OPEN-SOURCE SCRIPT
Momentum-Contraction Breakout (MCB) — Indicator
The Momentum-Contraction Breakout (MCB) indicator is designed by joan alcantara to identify high–probability bullish continuation setups based on the sequence Impulse → Contraction → Breakout.
This indicator detects stocks that:
Show early uptrend structure
The short-term EMA is above the mid-term EMA, which is above the long-term EMA, confirming momentum and trend alignment.
Enter a volatility contraction phase
Price forms a controlled pullback of 1–5 candles with decreasing true range and a tight price range, signaling reduced supply and absorption.
Break out with conviction
The breakout is validated when price closes above recent range highs, moves at least a defined % upward, and volume expands above its 20-period average.
When all conditions align, the indicator marks the breakout candle and allows alerts to be triggered.
What this indicator is useful for:
Finding momentum continuation setups early in trend development
Scanning watchlists for high-quality entries
Creating actionable trade alerts for swing and position trading
Supporting systematic setups based on volatility contraction theory
Best used on daily timeframes, but can be adapted to intraday charts when liquidity is sufficient.
This indicator detects stocks that:
Show early uptrend structure
The short-term EMA is above the mid-term EMA, which is above the long-term EMA, confirming momentum and trend alignment.
Enter a volatility contraction phase
Price forms a controlled pullback of 1–5 candles with decreasing true range and a tight price range, signaling reduced supply and absorption.
Break out with conviction
The breakout is validated when price closes above recent range highs, moves at least a defined % upward, and volume expands above its 20-period average.
When all conditions align, the indicator marks the breakout candle and allows alerts to be triggered.
What this indicator is useful for:
Finding momentum continuation setups early in trend development
Scanning watchlists for high-quality entries
Creating actionable trade alerts for swing and position trading
Supporting systematic setups based on volatility contraction theory
Best used on daily timeframes, but can be adapted to intraday charts when liquidity is sufficient.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.