Session Breakout Detector (SBD)Overview:
The Session Breakout Detector (SBD) is a TradingView indicator designed to identify and visualize breakouts from major trading sessions. It tracks a selected session (Tokyo, London, or New York) and detects price movements beyond the session's high or low, assisting traders in spotting potential breakout opportunities.
Key Features:
- Session Selection: Choose between Tokyo, London, or New York sessions.
- Breakout Detection Modes:
- Confirmed Bar: Detects breakouts when a candle closes beyond the session's range.
- Intrabar: Detects breakouts as soon as the price exceeds the session's high or low within a
candle.
- Visual Indicators:
- Displays session high, low, and range with a colored box for clear visualization.
- Marks breakouts with green (bullish) or red (bearish) triangles.
- Optional 50-Period SMA: Adds a 50-period Simple Moving Average to the chart for trend
analysis.
- Alerts: Configurable alerts for bullish and bearish breakouts.
Usage Instructions:
1. Select Session: Choose the desired trading session (Tokyo, London, or New York) from the
input settings.
2. Choose Breakout Detection Mode: Select between 'By confirmed bar' or 'By intrabars' based
on your trading preference.
3. Enable SMA (Optional): Toggle the 'Use SMA?' option to display the 50-period Simple Moving
Average.
4. Set Alerts: Configure alerts for breakout signals as per your trading strategy.
⚠️Note: This indicator is intended for informational purposes only and should not be construed as financial advice. Users are encouraged to conduct their own research and consider their individual risk tolerance before making trading decisions.
Sessionbreakout
Session Breakout/Sweep with alertsThis indicator is based on popular London breakout strategy. but as I noticed that it don't work good with breakouts so I made it to be used as reversal entries as well. By default the timing is set for asian session but you can change it according to your need.
Use as breakout
Use as liquidity sweep
Note:
On some pairs the timing changes automatically (I don't know why), if you face this issue , go to settings and set the timing accordingly and save it as templet so that you don't have to change it every time you load the chart with timing issue.
I hope you guys find it useful. Do share your though and feedback in comments.
Main Market Opener Breakout [RH]Based on my observations while analyzing the crypto and forex charts, particularly BTCUSDT and EURUSD, I have noticed that the prices exhibit significant movements during most stock market sessions, particularly during New York main market session.
With the aim of capturing these moves, I embarked on extensive research. Through this research, I discovered that by considering the very first "15m" or "30m" candle of the main market trading session and marking that first candle's high and low points, we can create potential trigger points.
A break above the high point indicates a bullish signal, while a break below the low point suggests a bearish signal. To further refine our analysis and filter out some noise, we can incorporate the Average True Range (ATR) value of that candle.
Candle time is very important here. We will mark the candle when the actual trading begins in New York stock exchange. The trading hours for the New York Stock Exchange (NYSE) typically begin at 9:30 AM and end at 4:00 PM Eastern Time (ET), Monday through Friday. This is known as the "NYSE Regular Trading Session." However, it's important to note that there are also pre-market and after-hours trading sessions that occur outside of these core hours. We will not consider these pre and after-hours.
Example:
First break-above and break-below is marked automatically and alerts are also available for first breaks.
Example:
I have also added the option to add the, London Stock Exchange Main Market and Tokyo Stock Exchange Regular Trading Session. You can add those sessions also and test with different symbols.
Stocks symbols from different stock exchanges just mark the very first candle of the day(main market trading session).
Alerts are available.
Session's First Bar RangeFirst Bar is crucial when there is gap up or gap down opening. It is recommended to use 15m Timeframe for better use.
Crossing this range signifies the absorption of existing buyers/sellers in the opening session and sometimes decide the trend onwards.
