OPEN-SOURCE SCRIPT
Session Breakout Tracker
This indicator identifies breakout opportunities when price breaks previous session ranges, tracking 4 distinct breakout chains:
Asia → London (Primary Asia breakout during London session)
London → NY (London breakout during NY session)
NY → Asia (NY breakout during next Asia session)
Asia → NY* (Fallback Asia breakout during NY if Chain 1 had no breakout)
For each breakout, it measures the maximum distance price travels before hitting your defined stop-loss, providing exact pip/point calculations.
Features:
Automatic session detection (Asia: 18:00-03:00, London: 03:00-12:00, NY: 12:00-18:00 NYT)
Complete session range tracking - high/low for each session
Session level plotting with adjustable transparency
User Inputs:
Adjustable pip multiplier (0.0001 for Forex, 0.01 for JPY pairs)
Customizable stop-loss distance in pips
Toggle labels/table/session levels independently
Adjustable session duration for optimizing strategies and back testing
Asia → London (Primary Asia breakout during London session)
London → NY (London breakout during NY session)
NY → Asia (NY breakout during next Asia session)
Asia → NY* (Fallback Asia breakout during NY if Chain 1 had no breakout)
For each breakout, it measures the maximum distance price travels before hitting your defined stop-loss, providing exact pip/point calculations.
Features:
Automatic session detection (Asia: 18:00-03:00, London: 03:00-12:00, NY: 12:00-18:00 NYT)
Complete session range tracking - high/low for each session
Session level plotting with adjustable transparency
User Inputs:
Adjustable pip multiplier (0.0001 for Forex, 0.01 for JPY pairs)
Customizable stop-loss distance in pips
Toggle labels/table/session levels independently
Adjustable session duration for optimizing strategies and back testing
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.