Calculates multi-timeframe Moving Average Convergence Divergence (MACD) alongside a Money Flow filter to identify potential market breakouts. It evaluates higher-timeframe MACD calculations using exponential or simple moving averages combined with Money Flow o
Indicator · Pine Script v6 · On the chart
Breakout Confluence Scanner
This Pine Script indicator computes a Confluence Score from 0 to 100 by aggregating seven breakout identification strategies based on VCP trend template, TTM squeeze, volume analysis, relative strength, MA setup, RSI momentum and price near resistance.
GitHub stars1on the repository
Pine versionv6current
Lines of code439
Settings38inputs
LicenceNone stated
Last update6 months ago25 Apr 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Breakout Confluence Scanner plots on the price chart with EMA lines, TTM squeeze dots, a dashed resistance line and background color changes when the score exceeds 70. A dashboard table displays individual strategy scores, pass/fail status and details. Alerts trigger on score crossings above 70, 80, squeeze release and volume surge events. The script targets stocks on daily charts and requires pre-filtering via a screener such as Finviz. No entry or exit rules with stop loss or take profit are defined.
- Confluence Score 0-100
- 7 Strategy Checkers
- Dashboard Table
- TTM Squeeze Dots
- Alert Triggers
Details
Published by
yaniv1157 on GitHub
Type
Indicator, Pine Script v6
Draws
On the price chart
Category
Trend, Oscillators & momentum, Moving averages, Breakout
Markets
Stocks
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| SMA Fast Period | int | 50 | vcpSmaFast |
| SMA Mid Period | int | 150 | vcpSmaMid |
| SMA Slow Period | int | 200 | vcpSmaSlow |
| Max % Below 52-Week High | float | 25 | vcpHighPct |
| Min % Above 52-Week Low | float | 30 | vcpLowPct |
| ATR Contraction Lookback | int | 50 | vcpContractionBars |
| BB / KC Period | int | 20 | ttmLength |
| BB StdDev Multiplier | float | 2.0 | ttmBBMult |
| KC ATR Multiplier | float | 1.5 | ttmKCMult |
| Momentum LinReg Length | int | 12 | ttmMomLen |
| Volume Average Period | int | 50 | volAvgLen |
| Dry-Up Threshold (ratio) | float | 0.5 | volDryUpThresh |
Show all 38 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Surge Threshold (ratio) | float | 1.5 | volSurgeThresh |
| OBV Smoothing EMA Length | int | 20 | obvSmoothLen |
| Benchmark Symbol | string | SPY | rsBenchmark |
| RS Comparison Period | int | 50 | rsLength |
| RS Strong Threshold | float | 70 | rsStrongThresh |
| EMA Fast | int | 10 | emaFast |
| EMA Mid | int | 21 | emaMid |
| EMA Slow | int | 50 | emaSlow |
| RSI Period | int | 14 | rsiLen |
| Sweet Zone Low | float | 55 | rsiLow |
| Sweet Zone High | float | 70 | rsiHigh |
| Pivot High Lookback | int | 50 | resistLookback |
| Max % Distance to Resist | float | 5.0 | resistPctThresh |
| Tight Range Bars | int | 10 | tightRangeLen |
| Max % Range for Tight | float | 3.0 | tightRangeThresh |
| Show Dashboard | bool | true | showDashboard |
| Show Background | bool | true | showBgColor |
| Show EMA Lines | bool | true | showEMAs |
| Dashboard Position | string | Top Right | dashPosition |
| VCP Weight | float | 20 | wVCP |
| TTM Squeeze Weight | float | 15 | wTTM |
| Volume Weight | float | 15 | wVOL |
| Rel. Strength Weight | float | 15 | wRS |
| MA Setup Weight | float | 15 | wMA |
| RSI Weight | float | 10 | wRSI |
| Resistance Weight | float | 10 | wRESIST |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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