Blue Pattern Candle

Title:
Blue Pattern Candle — Smart Bullish Breakout Detector

Short Title:
Blue Pattern Candle

Tags:
trend, pattern, breakout, candle-pattern, momentum, volume, signal, entry, swing-trading

Short Description:
A smart bullish breakout candle pattern detector with trend and volume confirmation.

Full Description:
The Blue Pattern Candle indicator identifies a high-probability bullish breakout pattern by combining structural candle behavior, trend alignment, and optional volume confirmation. It highlights moments where price strength and market structure converge, offering traders a clean and reliable visual cue for potential upward continuation.

How It Works

The script analyzes price action to detect a recurring bullish structure where:

A defined swing-based candle formation emerges.

Price closes above the key reference level of the pattern.

EMA(20) and SMA(40) confirm directional momentum.

Optional volume conditions validate the strength of the move.

When all requirements are met, the bar is highlighted and a BUY label is plotted beneath the candle.

Key Features

Automatic detection of a bullish breakout candle pattern

EMA/SMA trend confirmation

Optional volume filter for improved signal quality

Clear visual signals, including blue candle highlight and BUY labels

Built-in alert (“Pattern Breakout”)

Compatible with all markets and timeframes

Use Cases

Identifying early bullish continuation setups

Detecting breakout opportunities

Filtering long entries in trending markets

Enhancing existing trading systems with pattern confirmation

Suitable for intraday, swing, and position traders

Notes

Signals confirm only after candle close.

Volume filtering is optional for markets with low or unreliable volume.

Indicator does not repaint.

Disclaimer

This script is for educational and analytical purposes only and does not constitute financial advice. Trading involves risk; always validate signals before using them in live markets.

Developer

Developed by Abdulrahman Alotaibi — ATA Scripts