Pink Trend Candle

Title:
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 — Scripts