Inside Bar Breakout/Fakeout with AI Scenarios [Yosiet]Inside Bar Breakout/Fakeout Indicator with Scenarios
The Indicator is a powerful tool for traders looking to identify potential breakout and fakeout opportunities based on inside bar patterns. This indicator combines multiple technical analysis concepts to provide a comprehensive view of market behavior, helping traders make more informed decisions.
Key Features
Inside bar detection with filtering
Breakout and fakeout identification
Three distinct scenario detections
Customizable moving average calculations
Flexible visualization options
Alert conditions for various events
How It Works
The indicator identifies inside bars and filters them based on a maximum number of consecutive inside bars. It then detects breakouts and fakeouts using user-defined parameters. The script also calculates moving averages to determine trend direction.
Three specific scenarios are detected:
Strong breakout followed by a strong reversal
Weak breakout with multiple doji/weak candles
Strong breakout without reversal
These scenarios are visually represented on the chart, allowing traders to quickly identify potential trading opportunities.
How to Use
Apply the indicator to your chart
Adjust the input parameters to suit your trading style
Look for inside bar patterns and subsequent breakouts/fakeouts
Pay attention to the three scenario markers for additional context
Use the alert conditions to stay informed of potential opportunities
חפש סקריפטים עבור "breakout"
[blackcat] L1 Simple Dual Channel Breakout█ OVERVIEW
The script " L1 Simple Dual Channel Breakout" is an indicator designed to plot dual channel breakout bands and their long-term EMAs on a chart. It calculates short-term and long-term moving averages and deviations to establish upper, lower, and middle bands, which traders can use to identify potential breakout opportunities.
█ LOGICAL FRAMEWORK
Structure:
The script is structured into several main sections:
• Input Parameters: The script does not explicitly define input parameters for the user to adjust, but it uses default values for short_term_length (5) and long_term_length (181).
• Calculations: The calculate_dual_channel_breakout function performs the core calculations, including the blast condition, typical price, short-term and long-term moving averages, and dynamic moving averages.
• Plotting: The script plots the short-term bands (upper, lower, and middle) and their long-term EMAs. It also plots conditional line breaks when the short-term bands cross the long-term EMAs.
Flow of Data and Logic:
1 — The script starts by defining the calculate_dual_channel_breakout function.
2 — Inside the function, it calculates various moving averages and deviations based on the input prices and lengths.
3 — The function returns the calculated bands and EMAs.
4 — The script then calls this function with predefined lengths and plots the resulting bands and EMAs on the chart.
5 — Conditional plots are added to highlight breakouts when the short-term bands cross the long-term EMAs.
█ CUSTOM FUNCTIONS
The script defines one custom function:
• calculate_dual_channel_breakout(close_price, high_price, low_price, short_term_length, long_term_length): This function calculates the short-term and long-term bands and EMAs. It takes five parameters: close_price, high_price, low_price, short_term_length, and long_term_length. It returns an array containing the upper band, lower band, middle band, long-term upper EMA, long-term lower EMA, and long-term middle EMA.
█ KEY POINTS AND TECHNIQUES
• Typical Price Calculation: The script uses a modified typical price calculation (2 * close_price + high_price + low_price) / 4 instead of the standard (high_price + low_price + close_price) / 3.
• Short-term and Long-term Bands: The script calculates short-term bands using a simple moving average (SMA) of the typical price and long-term bands using a relative moving average (RMA) of the close price.
• Conditional Plotting: The script uses conditional plotting to highlight breakouts when the short-term bands cross the long-term EMAs, enhancing visual identification of trading signals.
• EMA for Long-term Trends: The use of Exponential Moving Averages (EMAs) for long-term bands helps in smoothing out short-term fluctuations and focusing on long-term trends.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
• Modifications: Users can add input parameters to allow customization of short_term_length and long_term_length, making the indicator more flexible.
• Enhancements: The script could be extended to include alerts for breakout conditions, providing traders with real-time notifications.
• Alternative Bands: Users might experiment with different types of moving averages (e.g., WMA, HMA) for the short-term and long-term bands to see if they yield better results.
• Additional Indicators: Combining this indicator with other technical indicators (e.g., RSI, MACD) could provide a more comprehensive trading strategy.
• Backtesting: Users can backtest the strategy using Pine Script's strategy functions to evaluate its performance over historical data.
Bollinger Breakout Strategy with Direction Control [4H crypto]Bollinger Breakout Strategy with Direction Control - User Guide
This strategy leverages Bollinger Bands, RSI, and directional filters to identify potential breakout trading opportunities. It is designed for traders looking to capitalize on significant price movements while maintaining control over trade direction (long, short, or both). Here’s how to use this strategy effectively:
How the Strategy Works
Indicators Used:
Bollinger Bands:
A volatility-based indicator with an upper and lower band around a simple moving average (SMA). The bands expand or contract based on market volatility.
RSI (Relative Strength Index):
Measures momentum to determine overbought or oversold conditions. In this strategy, RSI is used to confirm breakout strength.
Trade Direction Control:
You can select whether to trade:
Long only: Buy positions.
Short only: Sell positions.
Both: Trade in both directions depending on conditions.
Breakout Conditions:
Long Trade:
The price closes above the upper Bollinger Band.
RSI is above the midline (50), confirming upward momentum.
The "Trade Direction" setting allows either "Long" or "Both."
Short Trade:
The price closes below the lower Bollinger Band.
RSI is below the midline (50), confirming downward momentum.
The "Trade Direction" setting allows either "Short" or "Both."
Risk Management:
Stop-Loss:
Long trades: Set at 2% below the entry price.
Short trades: Set at 2% above the entry price.
Take-Profit:
Calculated using a Risk/Reward Ratio (default is 2:1).
Adjust this in the strategy settings.
Inputs and Customization
Key Parameters:
Bollinger Bands Length: Default is 20. Adjust based on the desired sensitivity.
Multiplier: Default is 2.0. Higher values widen the bands; lower values narrow them.
RSI Length: Default is 14, which is standard for RSI.
Risk/Reward Ratio: Default is 2.0. Increase for more aggressive profit targets, decrease for conservative exits.
Trade Direction:
Options: "Long," "Short," or "Both."
Example: Set to "Long" in a bullish market to focus only on buy trades.
How to Use This Strategy
Adding the Strategy:
Paste the script into TradingView’s Pine Editor and add it to your chart.
Setting Parameters:
Adjust the Bollinger Band settings, RSI, and Risk/Reward Ratio to fit the asset and timeframe you're trading.
Analyzing Signals:
Green line (Upper Band): Signals breakout potential for long trades.
Red line (Lower Band): Signals breakout potential for short trades.
Blue line (Basis): Central Bollinger Band (SMA), helpful for understanding price trends.
Testing the Strategy:
Use the Strategy Tester in TradingView to backtest performance on your chosen asset and timeframe.
Optimizing for Assets:
Forex pairs, cryptocurrencies (like BTC), or stocks with high volatility are ideal for this strategy.
Works best on higher timeframes like 4H or Daily.
Best Practices
Combine with Volume: Confirm breakouts with increased volume for higher reliability.
