OPEN-SOURCE SCRIPT
Diupdate Smart S/R Breakout Signals PX
Smart S/R Breakout Signals
This a dynamic support/resistance breakout system that automatically plots evolving S/R lines from swing highs and swing lows, then signals a trade when price breaks through the opposite zone with confirmation.
How it works
The script tracks the lowest low (for Buy mode) or highest high (for Sell mode) and waits for a configurable number of consecutive closes (Num) above/below the prior bar's range before "fixing" that level as a support or resistance line.
Once a level is fixed, the script searches for the most significant opposing swing point and draws an S/R line from it.
When price closes through that opposing line, a new support/resistance cycle begins. After a chosen number of these S/R flips (Buyafter), the script arms itself to look for an entry.
An entry triggers on the breakout candle, plotting:
Entry label at the breakout level
Stop Loss — either the most recent S/R line or the last confirmed swing point (SL Mode)
Take Profit — calculated using your risk/reward multiple (rw)
Trade outcome is tracked live: TP/SL labels update with ✅ (hit), ❌ (missed), or 💔 (stopped out) so you can visually audit every signal on the chart.
A built-in fail-safe (Stop After X Fail) pauses new signals after a set number of consecutive losing trades, helping avoid chasing a choppy market.
This a dynamic support/resistance breakout system that automatically plots evolving S/R lines from swing highs and swing lows, then signals a trade when price breaks through the opposite zone with confirmation.
How it works
The script tracks the lowest low (for Buy mode) or highest high (for Sell mode) and waits for a configurable number of consecutive closes (Num) above/below the prior bar's range before "fixing" that level as a support or resistance line.
Once a level is fixed, the script searches for the most significant opposing swing point and draws an S/R line from it.
When price closes through that opposing line, a new support/resistance cycle begins. After a chosen number of these S/R flips (Buyafter), the script arms itself to look for an entry.
An entry triggers on the breakout candle, plotting:
Entry label at the breakout level
Stop Loss — either the most recent S/R line or the last confirmed swing point (SL Mode)
Take Profit — calculated using your risk/reward multiple (rw)
Trade outcome is tracked live: TP/SL labels update with ✅ (hit), ❌ (missed), or 💔 (stopped out) so you can visually audit every signal on the chart.
A built-in fail-safe (Stop After X Fail) pauses new signals after a set number of consecutive losing trades, helping avoid chasing a choppy market.
Catatan Rilis
Tp line extend until candle which touched itimproved name of inputs in panel
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
ChartTrader-X
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
ChartTrader-X
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.