to your chart.
• Focus on the first breakout signal after a move begins.
• Combine with trend filters, volume, or higher timeframe context for stronger confirmation.

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👉 In short:
**FTBBT delivers clean, filtered breakout signals.**
It highlights meaningful shifts by removing duplicate noise, showing traders only the key moments.