Avoid Sideways Markets: Use additional trend filters (like ADX) to avoid trades in low-volatility conditions.
Optimize Parameters: Regularly adjust the Bollinger Bands multiplier and RSI settings to match the asset's behavior.
By utilizing this strategy, you can effectively trade breakouts while maintaining flexibility in trade direction. Adjust the parameters to match your trading style and market conditions for optimal results!
Half Cup [LuxAlgo]The Half Cup indicator detects and displays patterns with the shape of a Half Cup , initiating a channel. From this channel, breakouts are detected and highlighted with dots.
Users can control the shape of the Half Cup and the channel length through various settings.
Do note that the displayed half cups are displayed retrospectively, making them subject to backpainting.
🔶 USAGE
The idea behind the indicator is derived from the Cup & Handle pattern, which requires waiting for the pattern full completion.
Our Half Cup publication aims to find opportunities when the potential cup is only formed halfway.
In this example, a green dot shows the first breakout of the upper channel extremity. A few bars later, the price went under it, after which it returned above, triggering a second green dot. Both triggers were good opportunities in this case, and the price rose afterward.
The Half Cup pattern can be the start of a potential complete Cup & Handle (As in the example above, a complete Cup pattern (without the Handle ) is shown, manually drawn with dashed lines).
Every green/red dot, whether on a bullish or bearish pattern, points to a breakout respectively above/below the channel.
Besides drawing patterns and the corresponding breakouts, the Half Cup indicator can also provide insights into trends and potential opportunities in the long run.
🔶 DETAILS
🔹 Validation
Several criteria must be fulfilled before a visible pattern on the chart is drawn.
Calculations are done beforehand to know where the Half Cup pattern would be positioned.
The pattern's bottom and top edges are checked for the number of bars whose closing price is outside the half-cup area. When the number of breakouts above/below is equal to or lower than the user-defined settings ( Max % Breaks Top/Bottom ), the pattern is drawn together with a brighter-colored channel next to it.
Dots highlighting the channel's breakout can be drawn from that moment until the end of both channel lines.
🔹 Positioning
Users can adjust the following settings to fit their needs:
% Broadness: Moves the Top/Bottom line (bullish or bearish) diagonally upwards/downwards.
Vertical Shift: Shifts the entire pattern up/down.
Channel Length: Sets the line length of the channel.
Note that adjusting the position of the pattern will change the validation; the script will be rerun to check if patterns are still valid or if new patterns can be drawn. Some patterns may disappear, while new ones may appear.
Before adjusting the position, the user can set Max % Breaks Top/Bottom at 100%. When the positioning is set, Max % Breaks Top/Bottom can be set as desired.
🔹 Updated Drawings
The Half Cup pattern is always drawn retrospectively (that is it is subject to backpainting), the channel is drawn from the bar from where the pattern is detected. Every breakout of the channel will remain visible as dots.
When a new swing high/low is found while the previous swing low/high remains the same, the pattern is updated to minimize clutter. The dots of earlier drawings will remain visible (to ensure no repainting occurs), but the color becomes faded, as such bright dots are associated with patterns that are visible on the chart, while faded dots are from removed/updated patterns.
🔶 SETTINGS
Swing Length: Period used for the swing detection, with higher values returning longer-term Swing Levels.
🔹 Validation
Max % Breaks Bottom: Allowed maximum amount of bars where the closing price is below the bottom of the Half Cup pattern against the total width of the pattern (bars).
Max % Breaks Top: Allowed maximum amount of bars where the closing price is above the top of the Half Cup pattern against the total width of the pattern (bars).
🔹 Positioning
% Broadness: Moves the Top/Bottom line (bullish or bearish) diagonally upwards/downwards.
Vertical Shift: Shifts the entire pattern up/down.
Channel Length: Sets the line length of the channel.
Pivot Points Level [TradingFinder] 4 Methods + Reversal lines🔵 Introduction
"Pivot Points" are places on the price chart where buyers and sellers are most active. Pivot points are calculated based on the previous day's price data and serve as reference points for traders to make decisions.
Types of Pivot Points :
Floor
Woodie
Camarilla
Fibonacci
🟣 Floor Pivot Points
Floor pivot points are widely used in technical analysis. The central pivot point (PP) serves as the main level of support or resistance, indicating the potential direction of the trend.
The first to third levels of resistance (R1, R2, R3) and support (S1, S2, S3) provide additional signals for potential trend reversals or continuations.
Floor Pivot Points Formula :
Pivot Point (PP): (H + L + C) / 3
First Resistance (R1): (2 * P) - L
Second Resistance (R2): P + H - L
Third Resistance (R3): H + 2 * (P - L)
First Support (S1): (2 * P) - H
Second Support (S2): P - H + L
Third Support (S3): L - 2 * (H - P)
🟣 Camarilla Pivot Points
Camarilla pivot points include eight levels that closely align with support and resistance. These points are particularly useful for setting stop-loss and profit targets.
Camarilla Pivot Points Formula :
Fourth Resistance (R4): (H - L) * 1.1 / 2 + C
Third Resistance (R3): (H - L) * 1.1 / 4 + C
Second Resistance (R2): (H - L) * 1.1 / 6 + C
First Resistance (R1): (H - L) * 1.1 / 12 + C
First Support (S1): C - (H - L) * 1.1 / 12
Second Support (S2): C - (H - L) * 1.1 / 6
Third Support (S3): C - (H - L) * 1.1 / 4
Fourth Support (S4): C - (H - L) * 1.1 / 2
🟣 Woodie Pivot Points
Woodie pivot points are similar to floor pivot points but place more emphasis on the closing price. This method often results in different pivot levels than the floor method.
Woodie Pivot Points Formula :
Pivot Point (PP): (H + L + 2 * C) / 4
First Resistance (R1): (2 * P) - L
Second Resistance (R2): P + H - L
First Support (S1): (2 * P) - H
Second Support (S2): P - H + L
🟣 Fibonacci Pivot Points
Fibonacci pivot points use the standard floor pivot points and then apply Fibonacci retracement levels to the range of the previous trading period. The common retracement levels used are 38.2%, 61.8%, and 100%.
Fibonacci Pivot Points Formula :
Pivot Point (PP): (H + L + C) / 3
Third Resistance (R3): PP + ((H - L) * 1.000)
Second Resistance (R2): PP + ((H - L) * 0.618)
First Resistance (R1): PP + ((H - L) * 0.382)
First Support (S1): PP - ((H - L) * 0.382)
Second Support (S2): PP - ((H - L) * 0.618)
Third Support (S3): PP - ((H - L) * 1.000)
These pivot point calculations help traders identify potential support and resistance levels, enabling more informed decision-making in their trading strategies.
🔵 How to Use
🟣 Two Methods for Trading Pivot Points
There are two primary methods for trading pivot points: trading with "pivot point breakouts" and trading with "price reversals."
🟣 Pivot Point Breakout
A breakout through pivot lines provides a significant signal to the trader, indicating a change in market sentiment. When an upward breakout occurs and the price crosses these lines, a trader can enter a long position and place their stop-loss below the pivot point (P).
