OPEN-SOURCE SCRIPT
FIBONACCI BREAKOUT PRO
🚀 FIBO-KAMA BREAKOUT PRO (V5)
📋 Description
FIBO-KAMA BREAKOUT PRO is a high-precision technical analysis tool designed to identify price squeeze patterns (Wedge/Kama Formations) and validate breakouts using a combination of Fibonacci Golden Ratio (0.618), MA 7 Momentum, and Relative Volume Spikes.
While many indicators signal every minor breakout, this script filters out market noise (fake-outs) by ensuring that a move is mathematically significant and backed by institutional volume. It is specifically optimized for BTC/USDT and XAU/USD (Gold) on 15m and 1h timeframes.
🛠 Key Technical Features
Dynamic Wedge (Kama) Tracking: Automatically calculates linear regression channels to identify narrowing price ranges where a breakout is imminent.
Fibonacci Golden Ratio Integration: Every signal is cross-referenced with the 0.618 (Golden Pocket). A "BUY" signal only triggers if the price successfully clears this critical mathematical resistance.
Volume-Weighted Confirmation: The script monitors average volume over a 20-period lookback. Signals are only generated if the breakout volume is at least 20% higher than the average.
MA 7 Sniper Filter: Uses the 7-period Moving Average as a final momentum gate, ensuring the short-term trend is in your favor before an entry label appears.
💡 Trading Strategy Guide
Entry (The Signal): When "FIB BUY" or "FIB SELL" appears, wait for the candle to close. This confirms the breakout is sustained.
The 0.618 Rule: If the price breaks the upper Wedge line but remains below the 0.618 Fibonacci level, the signal is suppressed to prevent "bull traps."
Exit & Take Profit (TP):
Use the auto-generated Fibonacci lines (0.382 or 0.236) as primary profit targets.
A close back inside the Wedge or below the MA 7 serves as a trailing stop indicator.
Risk Management: Place your Stop-Loss slightly below the most recent swing low for Longs, or above the swing high for Shorts.
⚠️ Disclaimer
Trading financial instruments involves high risk. This indicator is for educational purposes and should be backtested against your personal trading plan before live deployment.
📋 Description
FIBO-KAMA BREAKOUT PRO is a high-precision technical analysis tool designed to identify price squeeze patterns (Wedge/Kama Formations) and validate breakouts using a combination of Fibonacci Golden Ratio (0.618), MA 7 Momentum, and Relative Volume Spikes.
While many indicators signal every minor breakout, this script filters out market noise (fake-outs) by ensuring that a move is mathematically significant and backed by institutional volume. It is specifically optimized for BTC/USDT and XAU/USD (Gold) on 15m and 1h timeframes.
🛠 Key Technical Features
Dynamic Wedge (Kama) Tracking: Automatically calculates linear regression channels to identify narrowing price ranges where a breakout is imminent.
Fibonacci Golden Ratio Integration: Every signal is cross-referenced with the 0.618 (Golden Pocket). A "BUY" signal only triggers if the price successfully clears this critical mathematical resistance.
Volume-Weighted Confirmation: The script monitors average volume over a 20-period lookback. Signals are only generated if the breakout volume is at least 20% higher than the average.
MA 7 Sniper Filter: Uses the 7-period Moving Average as a final momentum gate, ensuring the short-term trend is in your favor before an entry label appears.
💡 Trading Strategy Guide
Entry (The Signal): When "FIB BUY" or "FIB SELL" appears, wait for the candle to close. This confirms the breakout is sustained.
The 0.618 Rule: If the price breaks the upper Wedge line but remains below the 0.618 Fibonacci level, the signal is suppressed to prevent "bull traps."
Exit & Take Profit (TP):
Use the auto-generated Fibonacci lines (0.382 or 0.236) as primary profit targets.
A close back inside the Wedge or below the MA 7 serves as a trailing stop indicator.
Risk Management: Place your Stop-Loss slightly below the most recent swing low for Longs, or above the swing high for Shorts.
⚠️ Disclaimer
Trading financial instruments involves high risk. This indicator is for educational purposes and should be backtested against your personal trading plan before live deployment.
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.