OPEN-SOURCE SCRIPT
*VIP*Trend Lines, Breakouts, Triangles, Volume*VIP*
Script Overview
This script provides an automated analysis of price action by identifying key technical patterns and signals. It includes trend lines, breakout alerts, triangle formations, volume analysis, candlestick patterns, and Fibonacci levels to assist with trading decisions.
Features & Functionality
📈 Trend Lines: A sloping trend line is drawn from the first bar, extending to the right. Price breakouts above or below this line are automatically flagged.
🚀 Breakout Patterns: When the price crosses the trend line, a “Take Profit Here” label is placed to highlight potential trading opportunities.
🔺 Triangle Patterns: Simulated triangle formations are drawn using horizontal lines to mark the top and bottom boundaries.
📊 Volume Analysis: Volume spikes are detected when the trading volume exceeds twice the 20-period SMA of volume.
🕯 Candlestick Patterns: Key reversal patterns like bullish and bearish engulfing formations are identified and marked on the chart.
📌 Support & Resistance Levels: Major price levels are automatically identified and plotted as dotted lines.
📐 Fibonacci Levels: Fibonacci retracement and extension levels are calculated and displayed for trend-based analysis.
How to Use
1️⃣ Add the script to your TradingView chart.
2️⃣ Adjust parameters (e.g., trend line slope, Fibonacci levels) to fit your trading strategy.
3️⃣ Look for signals like breakout alerts, volume spikes, and candlestick patterns to guide your trading decisions.
4️⃣ Customize further if needed—this script serves as a foundation for your personalized trading analysis.
If you have suggestions i am open to them.
This script provides an automated analysis of price action by identifying key technical patterns and signals. It includes trend lines, breakout alerts, triangle formations, volume analysis, candlestick patterns, and Fibonacci levels to assist with trading decisions.
Features & Functionality
📈 Trend Lines: A sloping trend line is drawn from the first bar, extending to the right. Price breakouts above or below this line are automatically flagged.
🚀 Breakout Patterns: When the price crosses the trend line, a “Take Profit Here” label is placed to highlight potential trading opportunities.
🔺 Triangle Patterns: Simulated triangle formations are drawn using horizontal lines to mark the top and bottom boundaries.
📊 Volume Analysis: Volume spikes are detected when the trading volume exceeds twice the 20-period SMA of volume.
🕯 Candlestick Patterns: Key reversal patterns like bullish and bearish engulfing formations are identified and marked on the chart.
📌 Support & Resistance Levels: Major price levels are automatically identified and plotted as dotted lines.
📐 Fibonacci Levels: Fibonacci retracement and extension levels are calculated and displayed for trend-based analysis.
How to Use
1️⃣ Add the script to your TradingView chart.
2️⃣ Adjust parameters (e.g., trend line slope, Fibonacci levels) to fit your trading strategy.
3️⃣ Look for signals like breakout alerts, volume spikes, and candlestick patterns to guide your trading decisions.
4️⃣ Customize further if needed—this script serves as a foundation for your personalized trading analysis.
If you have suggestions i am open to them.
نص برمجي مفتوح المصدر
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. يمكنك جعله مفضلاً لاستخدامه على الرسم البياني.
هل تريد استخدام هذا النص البرمجي على الرسم البياني؟
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.