Similarly, if a downward breakout happens, a short order can be placed below the pivot point.
When trading with pivot point breakouts, if the upward trend breaks, the first and second support levels can be the trader's profit targets. In a downward trend, the first and second resistance levels will serve this role.
🟣 Price Reversal
Another method for trading pivot points is waiting for the price to reverse from the support and resistance levels. To execute this strategy, one should trade in the opposite direction of the trend as the price reverses from the pivot point.
It's worth noting that although traders use this tool in higher time frames, it yields better results in shorter time frames such as one-hour, 30-minute, and 15-minute intervals.
Support and Resistance with Signals [UAlgo]🔶 Description:
"Support and Resistance with Signals ", is designed to identify key support and resistance levels on a trading chart while also signaling potential retests (denoted as "R") and breakouts (denoted as "B"). The indicator dynamically plots support and resistance lines based on pivot points and adjusts them according to price action and sensitivity settings. It aims to assist traders in identifying significant price levels and potential reversal or breakout opportunities.
🔶 Key Features:
Pivot Points: The indicator calculates pivot highs and pivot lows based on a specified period length (Checks Left and Right bars). Adjust the length of the pivot period to control the sensitivity of support and resistance levels according to the your preferences.
Support and Resistance Lines: It plots support and resistance lines at the pivot high and pivot low points, respectively.
Retest and Breakout Signals: Signals are generated based on the sensitivity setting, which adds/subtracts a portion (half) of the Average True Range (ATR) to the pivot points. A retest signal ("R") is generated when the price approaches the support or resistance level within the sensitivity range. A breakout signal ("B") is generated when the price surpasses the support or resistance level.
Sensitivity (ATR Length): Modify the retest-breakout sensitivity length to fine-tune the generation of signals based on price volatility.
Maximum Lines : Limit the number of support and resistance lines displayed on the chart for clarity.
Line Colors and Width: Customize the colors and width of support and resistance lines for better visualization.
More Examples:
Before Retest Signal:
When the price enters the retest range at the specified sensitivity:
Disclaimer:
This indicator is provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and users should conduct their own research and analysis before making any investment decisions. The retest and breakout signals generated by this indicator are based on historical price data and may not guarantee future results. Users should exercise caution and use additional confirmation methods before entering any trades based on the signals provided by this indicator.
Happy Trading !
Range DetectionThis is a simple indicator to find the sideways market or ranging market.
It is mainly focused on BTCUSD as BTCUSD doesn’t make big moves each and every candle. It makes big breakouts with one candle and then goes sideways for a longer period of time.
So, this indicator identifies those big candles and plots high and lows of those big candles using lines. New range is created only when new candles close above or below previous major candles high or low.
Stop Loss Hunting Zones This Pine Script indicator identifies and visualizes potential "stop loss hunting zones" on charts. It marks price levels where institutional traders or market makers might trigger retail stop losses before reversing direction, helping traders avoid false breakouts and better time their entries.
Key Features:
Four Types of Detection Zones-
1.Swing Zones (Red/Green): Identifies swing highs and lows using pivot point analysis where stop losses typically cluster above resistance and below support levels.
2.Breakout Zones (Orange): Detects consolidation periods and marks levels where false breakouts might occur, trapping traders who enter too early.
3.Wick Trap Zones (Purple): Highlights candles with disproportionately large wicks relative to body size, indicating potential stop loss raids with quick reversals.
4.Volume Reversal Zones (Blue): Identifies high-volume reversal patterns where price briefly touches a level before sharply reversing, suggesting stop loss absorption.
Customizable Parameters:
Swing Lookback: Period for pivot point detection (5-100 bars)
Swing Threshold: Minimum percentage move to qualify as a swing (0.5-10%)
Volume Threshold: Multiplier for detecting unusual volume (1-5x average)
Wick Ratio: Minimum wick-to-total range ratio for trap detection (0.3-0.9)
ATR Settings: Length and multiplier for zone buffer calculation
Zone Management: Maximum zones per type and minimum distance between zones
Display Options: Toggle individual zone types, heatmap intensity, labels, and transparency
Visual Features:
Heatmap Mode: Colour intensity reflects how often price has tested each zone
Smart Zone Management: Prevents chart cluttering by limiting zones and removing those too close together
Dynamic Labels: Clear zone identification with customizable display
Adjustable Transparency: Control zone visibility (10-90%)
How It Works:
The indicator uses ATR-based buffers to create zones around detected levels. It tracks price history to calculate "intensity" scores for the heatmap feature, helping identify the most significant hunting zones. The algorithm ensures zones are meaningful by enforcing minimum distances and limiting total zones displayed.
Avoid placing stop losses at obvious levels where hunting is likely
Identify potential reversal points for counter-trend trades
Recognize false breakout patterns before they complete
Time entries after stop loss hunts are absorbed
Technical Details:
Maximum 500 boxes, lines, and labels for comprehensive zone tracking
Compatible with all timeframes
Works on any market (stocks, forex, crypto, futures)
Real-time detection as new bars confirm
This indicator is designed for traders who want to understand where institutional players might target retail stop losses and use that information to their advantage. Please boost & follow for more. Happy trading !!
Disclaimer: This indicator is for educational and informational purposes only. It should not be considered financial advice. Always perform your own analysis and risk management before trading.
SNIPER Initial Balance V1SNIPER INITIAL BALANCE V1
### What It Does
Draws the first hour's high/low range with extensions and breakout signals.
### IB Times (Auto-Selected)
| Market Type | IB Period (ET) |
|-------------|----------------|
| Index (ES/NQ/YM) | 9:30 - 10:30 |
| Gold (GC/MGC) | 8:30 - 9:30 |
| Energy (CL) | 9:00 - 10:00 |
### Levels Drawn
| Level | Style | Purpose |
|-------|-------|---------|
| IB High | Solid | Resistance |
| IB Low | Solid | Support |
| IB Mid | Dashed | Mean reversion |
| 50% Ext | Dotted | Target 1 |
| 100% Ext | Dotted | Target 2 |
| 1SD (1.28x) | Dashed | 80% range |
| 2SD (2.0x) | Dashed | 95% range |
### Signals
| Signal | Meaning | Action |
|--------|---------|--------|
| `IB↑` | Breakout above IB High | Look for long |
| `IB↓` | Breakout below IB Low | Look for short |
| `RT↑` | Retest long entry | **BEST ENTRY** - Go long |
| `RT↓` | Retest short entry | **BEST ENTRY** - Go short |
| `FK` | Fakeout warning | **AVOID** - Don't enter |
### Entry Requirements (All Must Be True)
- ✅ Close above/below level (not just wick)
- ✅ Volume ≥ 1.3x average
- ✅ Body ≥ 60% of candle
- ✅ Minimal adverse wick
### Quick Trade Plan
```
LONG: Wait for RT↑ → SL below IB Low → TP at 50% or 100% ext
SHORT: Wait for RT↓ → SL above IB High → TP at 50% or 100% ext
```
---
Malama's Pre-Market BoxThis script is a comprehensive Pre-Market range visualizer designed to replace older, single-candle analysis tools. It automatically highlights the full pre-market session (04:00–09:30 EST) and extends key support/resistance levels into the regular trading day.
