Bassi's Consolidation Breakout — ULTIMATE PRO + VP

Overview

Bassi’s Consolidation Breakout — ULTIMATE PRO + VP is a professional-grade breakout detection system that combines price structure, volume confirmation, volatility compression, and custom volume profile logic.

The indicator automatically detects compressed consolidation zones, confirms breakouts with multi-layer filters, and plots full trade setups including:
Entry level
Stop-loss
TP1, TP2, TP3 (R:R based)
Trend filters + MTF EMA
Retest validation
Volume Profile confirmation (POC / VAH / VAL)

This is one of the most complete breakout frameworks for TradingView.
🔍 Core Concept
The script detects tight consolidation boxes based on:
Price range (% compression)
Lookback period
Minimum required bars
Breakout above/below the box
Once the consolidation ends, breakout signals fire only if they pass all filters.
This focuses your trading on high-probability breakouts only.

🔥 Key Features
1️⃣ Automated Consolidation Box Detection
Draws consolidation boxes dynamically
Identifies tight range compression
Supports advanced range logic for high accuracy

2️⃣ Smart Breakout + Retest Engine
Breakouts and breakdowns require:
Structure break
Minimum breakout expansion (0.15%)
Volume confirmation
Trend (200 EMA) confirmation
Optional retest validation
Optional Volume Profile filter
Each valid breakout prints a signal + full trade setup.

3️⃣ Custom Volume Profile Engine
Fast and lightweight custom-built VP that calculates:
POC (Point of Control)
VAH (Value Area High)
VAL (Value Area Low)
These levels can optionally be used to filter weak breakouts.

4️⃣ Multi-Timeframe Trend Filter
Uses 200 EMA from any selected higher timeframe
Helps avoid counter-trend fakeouts
Fully optional

5️⃣ Automatic Trade Setup Projection
Each breakout generates:
Stop-loss (ATR × multiplier)
TP1 (R:R)
TP2 (R:R)
TP3 (optional)
Clean signal labels
Only keeps the last 2 signals to maintain clarity

6️⃣ Alerts Included
Alerts fire instantly when a valid breakout occurs:
“Bassi LONG + VP”
“Bassi SHORT + VP”
Alerts include ticker + entry price.

📘 Usage Guide & Trading Rules
✔ Recommended Trading Steps
1. Wait for a confirmed consolidation box
Box must be narrow
Must meet minimum bar requirement

2. Wait for a confirmed breakout signal
Signal requires:
Breakout above/below box
Volume confirmation
Trend & MTF confirmation if enabled
Optional retest
Optional VP filter (close outside VAH/VAL)

3. Follow the projected setup
The script prints:
Entry
SL
TP1 / TP2 / TP3
Target lines extend automatically.

📖 How to Use the Script (Trading Rules)
1️⃣ Long Entry Rules
Enter Long when:
Price breaks above trend confirmation level
Momentum signal turns bullish
Candle closes above trigger line
Volatility filter is satisfied
Exit Long:
TP1/TP2/TP3 levels
Reversal signal
Trailing stop hit

2️⃣ Short Entry Rules
Enter Short when:
Price breaks below trend confirmation level
Momentum signal turns bearish
Candle closes below trigger line
Volatility filter is satisfied
Exit Short:
TP1/TP2/TP3 levels
Trend reversal

Trailing stop hit
✔ Recommended Markets
Crypto
Forex
Indices
Futures
Stocks
Works on all timeframes from 1-minute to daily.

✔ Best Practice
Avoid taking signals against HTF trend
Prefer signals that break away from VAH/VAL
Use TP1 to secure partial profits
Move SL to breakeven after TP1 if desired
Always follow personal risk management


👤 Author

Created by: Mahdi Bassi
Professional trader & systems designer
Focused on structural, volume-based and volatility-based strategies.

⚠️ Disclaimer

This script is for educational purposes only.
No indicator can guarantee profits.
Always use proper risk management and trade responsibly.