OPEN-SOURCE SCRIPT
Updated Abo Rkan Final
Key Features:
• Donchian Channel Breakout Detection
• EMA Trend Filters
• Ichimoku Cloud Confirmation
• Supertrend Validation
• ADX Trend Strength Filter
• Volume Confirmation Filter
• ATR-Based Risk Management
• Optional Chandelier Stop Loss
• Donchian Channel Breakout Detection
• EMA Trend Filters
• Ichimoku Cloud Confirmation
• Supertrend Validation
• ADX Trend Strength Filter
• Volume Confirmation Filter
• ATR-Based Risk Management
• Optional Chandelier Stop Loss
Release Notes
EMA (20 / 50 / 100 / 200) for trend directionIchimoku Cloud for trend confirmation and support/resistance
Donchian Channel for breakout detection
ATR (Average True Range) for volatility measurement and noise filtering
ADX for trend strength filtering
Supertrend for trend direction confirmation
Volume Filter to confirm breakout strength
👉 Combined to generate high-probability BUY/SELL signals while avoiding sideways markets and false breakouts.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.