Diamond Breakout PRO Smart Pattern Targets and Stops

Diamond Breakout PRO is an advanced TradingView indicator that detects true diamond patterns using a pivot-based, geometry-validated algorithm.

This is not a simple shape-drawing tool.
It is a complete breakout system that:

✔️ Detects real 5-pivot diamond structures
✔️ Confirms expansion → contraction behavior
✔️ Identifies bullish and bearish breakouts
✔️ Automatically calculates ST1 – ST2 – ST3 targets and logical stop levels
✔️ Uses a smart distance filter to prevent chart scale distortion

Key features:
True pivot high / pivot low based diamond detection

Built-in tolerance and contraction validation to avoid false patterns

Automatic breakout detection with directional arrows

Dynamic target & stop plotting that adapts to price scale

Works for both bullish and bearish diamond breakouts

📌 Designed for traders who focus on volatility compression and explosive moves
📌 Performs best on 1H, 4H, and Daily timeframes

Disclaimer: This indicator is not financial advice. Always apply proper risk management.