OPEN-SOURCE SCRIPT
BTCUSD Dual Thrust (1H)
BTCUSD Dual Thrust (1H) — Indicator
Overview
The Dual Thrust is a classic breakout-type strategy designed to capture strong directional moves when markets show imbalance between buyers and sellers. This indicator adapts the method specifically for BTCUSD on the 1-Hour timeframe, showing dynamic Buy/Sell trigger levels and live signals.
Origin
The Dual Thrust system was originally introduced by Michael Vitucci and has been widely used in futures and high-volatility markets. It was designed as a day-trading breakout framework, where daily high/low and close data define the range for the next session’s trade triggers.
How it Works
Each new day, the indicator calculates a “breakout range” using daily price data.
Two trigger levels are projected from the daily open:
Buy Trigger: Open + Range × KUp
Sell Trigger: Open - Range × KDn
Range can be built from either:
Classic Dual Thrust formula: max(High - Close[1], Close[1] - Low) over a lookback period, or
ATR-based range: for volatility-adaptive signals.
A LONG signal fires when price crosses above the Buy Trigger.
An EXIT signal fires when price crosses below the Sell Trigger.
Buy/Sell lines step forward across each intraday bar until recalculated at the next daily open.
Practical Use
Optimized for BTCUSD 1-Hour charts (crypto’s volatility provides stronger follow-through).
Use the Buy/Sell levels as dynamic breakout lines or as confluence with your own setups.
Alerts are built in, so you can receive notifications when a LONG or EXIT condition triggers.
Designed as an indicator only (not a backtest strategy).
Key Features
✅ Daily Buy/Sell trigger lines auto-calculated and forward-filled
✅ LONG / EXIT labels on signals
✅ Optional ATR mode for volatility regimes
✅ Optional bar coloring for easy visual scanning
✅ Alerts ready for live monitoring
⚡️ Tip: While this indicator highlights breakout opportunities, effectiveness can improve when combined with trend filters (e.g., 200-SMA) or when aligned with higher timeframe supply/demand zones.
Overview
The Dual Thrust is a classic breakout-type strategy designed to capture strong directional moves when markets show imbalance between buyers and sellers. This indicator adapts the method specifically for BTCUSD on the 1-Hour timeframe, showing dynamic Buy/Sell trigger levels and live signals.
Origin
The Dual Thrust system was originally introduced by Michael Vitucci and has been widely used in futures and high-volatility markets. It was designed as a day-trading breakout framework, where daily high/low and close data define the range for the next session’s trade triggers.
How it Works
Each new day, the indicator calculates a “breakout range” using daily price data.
Two trigger levels are projected from the daily open:
Buy Trigger: Open + Range × KUp
Sell Trigger: Open - Range × KDn
Range can be built from either:
Classic Dual Thrust formula: max(High - Close[1], Close[1] - Low) over a lookback period, or
ATR-based range: for volatility-adaptive signals.
A LONG signal fires when price crosses above the Buy Trigger.
An EXIT signal fires when price crosses below the Sell Trigger.
Buy/Sell lines step forward across each intraday bar until recalculated at the next daily open.
Practical Use
Optimized for BTCUSD 1-Hour charts (crypto’s volatility provides stronger follow-through).
Use the Buy/Sell levels as dynamic breakout lines or as confluence with your own setups.
Alerts are built in, so you can receive notifications when a LONG or EXIT condition triggers.
Designed as an indicator only (not a backtest strategy).
Key Features
✅ Daily Buy/Sell trigger lines auto-calculated and forward-filled
✅ LONG / EXIT labels on signals
✅ Optional ATR mode for volatility regimes
✅ Optional bar coloring for easy visual scanning
✅ Alerts ready for live monitoring
⚡️ Tip: While this indicator highlights breakout opportunities, effectiveness can improve when combined with trend filters (e.g., 200-SMA) or when aligned with higher timeframe supply/demand zones.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.