FBTBBT (Filtered Black Two Bar Break Through)

25 Ağu

📘 FBTBBT (Filtered Black Two Bar Break Through)

Overview
FBTBBT is a filtered breakout indicator based on the classical Two Bar Break Through (TBBT) concept.
It generates Buy and Sell signals when price breaks above or below the previous bar’s high/low, but only displays the **first signal in a run** to avoid noise and duplicates.

- Buy Signal → Break above previous high
- Sell Signal → Break below previous low
- Filtered → Only the first signal in a consecutive streak is shown

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Key Features
1. Filtered Signals
• Avoids repeated identical signals.
• Example: 3 consecutive bars breaking the previous low → only the first bar shows a Sell signal.

2. Confirmation Options
• Real-Time Mode: signals appear intrabar as soon as the breakout happens.
• Close Confirmation: signals appear only after bar close beyond previous high/low (reduces repainting).

3. Visual Aids
• Green “Buy” labels below breakout bars.
• Red “Sell” labels above breakout bars.
• Optional lines for previous bar’s high/low levels.

4. Alerts
• Alerts trigger only on the first filtered signal in each run.
• Messages specify breakout above (Buy) or below (Sell).

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How to Use
• Add FBTBBT to your TradingView chart.
• Choose Real-Time or Close-Confirmed signals depending on your style.
• Focus on the **first breakout signal**; ignore duplicates until the opposite side appears.
• Combine with trend filters, volume, or higher timeframe context for stronger accuracy.

---

👉 In short:
**FBTBBT = Clean, filtered breakout signals with no noise.**
Perfect for traders who want **precise first-bar breakouts** while avoiding repeated alerts.

25 Ağu

Sürüm Notları

📘 FBTBBT (Filtered Black Two Bar Break Through)

Overview
FBTBBT is a filtered breakout indicator based on the classical Two Bar Break Through (TBBT) concept.
It generates Buy and Sell signals when price breaks above or below the previous bar’s high/low, but only displays the **first signal in a run** to avoid noise and duplicates.

- Buy Signal → Break above previous high
- Sell Signal → Break below previous low
- Filtered → Only the first signal in a consecutive streak is shown

---

Key Features
1. Filtered Signals
• Avoids repeated identical signals.
• Example: 3 consecutive bars breaking the previous low → only the first bar shows a Sell signal.

2. Confirmation Options
• Real-Time Mode: signals appear intrabar as soon as the breakout happens.
• Close Confirmation: signals appear only after bar close beyond previous high/low (reduces repainting).

3. Visual Aids
• Green “Buy” labels below breakout bars.
• Red “Sell” labels above breakout bars.
• Optional lines for previous bar’s high/low levels.

4. Alerts
• Alerts trigger only on the first filtered signal in each run.
• Messages specify breakout above (Buy) or below (Sell).

---

How to Use
• Add FBTBBT to your TradingView chart.
• Choose Real-Time or Close-Confirmed signals depending on your style.
• Focus on the **first breakout signal**; ignore duplicates until the opposite side appears.
• Combine with trend filters, volume, or higher timeframe context for stronger accuracy.

---

👉 In short:
**FBTBBT = Clean, filtered breakout signals with no noise.**
Perfect for traders who want **precise first-bar breakouts** while avoiding repeated alerts.