OPEN-SOURCE SCRIPT
Gaucho VCP
VCP Breakout Scanner
Detects Volatility Contraction Patterns (VCP) based on Mark Minervini's SEPA methodology from Trade Like a Stock Market Wizard.
What is a VCP?
A VCP forms when a stock in an uptrend pauses and builds a base where each successive pullback is SHALLOWER than the previous one. This volatility contraction signals that sellers are exhausted and the stock is being accumulated by institutions. When price breaks the pivot on volume, it often leads to a significant move.
How it works:
The indicator scans for:
- Prior uptrend (EMAs stacked: 8 > 21 > 50, all rising)
- Base formation: 10-60 days of sideways consolidation
- Total depth < 25% from high to low
- Contracting pullbacks verified (T-count displayed)
- Price near highs (within 12% of pivot)
- Volume drying up during base
Visual elements:
- Blue box: consolidation base
- Green line: pivot (buy point)
- Red dashed line: stop level (on breakout days)
- A/B/C/D labels: swing points with pullback percentages on lows
- Status label: tier, depth, pivot, volume, VCP validation, pullback sequence
Tier system:
- FORMING: Base building, not yet actionable
- PRIMED: Base complete, price within 5% of pivot
- BREAKING: Price taking the pivot today
Alerts:
- VCP BREAKING: Valid VCP with confirmed contraction taking pivot
- VCP PRIMED: Valid VCP ready for breakout
- BREAKING: Breakout without VCP validation
- PRIMED: Near pivot without VCP validation
Best used on DAILY timeframe. Combine with volume analysis and market regime.
Detects Volatility Contraction Patterns (VCP) based on Mark Minervini's SEPA methodology from Trade Like a Stock Market Wizard.
What is a VCP?
A VCP forms when a stock in an uptrend pauses and builds a base where each successive pullback is SHALLOWER than the previous one. This volatility contraction signals that sellers are exhausted and the stock is being accumulated by institutions. When price breaks the pivot on volume, it often leads to a significant move.
How it works:
The indicator scans for:
- Prior uptrend (EMAs stacked: 8 > 21 > 50, all rising)
- Base formation: 10-60 days of sideways consolidation
- Total depth < 25% from high to low
- Contracting pullbacks verified (T-count displayed)
- Price near highs (within 12% of pivot)
- Volume drying up during base
Visual elements:
- Blue box: consolidation base
- Green line: pivot (buy point)
- Red dashed line: stop level (on breakout days)
- A/B/C/D labels: swing points with pullback percentages on lows
- Status label: tier, depth, pivot, volume, VCP validation, pullback sequence
Tier system:
- FORMING: Base building, not yet actionable
- PRIMED: Base complete, price within 5% of pivot
- BREAKING: Price taking the pivot today
Alerts:
- VCP BREAKING: Valid VCP with confirmed contraction taking pivot
- VCP PRIMED: Valid VCP ready for breakout
- BREAKING: Breakout without VCP validation
- PRIMED: Near pivot without VCP validation
Best used on DAILY timeframe. Combine with volume analysis and market regime.
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。