FeraTrading Breakout Indicator v2

The FeraTrading Breakout Indicator v2 is a dynamic breakout detection tool that identifies potential long and short opportunities based on intraday structural ranges, volatility behavior, and momentum alignment.

At its core, the script calculates support and resistance zones derived from the New York session open range. It works similar to an ORB strategy, but it is accurate. It does not use your typical ORB zones. The zones it uses are projected onto the current chart and dynamically scaled using a user-defined multiplier to adjust sensitivity. This creates a live “zone of interest” where breakout behavior is expected to occur. The indicator plots adaptive support and resistance bands derived from the midpoint zone, giving traders a visual anchor for potential reaction areas.

Breakout signals are generated when price interacts with these zones in specific ways:

The candle must fully engage with the dynamic range—either piercing above the upper band or below the lower band.

The candle must exhibit clear directional intent, meaning it must close strong in one direction with sufficient size and momentum.

An RSI-based momentum filter is applied to ensure the underlying move is supported by trend strength, not just random volatility.

Additional logic checks include average range comparisons to recent candles, which act as a volatility confirmation or "spike filter." This ensures that only breakouts with unusual force are considered valid.

Once all conditions align, the indicator plots an arrow for either a buy or sell signal. These signals are intended to be used at or near the open of the following candle, which aligns with how the conditions are computed on the previous bar.

What makes this indicator original is the way it fuses:

Higher timeframe session logic with intraday execution,

Adaptive volatility filtering with candle structure,

Momentum-based confirmation with live zone recalibration.

It avoids overfitting by keeping core logic unchanged across assets and timeframes—only requiring adjustment of stop loss and take profit levels externally.

While the exact conditions are private to protect the strategy’s edge, this combination of filters and structural logic creates a high-clarity breakout signal that minimizes false positives and enhances directional precision.

Users typically apply this indicator by entering trades at the open of the signal candle when a breakout arrow appears, managing their risk using personalized stop loss and take profit levels.