Bullish Combo Scan by TLP

10 de jul.

📈 Bullish Combo Scan by TLP
This indicator scans for high-probability bullish breakout setups based on price action and volume strength, and optionally provides position sizing based on your risk management preferences.

🔍 Key Features:
$ Breakout Detection
Identifies stocks with a $0.90 or more price gain from the open, supported by strong volume and price structure.

% Breakout Detection
Flags stocks moving 4% or more from the previous close, also requiring momentum confirmation and volume above 100,000.

Momentum Filter
Breakouts are filtered to avoid extended moves by requiring low price movement between the previous two candles.

Volume & Price Conditions
Ensures breakouts are supported by liquidity (volume > 100,000) and minimum price (≥ $3) to reduce noise.

Position Size Calculator (Optional)
Displays position size based on your account value, risk percentage, and stop loss derived from a configurable previous candle’s low.

Screener-Ready Output
Includes a numeric plot to support TradingView's built-in screener, showing 1 for $ breakout and 2 for % breakout.

⚙️ Customizable Inputs:
Toggle $ breakout or % breakout conditions

Set your account size and risk per trade

Choose which candle’s low to use for stop loss calculation

✅ Best Used For:
Intraday or swing traders looking for fresh breakout setups

Traders who prefer a rules-based, volume-confirmed breakout scan

Screening large watchlists with custom logic for alerts and automation

10 de jul.

Notas de Lançamento

🧩 Updates :

- Logic is now explicit, separating the 3 possible breakout types (%, $, both).

You can now filter more precisely in the screener.

Output value encodes more context, not just “true/false”.

Screener Filter Meaning
== 1 $ breakout only
== 2 Both $ and % breakout
== 3 % breakout only
>= 2 Both or % breakout
<= 2 Both or $ breakout