Why this script was created (Evolution from previous versions): This is a complete architectural rewrite of the older "Malama's KAYCAP Pre-Market Box."
Old Logic: The previous version focused on isolating a single, specific 1-minute candle (e.g., exactly 4:00 AM) to determine levels.
New Logic: This version tracks the entire pre-market session range. It dynamically updates the True High and True Low as the pre-market develops, providing a much more accurate support/resistance zone for the open.
Visual Overhaul: Instead of static plots, this version uses Pine Script v6 box and line objects to draw a clean, shading-customizable range that automatically extends rightward until the trading session ends.
How it works:
Session Tracking: The script monitors the user-defined session (default 04:00-09:30).
Dynamic Box: As price moves during pre-market, a box is drawn covering the highest high and lowest low of that period.
Level Extension: At 09:30 (Market Open), the script locks the High and Low values. It then projects two horizontal lines (Resistance and Support) across the chart for the rest of the day.
Breakout Detection: If the price closes outside these levels during regular hours, the script can optionally trigger Alerts and plot "BREAK" labels on the chart.
Settings:
Time Settings: Customizable session string (default captures standard US Pre-Market).
Visuals: Fully adjustable box colors, border transparency, and line width.
Signals: Toggle breakout labels on/off.
Alerts Included:
Bullish Breakout: Triggers when price crosses and closes above the Pre-Market High.
Bearish Breakdown: Triggers when price crosses and closes below the Pre-Market Low.
Hybrid Strategy: Trend/ORB/MTFHybrid Strategy: Trend + ORB + Multi-Timeframe Matrix
This script is a comprehensive "Trading Manager" designed to filter out noise and identify high-probability breakout setups. It combines three powerful concepts into a single, clean chart interface: Trend Alignment, Opening Range Breakout (ORB), and Multi-Timeframe (MTF) Analysis.
It is designed to prevent "analysis paralysis" by providing a unified Dashboard that confirms if the trend is aligned across 5 different timeframes before you take a trade.
How it Works
The strategy relies on the "Golden Trio" of confluence:
1. Trend Definition (The Setup) Before looking for entries, the script analyzes the immediate trend. A bullish trend is defined as:
Price is above the Session VWAP.
The fast EMA (9) is above the slow EMA (21). (The inverse applies for bearish trends).
2. The Signal (The Trigger) The script draws the Opening Range (default: first 15 minutes of the session).
Buy Signal: Price breaks above the Opening Range High while the Trend is Bullish.
Sell Signal: Price breaks below the Opening Range Low while the Trend is Bearish.
3. The Confirmation (The Filter) A signal is only valid if the Higher Timeframe (default: 60m) agrees with the direction. If the 1m chart says "Buy" but the 60m chart is bearish, the signal is filtered out to prevent false breakouts.
Key Features
The Matrix Dashboard A zero-lag, real-time table in the corner of your screen that monitors 5 user-defined timeframes (e.g., 5m, 15m, 30m, 60m, 4H).
Trend: Checks if Price > EMA 21.
VWAP: Checks if Price > VWAP.
ORB: Checks if Price is currently above/below the Opening Range of that session.
D H/L: Warns if price is near the Daily High or Low.
PD H/L: Warns if price is near the Previous Daily High or Low.
Visual Order Blocks The script automatically identifies valid Order Blocks (sequences of consecutive candles followed by a strong explosive move).
Chart: Draws Green/Red zones extending to the right, showing where price may react.
Dashboard: Displays the exact High, Low, and Average price of the most recent Order Blocks for precision planning.
Risk Management (Trailing Stop) Once a trade is active, the script plots Chandelier Exit dots (ATR-based trailing stop) to help you manage the trade and lock in profits during trend runs.
Visual Guide (Chart Legend)
⬜ Gray Box: Represents the Opening Range (first 15 minutes). This is your "No Trade Zone." Wait for price to break out of this box.
🟢 Green Line: The Opening Range High. A break above this line signals potential Bullish momentum.
🔴 Red Line: The Opening Range Low. A break below this line signals potential Bearish momentum.
🟢 Green / 🔴 Red Zones (Boxes): These are Order Blocks.
🟢 Green Zone: A Bullish Order Block (Demand). Expect price to potentially bounce up from here.
🔴 Red Zone: A Bearish Order Block (Supply). Expect price to potentially reject down from here.
⚪ Dots (Trailing Stop):
🟢 Green Dots: These appear below price during a Bullish trend. They represent your suggested Stop Loss.
🔴 Red Dots: These appear above price during a Bearish trend.
🏷️ Buy / Sell Labels:
BUY: Triggers when Price breaks the Green Line + Trend is Bullish + HTF is Bullish.
SELL: Triggers when Price breaks the Red Line + Trend is Bearish + HTF is Bearish.
Settings
Session: Customizable RTH (Regular Trading Hours) to filter out pre-market noise.
Matrix Timeframes: 5 fixed slots to choose which timeframes you want to monitor.
Order Blocks: Adjust the sensitivity and lookback period for Order Block detection.
Risk: Customize the ATR multiplier for the trailing stop.
Disclaimer
This tool is for educational purposes only. Past performance does not guarantee future results. Always manage your risk properly.
