Breakout Accumulation/Distribution — Indicator by Austimize

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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.

Release Notes:

Added MTF capability.

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.

Disclaimer

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