A Fakey pattern can have a as the false-break bar or not. Fakey’s are a very important and potent price action trading strategy because they can help us identify stop-hunting and provide us with a very good clue as to what price might do next.
//author: Khramov Vladislav study("Fakey [KV]", overlay=true) fakey = high <= high and low >= low and high > high and close >= low and close < high ? red : na fakey1 = high <= high and low >= low and low < low and close > low and close <= high ? lime : na bgcolor(fakey, transp=70) bgcolor(fakey1, transp=70)