Bull Flag & Flat Top Breakout DetectorBull Flag & Flat Top Detector - Quick Reference Guide
Pattern Overview
🚩 Bull Flag
╱╲
╱ ╲ ← Pullback (2-5 red candles)
╱ ╲
╱ ╲____
╱ ╲
│ │
│ THE POLE │ ← Strong upward move (3+ green candles)
│ │
└──────────────┘
What to look for:
Strong initial move (the "pole") - 3+ green candles, 3%+ move
Brief pullback - 2-5 candles, less than 50% retracement
Pullback should "drift" lower, not crash
Entry on first candle to make new high after pullback
📊 Flat Top Breakout
════════════════ ← Resistance (multiple touches)
↑ ↑ ↑
╱╲ ╱╲ ╱╲
╱ ╲╱ ╲╱ ╲ ← Consolidation
╱ ╲
╱ ╲
What to look for:
Multiple touches of same resistance level (2+)
Tight consolidation range
Each failed breakout builds pressure
Entry on convincing break above resistance with volume
Signal Types
SignalShapeColorMeaningBull Flag Breakout▲ TriangleLimeEntry signal - go longFlat Top Breakout◆ DiamondAquaEntry signal - go longBear Flag Breakout▼ TriangleRedShort entry (if enabled)Pattern Forming🚩 FlagFaded GreenBull flag developingPattern Forming■ SquareFaded BlueFlat top developing
Level Lines Explained
LineColorStyleMeaningEntryLimeSolidBreakout trigger priceStop LossRedDashedExit if price falls hereTarget 1AquaDottedFirst profit target (2R)Target 2YellowDottedSecond profit target (3R)
Info Table Reference
FieldWhat It ShowsBull FlagScanning / Forming 🚩 / Breakout ✓Flat TopScanning / Forming 📊 / Breakout ✓PullbackCandle count + retracement %Rel VolumeCurrent bar vs averageEMA 20Above ✓ or Below ✗VWAPAbove ✓ or Below ✗Green StreakConsecutive green candles (pole)ResistanceTouch count for flat top
Trading Checklist
Before Entry ✅
Pattern status shows "FORMING" or "BREAKOUT"
Price above EMA (table shows ✓)
Price above VWAP (table shows ✓)
Relative volume 1.5x+ (ideally 2x+)
Stock is in play (up 5%+ on day, has catalyst)
Market direction supportive (not fighting trend)
Entry Execution
Wait for breakout candle to form
Confirm volume spike on breakout
Enter as close to entry line as possible
Set stop loss at red dashed line
Know your target levels
Trade Management
If no immediate follow-through → consider exit ("breakout or bailout")
Take 50% off at Target 1
Move stop to breakeven
Let remainder run toward Target 2
Exit fully if price returns below entry
Bull Flag Quality Checklist
Pole Quality:
FactorIdealAcceptableAvoidGreen candles5+3-4Less than 3Move size10%+3-10%Less than 3%VolumeIncreasingSteadyDecliningCandle bodiesLargeMediumSmall/doji
Pullback Quality:
FactorIdealAcceptableAvoidCandle count2-34-56+RetracementUnder 38%38-50%Over 50%VolumeDecliningSteadyIncreasingCharacterOrderly driftChoppySharp drop
Flat Top Quality Checklist
FactorGood SetupWeak SetupTouches3+ at same levelOnly 2, widely spacedToleranceVery tight (0.2%)Loose (1%+)Duration5-15 barsToo short or too longVolumeDrying upErraticPrior trendUpSideways/down
Common Mistakes to Avoid
❌ Entering too early
Wait for actual breakout, not anticipation
"Forming" ≠ "Breakout"
❌ Ignoring volume
No volume = likely false breakout
Require 1.5x+ relative volume minimum
❌ Fighting the trend
Check EMA and VWAP status
Both should be ✓ for high probability
❌ Wide stops
Stop should be below pullback low
If stop is too wide, skip the trade
❌ Holding losers
"Breakout or bailout" - if it doesn't work, exit
Failed breakouts often reverse hard
❌ Chasing extended moves
If you missed entry, wait for next pattern
Don't chase 5+ candles after breakout
Risk Management Rules
Position Sizing
Risk Amount = Account × Risk % (typically 1-2%)
Position Size = Risk Amount ÷ (Entry - Stop)
Example:
Account: $25,000
Risk: 1% = $250
Entry: $5.00
Stop: $4.70
Risk per share: $0.30
Position Size: $250 ÷ $0.30 = 833 shares
Risk-Reward Targets
TargetR MultipleExample (risk $0.30)Target 12:1+$0.60 ($5.60)Target 23:1+$0.90 ($5.90)
Timeframe Guide
TimeframeProsConsBest For1-minMore patterns, precise entryNoisy, false signalsScalping5-minGood balance, cleaner patternsFewer signalsDay trading15-minHigh quality patternsMiss fast movesSwing entries
Settings Quick Reference
Default Settings (Balanced)
Pole: 3 candles, 3% move
Pullback: 2-5 candles, 50% max retrace
Volume: 1.5x required
Filters: EMA + VWAP ON
Aggressive Settings
Pole: 2 candles, 2% move
Pullback: 2-6 candles, 60% max retrace
Volume: 1.2x required
Filters: VWAP OFF
Conservative Settings
Pole: 4 candles, 5% move
Pullback: 2-4 candles, 40% max retrace
Volume: 2.0x required
Filters: Both ON
Alert Setup
Recommended Alerts
"Bull Flag Forming"
Get early warning as pattern develops
Prepare your position size and levels
"Bull Flag Breakout"
Primary entry alert
React quickly when triggered
"Any Bullish Breakout"
Catch both bull flags and flat tops
Good for watchlist scanning
Alert Setup Steps
Right-click chart → Add Alert
Condition: Select "Bull Flag & Flat Top Breakout Detector"
Choose alert type from dropdown
Set expiration and notification method
Troubleshooting
Q: Patterns not detecting?
Lower the Min Pole Move % setting
Reduce Min Pole Candles requirement
Check that price is in acceptable range
Q: Too many false signals?
Increase volume multiplier to 2.0x
Enable both EMA and VWAP filters
Increase Min Pole Move %
Q: Levels not showing?
Enable "Show Entry Line", "Show Stop Loss", "Show Targets"
Check "Max Patterns to Display" setting
Q: Info table not visible?
Enable "Show Info Table" in settings
Try different table position
Pattern Combinations
Best Setups (A+ Quality)
Bull flag on a gap day (Gap & Go → Bull Flag)
Flat top at pre-market high resistance
Pattern forming above VWAP with 5x+ volume
Avoid These
Bull flag below VWAP
Flat top in downtrending stock
Low volume patterns
Patterns late in the day (after 2pm)
Daily Routine
Pre-Market (7-9am)
Build watchlist of gappers (5%+, high volume)
Apply indicator to top 3-5 candidates
Note pre-market levels
Market Open (9:30-10:30am)
Watch for "FORMING" status on watchlist
Prepare entries as patterns develop
Execute on breakout signals
Manage trades according to plan
Midday (10:30am-2pm)
Look for second-wave patterns
Be more selective (less momentum)
Consider tighter stops
Close (2-4pm)
Generally avoid new patterns
Manage existing positions
Review day's trades
Turtle 20-Day Breakout (Donchian)Yes, the most important indicator used in the Turtle Rules (Turtle Trading Strategy) for finding breakouts above previous highs is the Donchian Channel. 🐢📈
Donchian Channel
The Donchian Channel is a trend-following indicator composed of three lines plotted on the chart:
Shutterstock
Upper Band: The highest high over the defined number of periods.
Lower Band: The lowest low over the defined number of periods.
Middle Line: The average of the Upper and Lower bands (not always used, but sometimes added for orientation).
The Turtle Rules use the following periods for the entry signals (breakouts) you mentioned in your query:
Short-Term (System 1): Crossing the 20-day high (this corresponds to the upper band of a Donchian Channel with a 20-period setting).
Mid-Term/Long-Term (System 2): Crossing the 55-day high (this corresponds to the upper band of a Donchian Channel with a 55-period setting).
Crossing the upper band signals a breakout and serves as the buy signal for a long position (for short positions, crossing below the lower band is used).
Is there anything else I can translate for you, or would you like me to elaborate on the Average True Range (ATR), the other key indicator used by the Turtles?
Lorentzian Length Adaptive Moving Average [LLAMA] Adaptation of "Machine Learning: Lorentzian Classification" by
Gradient color by base on work by
LLAMA: A regime-aware adaptive moving average that bends with the market.
Start with a problem traders know:
Traditional moving averages are either too slow (EMA200) or too fast (EMA9)
Adaptive MAs exist, but they often hug price too tightly or smooth too much, failing to balance bias and tactics
LLAMA uses a Lorentzian distance function to adapt its length dynamically. Instead of a fixed smoothing window, it stretches or contracts depending on market conditions. This distortion reduces lag while still providing a clear bias line.
