INVITE-ONLY SCRIPT
Fakeouts
What are Fakeouts?
As the name suggests, Fakeouts are breakouts that failed to continue beyond a level, resulting in a ‘false’ breakout. Traders who take long trades on breakout of the resistance level anticipate price to keep going up. A fake breakout (also known as 'Bull Trap') happens when price reverses and starts falling instead of continuing to go up. Similarly, traders who take short trades on the breakdown of the support level anticipate price to keep going down. A fake breakdown (also known as 'Bear Trap') happens when price reverses and starts rising instead of continuing to go down.
At present, the Fakeouts script is meant for identifying fake breakdowns. These are situations where price falls below the support line, but then reverses and starts rising. This will help users to go LONG on such fake breakdowns.
The script identifies breakdowns of the last 40 to 120 candles. The price must close above the high of the breakdown candle within 7 candles of the breakdown to be called a 'fake breakdown'. Users can also set alerts for such fake breakdowns on their chosen scrips. The script works on all timeframes.
The fake breakouts will be added soon to the script.
As the name suggests, Fakeouts are breakouts that failed to continue beyond a level, resulting in a ‘false’ breakout. Traders who take long trades on breakout of the resistance level anticipate price to keep going up. A fake breakout (also known as 'Bull Trap') happens when price reverses and starts falling instead of continuing to go up. Similarly, traders who take short trades on the breakdown of the support level anticipate price to keep going down. A fake breakdown (also known as 'Bear Trap') happens when price reverses and starts rising instead of continuing to go down.
At present, the Fakeouts script is meant for identifying fake breakdowns. These are situations where price falls below the support line, but then reverses and starts rising. This will help users to go LONG on such fake breakdowns.
The script identifies breakdowns of the last 40 to 120 candles. The price must close above the high of the breakdown candle within 7 candles of the breakdown to be called a 'fake breakdown'. Users can also set alerts for such fake breakdowns on their chosen scrips. The script works on all timeframes.
The fake breakouts will be added soon to the script.
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系Pro-Setups。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Pro-Setups is meant for Swing and Positional Trading. It is a combination of scripts on TradingView, and a screener Dashboard on web. Whatever you scan on Dashboard, you can see the same on your charts.
For details, please visit pro-setups.com
For details, please visit pro-setups.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系Pro-Setups。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
Pro-Setups is meant for Swing and Positional Trading. It is a combination of scripts on TradingView, and a screener Dashboard on web. Whatever you scan on Dashboard, you can see the same on your charts.
For details, please visit pro-setups.com
For details, please visit pro-setups.com
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。