OPEN-SOURCE SCRIPT
Fake Breakout Reversal High/Low PRO [JPT]
🔹 OVERVIEW
Fake Breakout Reversal High/Low PRO [JPT] is an educational technical analysis indicator designed to identify potential fake breakout areas around confirmed swing highs and swing lows.
The script highlights price movements that briefly trade beyond a recent swing level before returning back within the prior range. It also plots dynamic swing levels and provides a visual framework for studying potential reversal scenarios.
This indicator is intended to help traders observe price structure and market behavior. It does not predict future price movement or guarantee trading outcomes.
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🔹 FEATURES
• Automatic Swing High & Swing Low detection
• Fake breakout identification
• Dynamic High & Low reference levels
• Breakout range visualization
• Bullish and bearish reversal zones
• Clean chart layout
• Configurable swing sensitivity
• Alert conditions for detected events
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🔹 HOW IT WORKS
• Detects confirmed swing highs and swing lows.
• Monitors whether price temporarily breaks beyond a swing level.
• Highlights potential fake breakout areas when price returns back within the previous structure.
• Updates reference levels as new confirmed swings form.
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🔹 INPUTS
• Swing Length
• Confirmation Settings
• Display Options
• Color Customization
• Alert Controls
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🔹 NOTES
• Designed for educational and technical analysis purposes.
• Uses confirmed price action and does not rely on future bars.
• Signals should be evaluated together with overall market structure and personal risk management.
• No technical indicator can guarantee future market performance.
Fake Breakout Reversal High/Low PRO [JPT] is an educational technical analysis indicator designed to identify potential fake breakout areas around confirmed swing highs and swing lows.
The script highlights price movements that briefly trade beyond a recent swing level before returning back within the prior range. It also plots dynamic swing levels and provides a visual framework for studying potential reversal scenarios.
This indicator is intended to help traders observe price structure and market behavior. It does not predict future price movement or guarantee trading outcomes.
━━━━━━━━━━━━━━━━━━
🔹 FEATURES
• Automatic Swing High & Swing Low detection
• Fake breakout identification
• Dynamic High & Low reference levels
• Breakout range visualization
• Bullish and bearish reversal zones
• Clean chart layout
• Configurable swing sensitivity
• Alert conditions for detected events
━━━━━━━━━━━━━━━━━━
🔹 HOW IT WORKS
• Detects confirmed swing highs and swing lows.
• Monitors whether price temporarily breaks beyond a swing level.
• Highlights potential fake breakout areas when price returns back within the previous structure.
• Updates reference levels as new confirmed swings form.
━━━━━━━━━━━━━━━━━━
🔹 INPUTS
• Swing Length
• Confirmation Settings
• Display Options
• Color Customization
• Alert Controls
━━━━━━━━━━━━━━━━━━
🔹 NOTES
• Designed for educational and technical analysis purposes.
• Uses confirmed price action and does not rely on future bars.
• Signals should be evaluated together with overall market structure and personal risk management.
• No technical indicator can guarantee future market performance.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
t.me/EdwardJosFXAnalyst
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
t.me/EdwardJosFXAnalyst
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.