The indicator looks back at recent bars and measures how similar they are using a Lorentzian distance (a log‑scaled absolute difference). It keeps track of the “nearest neighbors” — bars that most resemble the current regime. Each neighbor carries a label (long, short, neutral) based on simple price comparisons. By averaging these labels, LLAMA predicts whether the market is leaning bullish or bearish. That prediction is then mapped into a dynamic length between and .
Bullish bias -> length stretches toward max (smoother, more stable).
Bearish bias -> length contracts toward min (snappier, more reactive).
During breakouts, LLAMA tightens and comes into contact with bars, giving actionable signals. During chop, it stretches to avoid false triggers. It covers both ends of the spectrum (bias and tactics) in one line, something static MA's can't do.
Think of LLAMA as a lens that bends with the market:
Wide lens (max length) for big picture bias.
Narrow lens (min length) for tactical precision.
The "Lorentzian Loop" is the math that decides when to widen or narrow.
Easy [CHE] Easy — Minimalist Pine Script for detecting EMA direction changes to define fixed price zones for simple support and resistance visualization, ideal for manual trading workflows.
Summary
This indicator's programming is kept minimalist and super simple, with core logic in under 20 lines for easy comprehension and modification. It creates fixed price zones based on divergences between a base exponential moving average and its smoother counterpart, helping traders spot potential consolidation or reversal areas without dynamic adjustments. By locking the zone at the high and low of the signal bar, it avoids over-expansion in volatile conditions, offering a stable reference line colored by price position relative to the zone. This approach differs from expanding channels by prioritizing simplicity and persistence until a new qualifying signal, reducing visual clutter while highlighting directional bias through midpoint coloring.
Motivation: Why this design?
Traders often face noisy signals from moving averages that flip frequently in sideways markets or lag during breakouts, leading to premature entries or missed opportunities. This indicator addresses that by focusing on confirmed direction shifts between the base and smoothed averages, then anchoring a non-expanding zone to capture the initial price range of the shift. The result is a cleaner tool for marking equilibrium levels, assuming price respects these bounds in ranging or mildly trending conditions.
What’s different vs. standard approaches?
- Reference baseline: Traditional moving average crossovers or simple channels that update every bar.
- Architecture differences:
- Zones are set only on new divergence signals and remain fixed until reset by a gap from the prior zone.
- No ongoing high-low expansion; relies on persistent variables to hold bounds across bars.
- Midpoint plotting with conditional coloring based on close position, plus a highlight for zone initiations.
- Practical effect: Charts show persistent horizontal references instead of drifting lines, making it easier to gauge if price is rejecting or embracing the zone—useful for avoiding false breaks in low-volatility setups.
How it works (technical)
The indicator first computes a base exponential moving average of closing prices over a user-defined length, then applies a second exponential moving average to smooth that base. It checks if both the base and smoothed values are increasing or decreasing compared to their prior values, indicating aligned direction. A signal triggers when this alignment breaks, marking a potential shift.
On a new signal, if the current bar's high and low fall outside any existing zone (or none exists), the zone bounds update to those extremes and persist via dedicated variables. The midpoint of these bounds becomes the primary plot line, colored green if below the close (bullish lean), red if above (bearish lean), or gray otherwise. A secondary thick line highlights the midpoint briefly when a zone first sets, aiding visual confirmation. No higher timeframe data or external fetches are used, so updates occur on each bar close without lookahead.
Parameter Guide
EMA Length — Sets the period for the base moving average; longer values smooth more, reducing signal frequency but increasing lag. Default: 50. Trade-offs/Tips: Shorter for faster response in intraday charts (risks noise); longer for daily trends (may miss early shifts).
Smoother Length — Defines the period for the secondary smoothing on the base average; higher values dampen minor wiggles for stabler direction checks. Default: 3. Trade-offs/Tips: Keep low (2–5) for sensitivity; increase to 7+ if zones trigger too often in choppy markets, at cost of delayed signals.
Reading & Interpretation
The main circle plot at the zone midpoint serves as a dynamic equilibrium line: green suggests price is above the zone (potential strength), red indicates below (potential weakness), and gray shows containment within bounds (neutral consolidation). A sudden thick foreground line at the midpoint flags a fresh zone start, prompting review of the prior bar's context. Absence of a plot means no active zone, implying reliance on price action alone until the next signal.
Practical Workflows & Combinations
- Trend following: Enter long on green midpoint after a higher low touches the zone lower bound, confirmed by structure like higher highs; filter shorts similarly on red with lower highs.
- Exits/Stops: Use the opposite zone bound as a conservative stop (e.g., below lower for longs); trail aggressively to midpoint on strong moves, tightening near gray neutrality.
- Multi-asset/Multi-TF: Defaults work across forex and stocks on 1H–Daily; for crypto volatility, shorten EMA Length to 20–30. Pair with volume oscillators for confirmation, avoiding isolated use.
Behavior, Constraints & Performance
- Repaint/confirmation: Plots update on bar close using historical closes, so confirmed signals hold; live bars may shift until close but without future references.
- security()/HTF: Not used, eliminating related repaint risks.
- Resources: Minimal overhead—no loops, arrays, or bar limits exceeded; suitable for real-time on any timeframe.
- Known limits: Fixed zones may lag in strong trends (price drifts away without reset); signals skip if no gap from prior zone, potentially missing clustered shifts. Assumes standard OHLC data; untested on non-equity assets.
Sensible Defaults & Quick Tuning
Start with EMA Length at 50 and Smoother Length at 3 for balanced daily charts. If signals fire too frequently (e.g., in ranges), extend EMA Length to 100 for fewer but stabler zones. For sluggish response in trends, drop Smoother Length to 2 and EMA Length to 30, monitoring for added noise. In high-vol setups, widen both to 75/5 to filter extremes, trading speed for reliability.
What this indicator is—and isn’t
This is a lightweight visualization layer for EMA-driven zones, aiding manual chart reading and basic signal spotting. It is not a standalone system, predictive model, or automated alert generator—integrate with broader analysis like market structure and risk rules. (Unknown/Optional: No built-in alerts or multi-timeframe scaling.)
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts.
Best regards and happy trading
Chervolino
Low and Preceding High (Breakout + Bullis fgv + Extending Fib)🚀 Last Low & Preceding High: Bullish Reversal Strategy
This indicator identifies high-probability long setups by confirming a Bullish Market Structure Shift (BMS) coupled with a strong momentum filter.
🧠 Indicator Logic (How It Works)
The core function of this tool is to automatically locate the key structural points that lead to a bullish bias:
Structure Identification: It first defines a Range between the two most recent Pivot Lows. Within this range, it finds the Preceding High (the highest close before the current low) and the true Low Anchor (the lowest low/tail of the pivot low).
Breakout and Momentum Filter: A valid signal requires two conditions to be met on the current bar:
Bullish Breakout: The price must close above the Preceding High.
Marubozu Confirmation: A strong Bullish Marubozu candle (minimal wicks) must be present in the impulse move from the low, filtering for institutional strength.
