OPEN-SOURCE SCRIPT
True vs False Breakout (Vol + Body Shape)

**Indicator Description: True vs. False Breakout Detector**
This indicator helps identify the quality of a breakout by analyzing price action and volume.
**★ Green Arrow: "True Breakout (Strong Candle)"**
This represents a high-confidence breakout signal.
* **Criteria:** Price Breakout + Volume Surge + Strong Candle Close (minimal to no upper wick).
* **Significance:** Indicates strong bullish momentum.
**● Grey Dot: "Weak Breakout"**
Appears when price breaks resistance but shows signs of weakness.
* **Criteria:** Breakout with low volume OR a long upper wick (rejection).
* **Meaning:** "Price made a new high, but the move is untrustworthy."
* **Action:** Do not chase the long position. Be cautious and look for potential reversals.
**▼ Red Label: "False Breakout (Reversal)"**
* **Signal:** Appears when a Weak Breakout (Grey Dot) is followed by bearish price action.
* **Action:** This indicates a confirmed False Breakout and presents a prime shorting opportunity.
-------------------------------------------------------------------------------------------
★指标描述:真假突破辨别。
★绿色箭头 "真突破 (强K线)":
这是你要的完美信号。
它意味着:价格破位 + 成交量放大 + K线收盘坚决(几乎没有上影线)。
对应刚才的行情: 刚才那根1H大阳线应该会触发这个信号。
灰色圆点 "弱势突破" (新增):
如果价格突破了阻力,但是没量,或者留了长上影线(像你之前描述的那几根15分钟线),指标会标记灰色圆点。
含义: “虽然价格破了新高,但我不信任它”。这时候千万不要追多,反而要准备做空。
红色标签 "假突破 (反转)":
当灰色圆点(弱势突破)出现后,紧接着出现红色标签,就是绝佳的做空点。
This indicator helps identify the quality of a breakout by analyzing price action and volume.
**★ Green Arrow: "True Breakout (Strong Candle)"**
This represents a high-confidence breakout signal.
* **Criteria:** Price Breakout + Volume Surge + Strong Candle Close (minimal to no upper wick).
* **Significance:** Indicates strong bullish momentum.
**● Grey Dot: "Weak Breakout"**
Appears when price breaks resistance but shows signs of weakness.
* **Criteria:** Breakout with low volume OR a long upper wick (rejection).
* **Meaning:** "Price made a new high, but the move is untrustworthy."
* **Action:** Do not chase the long position. Be cautious and look for potential reversals.
**▼ Red Label: "False Breakout (Reversal)"**
* **Signal:** Appears when a Weak Breakout (Grey Dot) is followed by bearish price action.
* **Action:** This indicates a confirmed False Breakout and presents a prime shorting opportunity.
-------------------------------------------------------------------------------------------
★指标描述:真假突破辨别。
★绿色箭头 "真突破 (强K线)":
这是你要的完美信号。
它意味着:价格破位 + 成交量放大 + K线收盘坚决(几乎没有上影线)。
对应刚才的行情: 刚才那根1H大阳线应该会触发这个信号。
灰色圆点 "弱势突破" (新增):
如果价格突破了阻力,但是没量,或者留了长上影线(像你之前描述的那几根15分钟线),指标会标记灰色圆点。
含义: “虽然价格破了新高,但我不信任它”。这时候千万不要追多,反而要准备做空。
红色标签 "假突破 (反转)":
当灰色圆点(弱势突破)出现后,紧接着出现红色标签,就是绝佳的做空点。
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.