OPEN-SOURCE SCRIPT
Bearish Breakaway V2 (Publish) FVG concept
This is the version 2 of bearish breakaway indicator. This is the bearish version. Please also use the bullish v2 version in my page.
https://tradingview.sweetlogin.com/x/o1waUMEd/
Here is an example, 8-15-2025, NQ,
you see the 1st 1m bearish breakaway candle formed at 941am, then you are looking for short entry, if you enter at the low of this breakaway candle, you still have enough room for a profitable trade in the short direction.
By no means, this indicator is telling to short the moment you see a bearish breakaway candle at anytime.
However, if you don't see the formation yet, it is better to not to enter the trade. It takes a lot of skills to execute the trade, how do you enter the trade based on the indicator , that will be your edge, and the indicator can only give you a visual signal.
https://tradingview.sweetlogin.com/x/o1waUMEd/
Here is an example, 8-15-2025, NQ,
you see the 1st 1m bearish breakaway candle formed at 941am, then you are looking for short entry, if you enter at the low of this breakaway candle, you still have enough room for a profitable trade in the short direction.
By no means, this indicator is telling to short the moment you see a bearish breakaway candle at anytime.
However, if you don't see the formation yet, it is better to not to enter the trade. It takes a lot of skills to execute the trade, how do you enter the trade based on the indicator , that will be your edge, and the indicator can only give you a visual signal.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.