Green Candle - Buy
AA1 Light Green Breakout Candle — Momentum-Based Buy Signal
Short Title:
AA1GreenCandle
Tags:
breakout, momentum, volatility, atr, volume, trend, signal, entry, candle-pattern
Short Description:
A momentum-based breakout candle indicator with volatility and volume confirmation.
Full Description:
The AA1 Light Green Breakout Candle indicator is designed to identify strong bullish breakout moments by combining volatility expansion, price structure, and volume confirmation.
It highlights situations where price transitions from consolidation into momentum-driven upward movement.
The indicator visually marks qualifying candles with a light green color and plots a small confirmation dot below the bar to clearly signal potential buy opportunities.
How It Works
The script analyzes price behavior using volatility-adjusted levels and recent market structure to detect breakout conditions.
A signal is generated when price decisively moves above a dynamic reference level while confirming momentum strength and participation.
Additional filters ensure signal quality by validating:
Directional price expansion
Relative volume increase
Active candle behavior
When all conditions align, the breakout candle is highlighted and marked on the chart.
Key Features
Momentum-based bullish breakout detection
Volatility-adjusted reference levels
Optional volume filter to enhance signal reliability
Clean visual cues: light green candle + dot below the bar
Built-in alert for real-time notifications
Compatible with all markets and timeframes
Non-repainting logic (signals confirm after candle close)
Use Cases
Identifying early breakout entries
Capturing momentum continuation moves
Filtering buy setups in trending markets
Supporting intraday and swing trading strategies
Confluence tool with trend or structure indicators
Notes
Signals represent potential breakout opportunities, not guaranteed outcomes.
Best used alongside risk management and trend confirmation tools.
Volume filter can be disabled for markets with unreliable volume data.
Disclaimer
This script is for educational and analytical purposes only and does not constitute financial advice.
Trading involves risk; always confirm signals before executing trades.
Developer
Developed by - Abdulrahman Alotaibi .
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact AbunawafAlotabi directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact AbunawafAlotabi directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.