Breakout an Reversal Signal Detector with Colored in Bar Trends

10 พ.ย.

The script detects breakouts and/or reversals: when candles close outside the recent period high or low, it prompts a signal, indicating a change in market trend.
You can customize the bar color to indicate trending phases.
It can be used effectively to identify both breakouts and reversals, making it a versatile tool for trend and reversal analysis.
Simple yet effective.
Enjoy!

10 พ.ย.

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Settings in english.