OPEN-SOURCE SCRIPT
Live Breakout Zones (No Repaint)
The Live Breakout Zones indicator is a non-repainting, real-time breakout detection tool designed to help traders identify critical price breakouts as they happen — without lag and without repainting past signals.
This indicator scans recent price action to determine the highest high and lowest low over a user-defined lookback period. When price closes above the recent high or below the recent low, it immediately plots a breakout zone on the chart and provides a visual confirmation through labels and optional alerts.
🔍 Key Features:
✅ No Repainting – Signals are locked in as soon as a breakout happens; no future bar confirmation is needed.
⏱️ Minimal Lag – Reacts on breakout of recent range highs/lows without waiting for pivots or candle confirmation.
📦 Breakout Zones – Automatically draws colored rectangles showing the breakout level and zone width for clearer analysis.
🔔 Real-Time Alerts – Alerts for both bullish and bearish breakouts help you stay informed without watching the screen.
⚙️ Customizable – Adjustable lookback length, zone width, and color settings to match your strategy or chart style.
📈 Use Cases:
Identify key breakout moments for entry or retest zones.
Confirm breakout-based strategies in trending or consolidating markets.
Use zones for setting risk-reward areas, SL/TP levels, or re-entry planning.
⚙️ Settings:
Lookback Range (High/Low): Defines how many previous bars are checked for breakout levels.
Zone Width: Number of bars to extend the breakout box forward.
Bullish/Bearish Zone Color: Choose custom colors for breakout visualization.
🧠 Trading Tip:
Combine this tool with volume spikes, tail candles, or support/resistance for more reliable breakout setups.
This indicator scans recent price action to determine the highest high and lowest low over a user-defined lookback period. When price closes above the recent high or below the recent low, it immediately plots a breakout zone on the chart and provides a visual confirmation through labels and optional alerts.
🔍 Key Features:
✅ No Repainting – Signals are locked in as soon as a breakout happens; no future bar confirmation is needed.
⏱️ Minimal Lag – Reacts on breakout of recent range highs/lows without waiting for pivots or candle confirmation.
📦 Breakout Zones – Automatically draws colored rectangles showing the breakout level and zone width for clearer analysis.
🔔 Real-Time Alerts – Alerts for both bullish and bearish breakouts help you stay informed without watching the screen.
⚙️ Customizable – Adjustable lookback length, zone width, and color settings to match your strategy or chart style.
📈 Use Cases:
Identify key breakout moments for entry or retest zones.
Confirm breakout-based strategies in trending or consolidating markets.
Use zones for setting risk-reward areas, SL/TP levels, or re-entry planning.
⚙️ Settings:
Lookback Range (High/Low): Defines how many previous bars are checked for breakout levels.
Zone Width: Number of bars to extend the breakout box forward.
Bullish/Bearish Zone Color: Choose custom colors for breakout visualization.
🧠 Trading Tip:
Combine this tool with volume spikes, tail candles, or support/resistance for more reliable breakout setups.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.