OPEN-SOURCE SCRIPT
Cập nhật BarrettFVG Trendline
**BarrettFVG Trendline**
BarrettFVG Trendline plots dynamic, self-adjusting liquidity trendlines from swing pivots and flags the moment price breaks structure — giving a clean visual read on trend continuation vs. exhaustion, with built-in alerts for both directions.
**How it works**
- Detects pivot highs/lows over a configurable lookback period and connects consecutive pivots into a sloped trendline (upper resistance line from lower pivots, lower support line from higher pivots).
- Lines auto-extend and re-slope each bar until price closes through them, at which point the line is invalidated and a new one begins forming from the next valid pivot sequence.
- A padded "buffer zone" (ATR-based) is plotted alongside each line and filled, giving a visual cushion rather than a single hard price level.
- When price closes through an active line, the indicator marks a breakout signal (triangle up/down) and fires an alert.
**How to use it**
- Use the trendline breaks as a read on structural shifts — a break of a rising support line can signal loss of upward momentum; a break of a falling resistance line can signal a shift toward buyers regaining control.
- Works on any timeframe and instrument; built and tested primarily on MNQ futures.
- Combine with your own bias/context tools (HTF trend, session levels, order flow) rather than trading breaks in isolation — this indicator identifies structure breaks, it does not predict direction on its own.
**Alerts**
Three alert conditions are built in — right-click the indicator → Add Alert:
- *Breaking Up* — fires when the resistance trendline is broken to the upside
- *Breaking Down* — fires when the support trendline is broken to the downside
- *Any Breakout* — fires on either signal
**Settings**
- Period — pivot lookback length
- Padding — width of the buffer zone around each trendline
- Line colors (up/down)
- Toggle for breakout markers
**Credit**
This script is built on the open-source trendline/breakout logic originally published by **StratifyTrade** ("Liquidity Trendline With Signals"), used and adapted under the terms of its **CC BY-NC-SA 4.0** license. Alert functionality and rebranding added by BarrettFVG.
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## Disclaimer
*This script is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Trading futures and other financial instruments involves substantial risk of loss and is not suitable for all investors. Past performance, backtested results, or historical signals are not indicative of future results. Always conduct your own due diligence and consult a licensed financial professional before making trading decisions. The creator assumes no liability for any losses incurred from use of this script.*
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BarrettFVG Trendline plots dynamic, self-adjusting liquidity trendlines from swing pivots and flags the moment price breaks structure — giving a clean visual read on trend continuation vs. exhaustion, with built-in alerts for both directions.
**How it works**
- Detects pivot highs/lows over a configurable lookback period and connects consecutive pivots into a sloped trendline (upper resistance line from lower pivots, lower support line from higher pivots).
- Lines auto-extend and re-slope each bar until price closes through them, at which point the line is invalidated and a new one begins forming from the next valid pivot sequence.
- A padded "buffer zone" (ATR-based) is plotted alongside each line and filled, giving a visual cushion rather than a single hard price level.
- When price closes through an active line, the indicator marks a breakout signal (triangle up/down) and fires an alert.
**How to use it**
- Use the trendline breaks as a read on structural shifts — a break of a rising support line can signal loss of upward momentum; a break of a falling resistance line can signal a shift toward buyers regaining control.
- Works on any timeframe and instrument; built and tested primarily on MNQ futures.
- Combine with your own bias/context tools (HTF trend, session levels, order flow) rather than trading breaks in isolation — this indicator identifies structure breaks, it does not predict direction on its own.
**Alerts**
Three alert conditions are built in — right-click the indicator → Add Alert:
- *Breaking Up* — fires when the resistance trendline is broken to the upside
- *Breaking Down* — fires when the support trendline is broken to the downside
- *Any Breakout* — fires on either signal
**Settings**
- Period — pivot lookback length
- Padding — width of the buffer zone around each trendline
- Line colors (up/down)
- Toggle for breakout markers
**Credit**
This script is built on the open-source trendline/breakout logic originally published by **StratifyTrade** ("Liquidity Trendline With Signals"), used and adapted under the terms of its **CC BY-NC-SA 4.0** license. Alert functionality and rebranding added by BarrettFVG.
---
## Disclaimer
*This script is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Trading futures and other financial instruments involves substantial risk of loss and is not suitable for all investors. Past performance, backtested results, or historical signals are not indicative of future results. Always conduct your own due diligence and consult a licensed financial professional before making trading decisions. The creator assumes no liability for any losses incurred from use of this script.*
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Phát hành các Ghi chú
added BOS confirmation and time gates for the alerts. also added dynamic alertsPhát hành các Ghi chú
added additional filters with tool tips and a long/short term trend bias with market structure labels that are a toggle.Phát hành các Ghi chú
added a trendline count to the alert to show how many times price tapped the trendline prior to breaking. also changed the verbiage of the alert
Phát hành các Ghi chú
Minor bug fixesMã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.