OPEN-SOURCE SCRIPT

Ravio

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This indicator identifies false breakouts and confirmed breakouts on any timeframe. It automatically analyzes price action around key levels (such as recent highs and lows) to detect when the price temporarily breaks above or below a level but then quickly returns — signaling a false breakout.
When a breakout is confirmed (price holds beyond the level with strong volume or momentum), the indicator highlights it with a different color.

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