PROTECTED SOURCE SCRIPT
Auto Technical Analysis + Labels + Candle Patterns
Auto Technical Analysis + Labels + Candle Patterns
A complete real-time technical analysis assistant that automatically detects trend, support/resistance, breakouts, volume spikes, and candlestick patterns — all visualized directly on your chart with clean labels.
This indicator is designed as an “automatic chart reader”, removing the need to manually draw levels or analyze common price-action signals. It is lightweight, fast, and highly useful for scalpers, day traders, and swing traders.
Features
1. Trend Detection (EMA-Based)
The script uses a fast EMA (5) and slow EMA (13) to determine trend direction.
It plots:
Fast MA (5)
Slow MA (13)
A dynamic label showing:
📈 Uptrend
📉 Downtrend
Trend labels automatically update on each bar.
2. Automatic Support & Resistance (Pivot-Based)
The indicator dynamically identifies swing highs and swing lows using pivot logic.
For each pivot:
Draws dashed S/R lines
Adds color-coded labels:
🟥 Resistance
🟩 Support
Up to 5 levels per side are auto-managed to avoid clutter. Oldest levels are deleted automatically.
3. Breakout & Breakdown Detection
When price crosses the nearest active support/resistance level:
Break↑ labels for bullish breakout
Break↓ labels for bearish breakdown
A second set of “recent” labels (“🟢 Breakout ↑” / “🔴 Breakdown ↓”) is also displayed, managed by a queue so only the most relevant signals remain visible.
4. Volume Spike Detection
The script identifies unusual volume activity using:
volume > SMA(volume, 20) × 2
If a spike occurs:
A yellow dot is plotted below the bar
A “🟡 Volume Spike” label appears
This helps confirm breakouts and reversals.
5. Candlestick Pattern Detection
The script automatically detects key reversal candles:
🟢 Bullish Engulfing
🔴 Bearish Engulfing
🔨 Hammer
💥 Shooting Star
To avoid repeated signals, patterns near the same price level are filtered using a tolerance threshold.
6. Alerts Included
You can set alerts for:
Bullish Breakout
Bearish Breakdown
Volume Spike
Ideal for real-time monitoring across multiple tickers.
What This Indicator Helps You See Instantly
Market trend direction
Key S/R levels
Breakout/breakdown opportunities
Volume confirmation
Major candle pattern reversals
Clean visual labels with automated clutter control
Great for:
Scalping
Intraday trading
Swing analysis
Reversal spotting
Breakout momentum trading
Recommended Settings
Timeframes: 1-minute to Daily
Assets: Stocks, Crypto, Forex, Indices
Ideal for traders who want fast, automated chart interpretation.
A complete real-time technical analysis assistant that automatically detects trend, support/resistance, breakouts, volume spikes, and candlestick patterns — all visualized directly on your chart with clean labels.
This indicator is designed as an “automatic chart reader”, removing the need to manually draw levels or analyze common price-action signals. It is lightweight, fast, and highly useful for scalpers, day traders, and swing traders.
Features
1. Trend Detection (EMA-Based)
The script uses a fast EMA (5) and slow EMA (13) to determine trend direction.
It plots:
Fast MA (5)
Slow MA (13)
A dynamic label showing:
📈 Uptrend
📉 Downtrend
Trend labels automatically update on each bar.
2. Automatic Support & Resistance (Pivot-Based)
The indicator dynamically identifies swing highs and swing lows using pivot logic.
For each pivot:
Draws dashed S/R lines
Adds color-coded labels:
🟥 Resistance
🟩 Support
Up to 5 levels per side are auto-managed to avoid clutter. Oldest levels are deleted automatically.
3. Breakout & Breakdown Detection
When price crosses the nearest active support/resistance level:
Break↑ labels for bullish breakout
Break↓ labels for bearish breakdown
A second set of “recent” labels (“🟢 Breakout ↑” / “🔴 Breakdown ↓”) is also displayed, managed by a queue so only the most relevant signals remain visible.
4. Volume Spike Detection
The script identifies unusual volume activity using:
volume > SMA(volume, 20) × 2
If a spike occurs:
A yellow dot is plotted below the bar
A “🟡 Volume Spike” label appears
This helps confirm breakouts and reversals.
5. Candlestick Pattern Detection
The script automatically detects key reversal candles:
🟢 Bullish Engulfing
🔴 Bearish Engulfing
🔨 Hammer
💥 Shooting Star
To avoid repeated signals, patterns near the same price level are filtered using a tolerance threshold.
6. Alerts Included
You can set alerts for:
Bullish Breakout
Bearish Breakdown
Volume Spike
Ideal for real-time monitoring across multiple tickers.
What This Indicator Helps You See Instantly
Market trend direction
Key S/R levels
Breakout/breakdown opportunities
Volume confirmation
Major candle pattern reversals
Clean visual labels with automated clutter control
Great for:
Scalping
Intraday trading
Swing analysis
Reversal spotting
Breakout momentum trading
Recommended Settings
Timeframes: 1-minute to Daily
Assets: Stocks, Crypto, Forex, Indices
Ideal for traders who want fast, automated chart interpretation.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.