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Cup & Handle Visual Pattern Cup & Handle – Visual Breakout Strategy (with Buy/Sell Signals) Strategy Objective This strategy helps traders visually identify and trade bullish Cup & Handle patterns by: Drawing the Cup and Handle structure directly on the chart Highlighting key support and resistance zones Providing clear BUY and SELL signals Assisting decision-making without repainting 🔧 Concept Behind the Strategy The Cup & Handle is a bullish continuation pattern: The Cup shows long consolidation and accumulation The Handle shows short-term profit booking A breakout above resistance signals trend continuation This script approximates the pattern using price structure and volatility logic and draws it visually, instead of trying to mathematically force a perfect pattern. 🟠 Cup Formation Logic The script finds the highest high and lowest low over a fixed lookback period The depth of the cup must exceed a minimum percentage, ensuring a meaningful base Two horizontal lines are drawn: Top line → Cup resistance Bottom line → Cup base (support) 📌 This creates a visible U-shaped price zone ⬜ Handle Formation Logic After the cup forms, price must consolidate in a narrow range below resistance A box is drawn on the chart showing the handle area This represents short-term pullback before breakout 📌 The handle must: Stay above the cup low Stay below the cup resistance 🟢 BUY Signal Logic A BUY signal is generated when: Cup depth condition is valid Handle consolidation is confirmed Price breaks above cup resistance 📌 A green ▲ arrow appears below the breakout candle. 🔴 SELL Signal Logic A SELL signal is generated when: Price breaks below the handle support 📌 A red ▼ arrow appears above the breakdown candle. 🛑 Risk Management (Manual / Trader-Controlled) This strategy is visual-assisted, not auto-exit based: Stop Loss: Below handle low Target: Measure cup depth and project upward Or trail using Supertrend / Moving Average ⏱️ Best Usage Style Timeframe Swing Trading 1H / Daily Positional Daily / Weekly Best suited for: Strong trending stocks Breakout candidates Post-consolidation markets ⭐ Strengths of This Strategy ✔ Visual pattern drawing (easy to understand) ✔ Avoids over-complicated math ✔ Clear breakout levels ✔ Non-repainting logic ✔ Works as a decision-support tool ⚠️ Important Notes Cup & Handle cannot be perfectly automated This strategy assists, not replaces, trader judgment Works best when combined with: RSI above 50 Volume expansion Market trend confirmation.
Chỉ báo Pine Script®
của SARAVANANTamilShareMarket