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.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans des publications est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.