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.
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.