OPEN-SOURCE SCRIPT

Daily Range Breakout Strategy

This strategy is designed to detect session highs and lows during a specified time window and place trades based on breakout conditions. It integrates robust range detection logic inspired by the DR/IDR methodology, ensuring accurate high/low calculations for each session.
Key Features:
Session-Based High/Low Detection.
Trade Placement After Session Ends.
Stop Loss and Take Profit Levels.
Date-Based Backtesting.
Visualization.
Debugging Logs.

Candlestick analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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