Fibonacci Discount Zones: Upon confirmation, the indicator calculates and plots the discount zones (0.50, 0.618, 0.786) using the true extremes (tail-to-tail anchors). These zones start extending from the breakout candle and represent high-value areas for potential entries.
🎯 Entry and Risk Management
The strategy provides clear rules for execution once the logic is confirmed:
Entry Execution:
Wait for Retracement: Enter a Long position when the price retraces back into the colored Discount Zones (0.50 to 0.786).
Risk Control:
🛑 Stop Loss (SL): Placed below the Low Line (the swing low that initiated the move).
✅ Take Profit (TP): Placed above the High Line (the high that was broken).
Final note
"Special thanks to Mr. Mazen (@dr0chart) for developing this strategy."
Institutional Compression Breakout (ICBO Algo) [@darshakssc]The ICBO Algo is a smart intraday trading tool that detects institutional compression zones followed by breakout confirmation. It combines candle range analysis, volume compression, EMA filtering, and ATR-based Risk/Reward zones to highlight high-probability trade setups with visual clarity.
This script is designed for educational and research purposes only, fully aligned with TradingView’s Pine Script policy and publishing guidelines.
🔍 Key Features
🌀 Compression Zone Detection
Identifies low-range, low-volume candles often formed before institutional breakouts.
📈📉 Breakout Signals
Triggered after confirmed price + EMA breakout post-compression.
📊 Dashboard Panel
Displays breakout phase, current R:R ratio, and zone status in real-time.
🟢🔴 Buy/Sell Labels with Emojis
Clean and non-intrusive labels for immediate action recognition.
🔔 Alerts Included
Receive real-time push, email, or webhook alerts for breakout signals.
⚙️ How It Works
Compression Phase:
When the candle range and volume are significantly lower than the moving average, the script flags it as a compression zone.
Breakout Confirmation:
A breakout signal is confirmed when the price breaks the previous high/low and is above/below the trend EMA.
Entry Logic:
📈 Buy: Price > previous high + above EMA after compression
📉 Sell: Price < previous low + below EMA after compression
⚠️ Disclaimer
This script is intended for educational and research purposes only. It does not constitute financial advice or recommendations of any kind. Always use proper risk management. Past performance does not guarantee future results.
ORB Breakout Traffic Signal (5/15/30)ORB Breakout Traffic Signal (5/15/30)
This indicator visualizes Opening Range Breakouts (ORB) for the first 5, 15, and 30 minutes of the US regular trading session (09:30–16:00 ET).
It provides a compact, easy-to-read traffic signal table on your chart to show whether price is breaking out, breaking down, or consolidating inside the range.
🔑 Features
Auto-anchors at 09:30 ET (converted to your local time automatically).
Tracks ORB High/Low for:
5-minute window (09:30–09:34)
15-minute window (09:30–09:44)
30-minute window (09:30–09:59)
Displays results in a compact table:
↑ (green) → price has broken above the ORB high
↓ (red) → price has broken below the ORB low
• (gray) → price remains inside the ORB range (optional; can be disabled)
Customizable:
Toggle which ORBs to show (5m, 15m, 30m)
Choose table position (top/bottom left/right)
Adjustable text size
Option to plot the ORB High/Low lines on your chart
📌 Usage
Designed for intraday traders watching US equities/ETFs/futures.
Works best on 1-minute or 5-minute charts with Extended Hours turned OFF (so the session starts exactly at 09:30 ET).
Helps you quickly spot early breakouts (5m), mid-session trends (15m), or confirmed directional moves (30m).
⚠️ Notes
Signals only update during the RTH session
Outside market hours, the last locked ORB and signal remain displayed until the next open.
This tool is for analysis/visualization only; not a buy/sell signal. Always combine with your own trading strategy and risk management.
👉 Perfect for traders who want a quick visual confirmation of whether price is breaking out of the opening range or stuck inside it.
CTA-min D1 — Donchian 55/20 Trend Breakout (ATR Risk)What it is
A clean, daily trend-following breakout inspired by classic CTA/Turtle logic. It buys strength and sells weakness, then lets winners run with a channel-based trailing stop. No curve-fitting, no clutter—just rules.
How it trades
Timeframe: Daily (D1)
Entry: Close breaks the previous 55-bar Donchian channel (above for longs, below for shorts).
Exit/Trail: Trailing stop at the 20-bar Donchian channel on the opposite side (no fixed TP).
Risk: Initial stop = ATR(N) × stopMult (ATR is smoothed). Position size risks riskPct% of equity based on stop distance.
Labels: “BUY/SELL” only on the entry bar; “STOP BUY/STOP SELL” only on the exit bar.
Pyramiding: Off (one position at a time).
Regime Alignment with EMAs (recommended filter, not enforced by code)
Add EMA 50 and EMA 200 to the D1 chart.
Long bias: take BUY signals only when EMA50 > EMA200 (bullish regime).
Short bias: take SELL signals only when EMA50 < EMA200 (bearish regime).
Optional: for extra selectivity, require the H4 EMAs (50/200) to align with D1 before acting on a signal.
Inputs
entryN (55), exitN (20), atrLen (20), atrSmooth (10), stopMult (2.0), riskPct (0.5%–1.0% recommended).
Works well on (tested by user)
BTCUSD (Bitcoin), EURUSD, GBPJPY, NAS100/US100, USDJPY, AUDUSD, XAGUSD (Silver), US30 (Dow), JP225 (Nikkei), EURGBP, NZDUSD, EURCHF, USDCHF.
How to use
Apply to D1 charts. Review once per day after the daily close and execute next session open to mirror backtest assumptions. Best used as a portfolio strategy across multiple uncorrelated markets. Use the EMA alignment above as a discretionary regime filter to reduce false breakouts.
Notes
For educational use. Markets involve risk; past performance does not guarantee future results. Use responsible position sizing.
OBV Breakout Screener (By Tarso)1. Purpose of the Indicator
The "Advanced OBV Breakout Screener" is a specialized tool designed to find a powerful bullish signal. It scans for assets where buying pressure is increasing significantly, even though the price has not yet broken out.
The core strategy is to identify assets where:
Volume is leading Price: The On-Balance Volume (OBV) has already broken its recent high.
Price is still contained: The asset's price has not yet broken its recent high.
This setup helps you find potential trading opportunities right before a possible upward move.
2. How to Set Up the Indicator
First, you need to add the script to your TradingView account.
Open any chart on TradingView.
Click on the "Pine Editor" tab at the bottom of the screen.
Delete any existing code and paste the entire "Advanced OBV Breakout Screener" script into the editor.
Click "Add to chart". The indicator will now appear in a separate panel below your main price chart.
3. How to Use it with the Pine Screener (Step-by-Step)
This is the main purpose of the indicator. The script does all the complex analysis and provides a simple "1" (Signal is ON) or "0" (Signal is OFF). You only need to set up one filter.
Open the Stock Screener (or Crypto/Forex Screener).
Click the Filters button to open the settings panel.
Ensure you are on the Pine Screener tab (this allows you to filter using custom indicators).
In the indicator selection menu (it might say "Select Indicator..."), find and choose Advanced OBV Breakout Screener from your list.
