Austimize

Breakout Accumulation/Distribution

Basic modification of my SFP Momentum Indicator showing accumulation/distribution patterns based on breakouts above previous anchor points.

Candles are colored based on whether accumulation or distribution was last.

Best if used at HTF then confirmed at LTF.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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