[Pattern] Bull Flag [AR]

📈 Bullish Flag Pattern – TradingView Indicator
📌 Overview
The Bullish Flag Pattern indicator helps traders identify bullish flag formations, which typically signal a continuation of an uptrend. The script detects a strong uptrend (flagpole) followed by a sideways consolidation (flag) and alerts you when a breakout occurs.

🔹 Features
✔️ Detects bullish flag patterns automatically.
✔️ Marks possible flags and breakout points on the chart.
✔️ Sends alerts when a confirmed breakout happens.
✔️ Customizable parameters for fine-tuning detection.

🔧 Input Settings
Parameter Description Default Value
Flagpole Length Number of candles used to detect the uptrend. 20
Flag Length Number of candles to identify the consolidation. 10
Breakout Confirmation Candles Number of candles to confirm a breakout. 2
📊 How It Works
Detects a Flagpole:

The script identifies a strong uptrend by checking if the price has moved significantly in the last flagpoleLength candles.
Identifies the Flag:

The consolidation phase is detected when prices remain within a high-low range without breaking out.
Confirms a Breakout:

A breakout is marked when the price crosses above the flag’s high and is confirmed within breakoutConfirmation candles.
Alerts the User:

An alert is triggered when a breakout occurs.
📌 Visual Indicators
🔵 Blue Triangle → Marks a potential flag pattern.
🟢 Green Label → Signals a confirmed breakout.
🔵 Blue Line → Shows the flagpole range.
🟠 Orange Line → Highlights the flag’s consolidation zone.
🚨 Alerts
This script includes built-in alerts for breakout detection.
To enable alerts in TradingView:

Add the script to your chart.
Click on "Alerts" (top panel in TradingView).
Set condition to "Bullish Flag Breakout".
Choose notification method (popup, email, webhook, SMS).
Click Create Alert. 🎯
Now, you'll get notified whenever a breakout happens! 🚀

🛠 Customization
You can tweak the Flagpole Length, Flag Length, and Breakout Confirmation Candles to fit different markets and timeframes. Adjusting these settings helps to fine-tune pattern detection.

📚 Example Usage
Day Traders can use it on 5m-1H charts for short-term breakouts.
Swing Traders can apply it on 4H-Daily charts for larger trend confirmations.
Works well with volume indicators to validate breakout strength.

🔥 Pro Tips
Combine with RSI & MACD for extra confirmation.
Look for high volume on the breakout candle.
The best entries happen when price retests the flag breakout level.
💬 Support & Feedback
If you have suggestions or need modifications, feel free to reach out! 🚀📊
Happy Trading! 🎯📈