Fake-Out Indicator by DasanC

This indicator was built for a client. PM me for code access.
The signal comes from the "RailRoad" candlestick pattern breaking a support/resistance level, which typically indicates price will respect that level.

Release Notes:

Fixed a bug where a short signal would be produced instead of a long.
Increased consistency of threshold calculation.

Release Notes:

Removed password protection
Cleaned up code formatting
Added (some) comments

Need Indicators/Strategies for TradingView? -> t.me/pinescripters_jobs
General questions about Pinescript? -> t.me/pinescripters

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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.

Want to use this script on a chart?