OPEN-SOURCE SCRIPT
Aggiornato Range Breakout [BigBeluga]

Range Breakout [BigBeluga] is a dynamic channel-based indicator designed to identify breakout opportunities and price reactions within defined ranges. It automatically creates upper and lower bands with a midline, helping traders spot breakout zones, retests, and potential fakeouts.
🔵Key Features:
Dynamic Channel Formation:
Breakout Detection:
Retest Signals:
Filter Signals by Trends (New Feature):

Fakeout Identification:
🔵Usage:
Range Breakout [BigBeluga] is an essential tool for traders seeking to capitalize on range breakouts, retests, and fakeout scenarios. Its dynamic channels and clear visual signals provide a comprehensive view of market structure and potential trade setups.
🔵Key Features:
Dynamic Channel Formation:
- Automatically plots upper and lower channel bands with a midline based on ATR calculations.
- Channels adjust upon breakout events or after a predefined number of bars to reflect new price ranges.
Breakout Detection:
- Green circles appear when price breaks above the upper channel edge.
- Red circles appear when price breaks below the lower channel edge.
- A new channel is formed after each breakout, allowing traders to monitor evolving price ranges.
Retest Signals:
- Upward-pointing green triangles signal a retest of the lower band, indicating potential support.
- Downward-pointing red triangles indicate a retest of the upper band, suggesting possible resistance.
Filter Signals by Trends (New Feature):
- Optional toggle to filter ▲ and ▼ signals based on channel breakout conditions.
- When enabled:
- In a bullish channel (confirmed by a green circle breakout), only ▲ signals are displayed.
- In a bearish channel (confirmed by a red circle breakout), only ▼ signals are displayed.
- Helps traders align retest signals with the prevailing trend for higher-quality trade setups.
Fakeout Identification:
- 'X' symbols appear when price breaks the upper or lower edge of the channel and quickly returns back inside.
- Helps traders identify and avoid false breakouts.
🔵Usage:
- Breakout Trading: Use the green and red circle signals to identify potential breakout trades.
- Retest Confirmation: Look for triangle markers to confirm retests of key levels, aiding in entry or exit decisions.
- Fakeout Alerts: Utilize the 'X' signals to spot and avoid potential trap moves.
- Dynamic Range Monitoring: Stay aware of changing market conditions with automatically updating channels.
Range Breakout [BigBeluga] is an essential tool for traders seeking to capitalize on range breakouts, retests, and fakeout scenarios. Its dynamic channels and clear visual signals provide a comprehensive view of market structure and potential trade setups.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
🔵Gain access to our powerful tools : bigbeluga.com
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
🔵Join our free discord for updates : bigbeluga.com/discord
All scripts & content provided by BigBeluga are for informational & educational purposes only.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.