Block-Based Trend Breakout (YTK/DTK) – v1

18 jam yang lalu

📌 Overview

Block Trend Breakout (YTK/DTK) is a lightweight, rule-based indicator that detects potential trend reversals or volatility bursts by tracking breakouts of key structural support/resistance levels — derived from block-wise trend patterns.

The logic is simple yet effective: if a trend has been confirmed across multiple blocks (custom-length bar groups), and the price breaks its own structural boundary, a potential reversal or volatility signal is triggered.

🟥 YTK (Uptrend Breakdown) → Price breaks below the lowest low of the most recent block in an uptrend.

🟩 DTK (Downtrend Breakout) → Price breaks above the highest high of the most recent block in a downtrend.

🔍 How It Works

Block Construction: User-defined bar groups (e.g., 6 bars on a 4H chart = 24H blocks).

Trend Validation: At least N consecutive blocks must show higher highs/lows (uptrend) or lower highs/lows (downtrend).

Breakout Test: If the current bar violates the structural limit (MR block high/low), the corresponding signal is plotted.

📉 This logic identifies weakening trends or failed momentum, often preceding reversals or volatility expansions.

⚙️ Features

Adjustable block size and trend confirmation count

Option to use only closed bars (to reduce repaint risk)

Inclusive mode for “<= / >=” logic

Visual signals:

MR Block high/low levels

Trend-colored bars

Arrows for YTK (🔻) and DTK (🔺)

Built-in alerts for automated strategies

🎯 Use Cases

Spotting fakeouts and false breakouts

Identifying trend exhaustion before reversal

Confirming structural support/resistance breaks

Visual tool for discretionary traders

Signal generator for automated systems


💬 Feedback & Contributions

This script is open-source and community-driven. We actively welcome feedback, ideas, improvements, forks, and questions.

📩 Contact for collaboration or discussion:
📧 [e-mail]

18 jam yang lalu

Catatan Rilis

📌 Overview

📉 This logic identifies weakening trends or failed momentum, often preceding reversals or volatility expansions.

Block Trend Breakout (YTK/DTK) is a lightweight, rule-based indicator that detects potential trend reversals or volatility bursts by tracking breakouts of key structural support/resistance levels — derived from block-wise trend patterns.

The logic is simple yet effective: if a trend has been confirmed across multiple blocks (custom-length bar groups), and the price breaks its own structural boundary, a potential reversal or volatility signal is triggered.

🟥 UTB (Uptrend Breakdown) → Price breaks below the lowest low of the most recent block in an uptrend.

🟩 DTB (Downtrend Breakout) → Price breaks above the highest high of the most recent block in a downtrend.

🔍 How It Works

• Block Construction: User-defined bar groups (e.g., 6 bars on a 4H chart = 24H blocks).
  
• Trend Validation: At least N consecutive blocks must show higher highs/lows (uptrend) or lower highs/lows (downtrend).
  
• Breakout Test: If the current bar violates the structural limit (MR block high/low), the corresponding signal is plotted.
  

⚙️ Features

• Adjustable block size and trend confirmation count
  
• Option to use only closed bars (to reduce repaint risk)
  
• Inclusive mode for “<= / >=” logic
  

Visual signals:

• MR Block high/low levels
  
• Trend-colored bars
  
• Arrows for UTB (🔻) and DTB (🔺)
  
• Built-in alerts for automated strategies
  

🎯 Use Cases

• Spotting fakeouts and false breakouts
  
• Identifying trend exhaustion before reversal
  
• Confirming structural support/resistance breaks
  
• Visual tool for discretionary traders
  
• Signal generator for automated systems
  

💬 Feedback & Contributions

This script is open-source and community-driven. We actively welcome feedback, ideas, improvements, forks, and questions.

📩 Contact for collaboration or discussion:
📧 [e-mail]