The D-Shape Breakout Signals indicator uses a unique and novel technique to provide support/resistance curves, a trailing stop loss line, and visual breakout signals from semi-circular shapes.
🔶 USAGE
D-shape is a new concept where the distance between two Swing points is used to create a semi-circle/arc, where the width is expressed as a...
This indicator finds trend following engulfings, and draws order blocks based on the 1st candle's range (the first candle of the engulfing pattern).
It does filter the trend with simple moving averages of 21 and 55 periods, but it doesn't filter for retracements in the trend (you should consider only the order blocks that are coming from engulfings after a retracement)
█ OVERVIEW
This function should give you a correct output in a circle of 360°. It is meant to be used by developers/pine-script-coders to figure out reference angles.
Conditions :
1. If the angle given to this function is in between 0-360 then it would give you the same angle without any modifications
2. If the angle given is greater than 360° - for example...
The following script periodically plot ellipses to the chart, where the maximum height of the ellipses is determined by the price high of the user-selected time frame while the price low determines the minimum height of the ellipses.
The selected time frame affects the frequency at which the ellipses are plotted, for example, a selected time frame of 1 week will...
![NVDA: D-Shape Breakout Signals [LuxAlgo]](https://s3.tradingview.com/o/oYAzaWB9_mid.png "D-Shape Breakout Signals [LuxAlgo]")
