OPEN-SOURCE SCRIPT
FTBBT
📘 FTBBT (Filtered Two Bar Break Through)
Overview
FTBBT is a filtered breakout indicator based on the Two Bar Break Through concept.
It generates Buy and Sell signals when the current bar breaks above or below the previous bar’s high/low, but filters out duplicate signals in the same direction.
This ensures that only the **first breakout** in each sequence is shown, keeping the chart clean and focused.
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Key Features
1. Filtered Breakouts
• Only the first breakout is displayed.
• Prevents clutter when multiple candles break in the same direction.
2. Visuals
• Light pink labels (60% transparency).
• "Buy" appears below the bar when the high is broken.
• "Sell" appears above the bar when the low is broken.
3. Alerts
• Alerts are triggered only for filtered signals.
• Custom alert messages for both Buy and Sell events.
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How to Use
• Add FTBBT to your chart.
• Focus on the first breakout signal after a move begins.
• Combine with trend filters, volume, or higher timeframe context for stronger confirmation.
---
👉 In short:
**FTBBT delivers clean, filtered breakout signals.**
It highlights meaningful shifts by removing duplicate noise, showing traders only the key moments.
Overview
FTBBT is a filtered breakout indicator based on the Two Bar Break Through concept.
It generates Buy and Sell signals when the current bar breaks above or below the previous bar’s high/low, but filters out duplicate signals in the same direction.
This ensures that only the **first breakout** in each sequence is shown, keeping the chart clean and focused.
---
Key Features
1. Filtered Breakouts
• Only the first breakout is displayed.
• Prevents clutter when multiple candles break in the same direction.
2. Visuals
• Light pink labels (60% transparency).
• "Buy" appears below the bar when the high is broken.
• "Sell" appears above the bar when the low is broken.
3. Alerts
• Alerts are triggered only for filtered signals.
• Custom alert messages for both Buy and Sell events.
---
How to Use
• Add FTBBT to your chart.
• Focus on the first breakout signal after a move begins.
• Combine with trend filters, volume, or higher timeframe context for stronger confirmation.
---
👉 In short:
**FTBBT delivers clean, filtered breakout signals.**
It highlights meaningful shifts by removing duplicate noise, showing traders only the key moments.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.