by 
This indicator calculates and plots Donchian Channels directly on the price chart. It determines the highest high and lowest low over a user-selected lookback period using an optimized monotonic deque algorithm, as well as a middle basis line computed as their
Indicator · Pine Script v6 · On the chart
BTC Pattern Breakout Final
This indicator detects chart structure setups on the price chart, including W-bottom and convergence breakouts, M-top and convergence breakdowns, and false breakout alerts.
GitHub stars2on the repository
Pine versionv6current
Lines of code750
Settings40inputs
LicenceNone stated
Last update5 months ago16 May 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
Signals are filtered using moving average volume expansion, ATR momentum growth, and external Open Interest (OI) percentage change via Binance data feeds, with an optional higher-timeframe EMA trend filter. Settings allow customization of pattern spacing, tolerance levels, OI thresholds, and visual elements such as reference lines and an optional status dashboard.
- W-bottom and convergence breakout detection
- M-top and convergence breakdown detection
- Volume and ATR volatility expansion filters
- Open Interest rate-of-change validation
- False breakout and false breakdown tracking
Details
Published by
Yashiine-code on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
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.
Topics
algorithmic-tradingcryptocurrencypine-scripttradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| 只在BTC上触发 | bool | true | btcOnly |
| 多头交易模式 | string | W底 + 收敛突破 | tradeMode |
| 启用空头模型：M顶/收敛跌破 | bool | true | enableShortModels |
| 启用M顶跌破 | bool | true | enableMTop |
| 启用收敛跌破 | bool | true | enableCompressionDown |
| 显示关键突破/跌破线 | bool | true | showLevels |
| 显示假突破提醒 | bool | true | showFake |
| 显示假跌破提醒 | bool | true | showFakeBreakdown |
| 显示假突破/假跌破参考线 | bool | false | showFakeReference |
| 显示右上角状态面板 | bool | false | showTable |
| 成交量均线周期 | int | 20 | volLen |
| 放量倍数 | float | 1.3 | volMult |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| ATR周期 | int | 14 | atrLen |
| ATR均线周期 | int | 14 | atrMaLen |
| ATR对比前N根K线 | int | 3 | atrCompareBars |
| ATR最小上升百分比 | float | 2.0 | atrMinRisePct |
| 启用OI过滤 | bool | true | useOI |
| BTC OI数据源 | symbol | BINANCE:BTCUSDT.P_OI | oiSymbol |
| OI对比前N根K线 | int | 3 | oiLookback |
| OI最小健康上升% | float | 0.1 | oiMinRise |
| OI最大健康上升% | float | 6.0 | oiMaxRise |
| 启用大周期趋势过滤 | bool | false | useTrendFilter |
| 趋势周期 | timeframe | 60 | trendTF |
| 趋势EMA周期 | int | 200 | trendEmaLen |
| 最少确认数量 | int | 2 | minConfirm |
| 摆动低点确认K线 | int | 3 | pivotLen |
| 两个底最小间隔 | int | 8 | wMinGap |
| 两个底最大间隔 | int | 60 | wMaxGap |
| 两个底允许误差% | float | 0.8 | wLowTolerancePct |
| 颈线至少高于底部% | float | 0.4 | wNeckMinHeightPct |
| W底有效期K线数 | int | 48 | wExpireBars |
| 收敛半周期 | int | 12 | compressHalfLen |
| 区间收缩比例 | float | 0.85 | rangeShrinkMult |
| 收敛期ATR上限倍数 | float | 1.05 | atrQuietMult |
| 摆动高点确认K线 | int | 3 | mPivotLen |
| 两个顶最小间隔 | int | 8 | mMinGap |
| 两个顶最大间隔 | int | 60 | mMaxGap |
| 两个顶允许误差% | float | 0.8 | mHighTolerancePct |
| 颈线至少低于顶部% | float | 0.4 | mNeckMinDepthPct |
| M顶有效期K线数 | int | 48 | mExpireBars |
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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