VCP-Minervini

This script is built on Mark Minervini’s famous Volatility Contraction Pattern (VCP) and shows you automatic breakout signals directly on the chart.

VCP Detection: The script checks if volatility (ATR) is contracting. A yellow dot marks potential VCP setups.

Pivot Level: A resistance (pivot high) is calculated and displayed as a red line.

Breakout Signal: When price breaks above the pivot and stays over the EMA filter, a green dot confirms the breakout.

Exit Logic: If volume and range drop below average, the breakout is considered ended.

EMA Filter: Ensures setups only appear when price is above the moving average.

With this, you get a clear visualization: yellow shows setups, red the key resistance, and green confirms the breakout.