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.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
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.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
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.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.