PROTECTED SOURCE SCRIPT
Actualizado Box- velocity target
Please consult with financial advisor for trade entry and exit , this is just indicator to show probability
This indicator automates price action analysis by identifying dynamic consolidation ranges and projecting "velocity targets" based on measured moves. Unlike static box indicators, this script utilizes an "Elastic Range" logic that adapts to market volatility and fakeouts before confirming a breakout.
How it Works:
Pivot Detection: The script identifies potential range highs and lows using a configurable pivot lookback.
Elastic Expansion: If price breaks out of the range but fails to hold (a fakeout) within a specific validation period, the box automatically expands to encompass the new high or low. This ensures the range captures the true liquidity area.
Velocity Targets: Once a valid breakout occurs, the indicator projects upside or downside targets based on the box height:
T1: 1x Box Height
T2: 2x Box Height
Key Features:
Smart OCO (One-Cancels-Other) Logic: If the upside targets are hit, the downside projection lines are automatically removed to keep your chart clean (and vice versa).
Size Filters: Built-in percentage filters (Min/Max Box Size) allow you to ignore tiny noise ranges or massive, untradeable ranges.
Auto-Hide: Options to automatically delete the box and lines once T1 or T2 is achieved.
Visual Customization: Toggle between specific user-defined colors or dynamic Bull/Bear coloring based on the breakout direction.
Settings:
Pivot Lookback: Sensitivity of the high/low detection.
Fakeout Validation: How many bars the price must stay outside the box to confirm a breakout.
Box Color Mode: Choose between a single color or Red/Green indicators.
Usage: Best used for breakout strategies and identifying measured move objectives on trending assets.
This indicator automates price action analysis by identifying dynamic consolidation ranges and projecting "velocity targets" based on measured moves. Unlike static box indicators, this script utilizes an "Elastic Range" logic that adapts to market volatility and fakeouts before confirming a breakout.
How it Works:
Pivot Detection: The script identifies potential range highs and lows using a configurable pivot lookback.
Elastic Expansion: If price breaks out of the range but fails to hold (a fakeout) within a specific validation period, the box automatically expands to encompass the new high or low. This ensures the range captures the true liquidity area.
Velocity Targets: Once a valid breakout occurs, the indicator projects upside or downside targets based on the box height:
T1: 1x Box Height
T2: 2x Box Height
Key Features:
Smart OCO (One-Cancels-Other) Logic: If the upside targets are hit, the downside projection lines are automatically removed to keep your chart clean (and vice versa).
Size Filters: Built-in percentage filters (Min/Max Box Size) allow you to ignore tiny noise ranges or massive, untradeable ranges.
Auto-Hide: Options to automatically delete the box and lines once T1 or T2 is achieved.
Visual Customization: Toggle between specific user-defined colors or dynamic Bull/Bear coloring based on the breakout direction.
Settings:
Pivot Lookback: Sensitivity of the high/low detection.
Fakeout Validation: How many bars the price must stay outside the box to confirm a breakout.
Box Color Mode: Choose between a single color or Red/Green indicators.
Usage: Best used for breakout strategies and identifying measured move objectives on trending assets.
Notas de prensa
Include backtest result table to see how the settings or logic change impact resultScript protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script protegido
Este script se publica como código cerrado. No obstante, puede utilizarlo libremente y sin ninguna limitación. Obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.