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已更新 Wedge Breakout

The Wedge Breakout indicator is designed to identify and signal potential breakouts from a wedge pattern, a common technical analysis formation. A wedge pattern typically forms when the price moves within converging trendlines, indicating a potential upcoming breakout either upwards (bullish) or downwards (bearish).
Identifying Pivot Points:
Drawing Trendlines:
Calculating the Breakout Conditions:
Determining Breakout Direction:
Visual Representation:
Used library:

Identifying Pivot Points:
- The indicator first calculates pivot points, which are significant highs and lows that define the wedge's upper and lower boundaries.
- Pivot Lows: It identifies the lowest price points over a specified length (input_len), which serves as the lower boundary of the wedge.
- Pivot Highs: Similarly, it identifies the highest price points over the same length, forming the upper boundary of the wedge.
Drawing Trendlines:
- The pivot points are connected to form dashed trendlines that represent the upper and lower boundaries of the wedge.
- The indicator uses the SimpleTrendlines library to manage and draw these trendlines dynamically:
- Green Trendline: Indicates an upward slope (bullish).
- Red Trendline: Indicates a downward slope (bearish).
Calculating the Breakout Conditions:
- A breakout is confirmed when the price action fulfills two conditions:
- The candle's high exceeds the upper trendline's highest point.
- The candle's low drops below the lower trendline's lowest point.
- This condition suggests that the price is squeezing within the wedge pattern and is about to break out.
Determining Breakout Direction:
- The direction of the breakout is determined by the candle's closing position relative to its opening:
- Bullish Breakout (Upward): When the candle closes above its opening price (close > open) after breaching both trendlines, it suggests a bullish breakout. This condition is marked with a green upward triangle .
- Bearish Breakout (Downward): When the candle closes below its opening price (close < open) after breaching both trendlines, it suggests a bearish breakout. This condition is marked with a red downward triangle.
Visual Representation:
- Green Triangle Up: Plotted below the bar to indicate a potential bullish breakout.
- Red Triangle Down: Plotted above the bar to indicate a potential bearish breakout.
Used library:

發行說明
fixed intersection rule發行說明
fixed calculation by past intersections開源腳本
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。