Now, configure the single filter condition as follows:
In the first box, select Advanced Breakout Signal.
In the second box, select Equal to.
In the third box, select Number and type 1.
Your filter setup should look clean and simple, like this:
That's it! The screener will now display a list of all assets that currently meet the "Advanced Breakout" criteria for the timeframe you have selected (e.g., Daily, 4h, 1h).
4. Configuring the Lookback Period
By default, the indicator analyzes the last 20 periods. If you want to change this (for example, to scan for breakouts over 50 days), you must adjust it in the indicator's settings on your chart.
Go back to your chart view.
Find the "Advanced OBV Breakout Screener" panel.
Click the Settings icon (⚙️) next to the indicator's name.
In the "Inputs" tab, change the "Lookback Period (days)" to your desired value.
Click "OK".
The Pine Screener will automatically use this new setting for its market scan.
5. Understanding the On-Chart Visuals
When you add the indicator to your chart, you will see:
Blue Line: This is the On-Balance Volume (OBV).
Red Stepped Line: This represents the highest value the OBV has reached during the lookback period. A breakout happens when the blue line moves above this red line.
Green Triangle (▲): This symbol appears below a price candle whenever the full "Advanced Breakout" condition (OBV breakout + Price containment) is met, giving you a clear visual confirmation.
volatility-adjusted breakout envelopethis indicator is designed to help traders visually identify potential entry and exit points based on volatility-adjusted price thresholds. it works by calculating a dynamic expected price move around the previous close using historical volatility data smoothed by exponential moving averages to reduce noise and present a clear range boundary on the chart.
the indicator first computes the logarithmic returns over a user-defined lookback period and calculates the standard deviation of these returns, which represents raw volatility. it annualizes this volatility according to the chart timeframe selected, then uses it to estimate an expected price movement for the current timeframe. this expected move is smoothed to avoid sudden spikes or drops that could cause confusing signals.
using this expected move, the indicator generates two key threshold lines: an upper threshold and a lower threshold. these lines create a volatility-based range around the smoothed previous close price. the thresholds themselves are further smoothed with exponential moving averages to produce smooth, easy-to-interpret lines that adapt to changing market conditions without being choppy.
the core trading signals are generated when the price closes outside of these smoothed threshold ranges. specifically, a long entry signal is indicated when the price closes above the upper threshold for the first time, signaling potential upward momentum beyond normal volatility expectations. a short entry signal occurs when the price closes below the lower threshold for the first time, indicating potential downward momentum.
once an entry signal is triggered, the indicator waits for the price to close back inside the threshold range before signaling an exit. when this occurs, an exit marker is displayed to indicate that the price has returned within normal volatility bounds, which may suggest that the previous trend is losing strength or the breakout has ended.
these signals are visually represented on the chart using small shapes: triangles pointing upwards mark the initial long entries, triangles pointing downwards mark short entries, and x shapes mark the exits for both long and short positions. the colors of these shapes are customizable to suit user preferences.
to use this indicator effectively, traders should watch for the first close outside the smoothed volatility range to consider entering a position in the breakout direction. the exit signals help identify when price action reverts back into the expected range, which can be used to close or reduce the position. this method emphasizes trading breakouts supported by statistically significant moves relative to recent volatility while providing a clear exit discipline.
this indicator is best applied to intraday or daily charts with consistent volatility and volume characteristics. users should adjust the volatility lookback period, smoothing factor, and trading session times to match their specific market and trading style. because it relies on price volatility rather than fixed price levels, it can adapt to changing market conditions but should be combined with other analysis tools and proper risk management.
overall, this indicator provides a smoothed, dynamic volatility envelope with clear visual entry and exit cues based on first closes outside and back inside these envelopes, making it a helpful assistant for manual traders seeking to capture statistically significant breakouts while maintaining disciplined exits.
Squeeze & Breakout Confirmation StrategyThis strategy focuses on identifying periods of low volatility (Bollinger Band Squeeze) and then confirming the direction of the subsequent breakout with momentum, volume, and candle strength.
Concepts Applied: Bollinger Bands (Squeeze), RSI (Momentum), Market Volume (Conviction), Candle Size (Strength)
Buy Signal:
Bollinger Band Squeeze: Look for a period where the Bollinger Bands contract significantly, indicating low volatility and consolidation. The bands should be very close to the price action.
RSI Breakout: After the squeeze, wait for the price to break decisively above the upper Bollinger Band. Simultaneously, the RSI should break above 60 (or even 70), indicating strong bullish momentum.
Volume Surge: The breakout candle should be accompanied by a significant increase in trading volume, ideally above its recent average, confirming strong buying interest.
Strong Bullish Candle: The breakout candle itself should be a large, bullish candle (e.g., a strong green candle with a small upper wick or a bullish engulfing pattern), demonstrating buyer conviction.
Sell Signal (Short):
Bollinger Band Squeeze: Look for a period where the Bollinger Bands contract significantly.
RSI Breakdown: After the squeeze, wait for the price to break decisively below the lower Bollinger Band. Simultaneously, the RSI should break below 40 (or even 30), indicating strong bearish momentum.
Volume Surge: The breakdown candle should be accompanied by a significant increase in trading volume, ideally above its recent average, confirming strong selling interest.
Strong Bearish Candle: The breakdown candle itself should be a large, bearish candle (e.g., a strong red candle with a small lower wick or a bearish engulfing pattern), demonstrating seller conviction.
Low Volatility Breakout Detector)This indicator is designed to visually identify potential breakouts from consolidation during periods of low volatility. It is based on classic Bollinger Bands and relative volume. Its primary purpose is not to generate buy or sell signals but to assist in spotting moments when the market exits a stagnation phase.
Arrows appear only when the price breaks above the upper or below the lower Bollinger Band, the band width is below a specified threshold (expressed in percentage), and volume is above its moving average multiplied by a chosen multiplier (default is 1). This combination may indicate the start of a new impulse following a period of low activity.
The chart background during low volatility is colored based on volume strength—the lower the volume during stagnation, the less transparent the background. This helps quickly spot unusual market behavior under seemingly calm conditions. The background opacity is dynamically scaled relative to the range of volumes over a selected period, which can be set manually (default is 50 bars).
The indicator works best in classic horizontal consolidations, where price moves within a narrow range and volatility and volume clearly decline. It is not intended to detect breakouts from formations such as triangles or wedges, which may not always exhibit low volatility relative to Bollinger Bands.
Settings allow you to adjust:
Bollinger Band length and multiplier,
Volatility threshold (in %),
Background and arrow colors,
Volume moving average length and multiplier,
Bar range used for background opacity scaling.
Note: For reliable results, it’s advisable to tailor the volatility threshold and volume/background ranges to the specific market and timeframe, as different instruments have distinct dynamics. If you want the background color to closely match the color of breakout arrows, you should set the same volume analysis period as the volume moving average length.
Additional note: To achieve a cleaner chart and focus solely on breakout signals, you can disable the background and Bollinger Bands display in the settings. This will leave only the breakout arrows visible on the chart, providing a clearer and more readable market picture.
