OPEN-SOURCE SCRIPT

✅ Trend Predictor with Breakout and Volume Flow

735
Components & What Each One Does:

1. Rate of Change (ROC) – Momentum Direction
• Measures the % change in price over a recent period.
• Helps confirm whether price momentum is positive (bullish) or negative (bearish).

2. ADX (Average Directional Index) – Trend Strength
• Tells how strong the current trend is.
• You set the threshold to detect only when the trend is strong enough (default: 15, loosened for more signals).

3. Volume Filter (vs. MA) – Confirm Real Activity
• Confirms breakouts are supported by higher-than-usual volume.
• You use volume > 0.8 × volume average — a looser filter to show more setups.

4. Chaikin Money Flow (CMF) – Smart Money Buying or Selling
• Measures volume-weighted accumulation/distribution over time.
• Helps detect money inflow/outflow, supporting or rejecting trend changes.

5. RSI (Relative Strength Index) – Overbought/Oversold Risk
• Momentum indicator to spot potential reversals from extremes.
• You now have a solid green horizontal line at 30 (oversold), and a red one at 70 (overbought).

6. Bollinger Band vs. Keltner Channel (Squeeze Detection) – Volatility Contraction
• Detects when price volatility compresses, creating a “squeeze”.
• Squeeze zones are shown with a purple background (lightened for visibility).
• These zones often precede explosive moves.

7. Inside Bar Breakout – Price Action Setup
• Looks for candles with lower high and higher low (inside bar), then a breakout of that range.
• This acts as a price action trigger to validate entry.

免責聲明

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。