OPEN-SOURCE SCRIPT
Range Breakout Session Strategy
Range Breakout Session Strategy | Smart Session Box + Visual Risk Management
This strategy is designed to trade breakouts from a predefined session range with automatic execution logic and full visual risk management.
The script builds a trading range during a selected time window (example: 07:30–08:00), then waits for the session to finish before analyzing breakout conditions.
Once price closes outside the range:
✅ Break above → Buy signal
✅ Break below → Sell signal
The entry is executed at the close of the breakout candle.
Features
🔹 Custom session range (fully configurable)
🔹 Time zone selection
🔹 Automatic breakout detection
🔹 Entry only after session closes
🔹 Configurable Stop Loss (ticks)
🔹 Configurable Take Profit (ticks)
🔹 Visual SL and TP zones directly on chart
🔹 Session range displayed as a dynamic box
🔹 Day filter (choose which weekdays are active)
🔹 Built-in strategy backtesting
Strategy Logic
Define the operational session.
The indicator builds the High/Low range.
After the session ends, price is monitored.
First confirmed breakout triggers an entry.
Risk management is automatically applied.
Best Use Cases
• Opening Range Breakout (ORB)
• Index Futures
• Forex Sessions
• Gold (XAUUSD)
• NASDAQ / US30
• Intraday momentum trading
Recommended Timeframes
1 Minute
3 Minutes
5 Minutes
15 Minutes
This tool is intended to provide a structured and visual approach to breakout trading, combining clear execution rules with transparent risk management.
This strategy is designed to trade breakouts from a predefined session range with automatic execution logic and full visual risk management.
The script builds a trading range during a selected time window (example: 07:30–08:00), then waits for the session to finish before analyzing breakout conditions.
Once price closes outside the range:
✅ Break above → Buy signal
✅ Break below → Sell signal
The entry is executed at the close of the breakout candle.
Features
🔹 Custom session range (fully configurable)
🔹 Time zone selection
🔹 Automatic breakout detection
🔹 Entry only after session closes
🔹 Configurable Stop Loss (ticks)
🔹 Configurable Take Profit (ticks)
🔹 Visual SL and TP zones directly on chart
🔹 Session range displayed as a dynamic box
🔹 Day filter (choose which weekdays are active)
🔹 Built-in strategy backtesting
Strategy Logic
Define the operational session.
The indicator builds the High/Low range.
After the session ends, price is monitored.
First confirmed breakout triggers an entry.
Risk management is automatically applied.
Best Use Cases
• Opening Range Breakout (ORB)
• Index Futures
• Forex Sessions
• Gold (XAUUSD)
• NASDAQ / US30
• Intraday momentum trading
Recommended Timeframes
1 Minute
3 Minutes
5 Minutes
15 Minutes
This tool is intended to provide a structured and visual approach to breakout trading, combining clear execution rules with transparent risk management.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.