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Fake Breakout Reversal High/Low PRO [JPT]

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🔹 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.
發行說明
Strong vs Weak Swing Detection

Added Swing Strength Detection to classify confirmed Swing Highs and Swing Lows as Strong, Normal, or Weak.
Introduced an ATR-based strength filter to identify significant market swings while filtering out minor price fluctuations.
Added wick rejection analysis to measure buying and selling pressure at each confirmed pivot.
Implemented candle body strength evaluation to improve swing quality assessment.
Each confirmed swing now receives a quality score based on multiple confirmation factors.
Added color-coded swing labels for quick visual identification of strong and weak market structure.
Built using confirmed pivots only, ensuring non-repainting swing classifications.
Provides a stronger foundation for upcoming Liquidity Sweep, Fake Breakout, BOS/CHoCH, and Smart Money Concept (SMC)
發行說明
Updated Extend Swing Levels to be OFF by default
Swing levels will no longer extend automatically across the chart when the indicator is added.
Users can still enable Extend Swing Levels manually from the indicator settings.
No changes were made to the core swing detection logic.

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