OPEN-SOURCE SCRIPT

BTC Breakout Alert

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📈 BTC Breakout & Fakeout Detector with Volume, RSI & MACD Filters
This script helps identify high-confidence breakout setups by combining price action, volume spikes, and optional momentum filters (RSI & MACD). It’s designed to alert you when Bitcoin (or any asset) breaks above a defined resistance level with strong conviction — and warns you if that move turns out to be a fakeout.

🔍 Features:
✅ Confirmed Breakout Alerts: Triggers when price closes above your set resistance level with volume ≥ 1.5× the 20-period average.

⚠️ Fakeout Detection: Highlights when price closes back below resistance within a few candles after breakout.

📊 Momentum Filters:

RSI > 50 for bullish confirmation

MACD line > signal line to support breakout momentum

🔔 Custom Alerts: Built-in alert conditions for both breakout and fakeout events.

🔼🔽 Visual Markers: Arrows plotted directly on the chart for clear entry and caution zones.

🕒 Works on all timeframes and any asset that includes volume data.

Ideal for breakout traders who want more than just a price spike — this tool ensures volume and momentum alignment, helping you reduce false signals and react with more confidence.

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