OPEN-SOURCE SCRIPT

Momentum Swing

213
Description:
This indicator detects structural breakouts triggered by a single engulfing candle that decisively breaks out of a range formed by previous candles.

📦 Key Features:

Detects breakouts from a lateral range defined by N previous candles

Identifies only clean breakouts using a single engulfing candle (optional: body-only breakout)

Visually highlights the broken range with a rectangle

Displays directional arrows when a breakout occurs (long or short)

Fully customizable settings

🛠 Custom Inputs:

Number of candles used to define the range

Option to require the breakout to occur with the candle’s body only

Option to show or hide the breakout rectangle

📈 Perfect for traders looking to identify strong breakouts after consolidation phases.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.