Squeeze Breakout Pro

🔥 What This Script Does
This is a Breakout Strength Scanner with Squeeze + Pattern Range + Volume Confirmation + Risk Management + Take Profits.

✅ Core Functions:
Squeeze Detector:

Finds low volatility zones using Bollinger Band width compression.

Marks them with a “Squeeze” label — this signals that a big move is likely coming soon.

Pattern Range Detection:

Automatically identifies recent pivot highs (resistance) and pivot lows (support) using the pivotLen.

Draws the current consolidation range visually with horizontal lines.

Breakout Confirmation:

Requires:

✅ A break above resistance or below support.

✅ Confirmed with above-average volume.

✅ Must occur while in a volatility squeeze.

Plots arrows:

🔼 Green Up Arrow = Confirmed Bullish Breakout.

🔽 Red Down Arrow = Confirmed Bearish Breakout.

Trade Management Built-In:

Stop Loss: Just beyond the opposite side of the pattern range.

Take Profits:

✅ TP1 = 1.5x risk.

✅ TP2 = 2x risk.

Position Size Calculator:

Based on your input account size (accountBal) and risk percentage (riskPct).

Shows how many contracts, shares, or units to buy/sell to risk exactly that % of your account.

Higher Timeframe Trend Filter:

Default is 4-hour trend filter (can be changed).

✅ Only shows if the higher timeframe trend is Bullish (EMA50 > EMA200) or Bearish.

Displayed on the dashboard.

📊 How to Use It Step-By-Step
🟧 1. Look for a Squeeze:
A “Squeeze” label will appear.

This means price is coiled tight — a breakout is likely.

🟩 2. Wait for a Breakout Arrow:
🔼 Green Arrow: Bullish breakout (price breaks resistance + volume confirms + squeeze active).

🔽 Red Arrow: Bearish breakout (price breaks support + volume confirms + squeeze active).

🟥 3. Check the Dashboard:
✅ Trend Bias: Should ideally match your breakout.

If the higher timeframe is Bullish, long breakouts have better odds.

If Bearish, short breakouts are higher probability.

✅ Vol Confirm: Will say “Yes” if the volume condition is met.

🏹 4. Manage the Trade (Auto Levels):
The script draws:

🔴 Stop Loss Line (below range for longs, above for shorts).

🟢 Take Profit 1 (1.5x risk).

🟢 Take Profit 2 (2x risk).

Use these as guidelines for exits.

💰 5. Use Position Size Display:
Check the TP and SL distances and the suggested position size based on your account balance and risk percentage.

🚀 Pro Tips for Maximum Success
✅ Use Trend Confluence:
Only trade long breakouts when the higher timeframe trend is Bullish (EMA50 > EMA200).

Only trade short breakouts when the higher timeframe trend is Bearish.

✅ Avoid Fakeouts:
If a breakout arrow forms but the candle closes far away from the pattern breakout — wait for a retest or confirmation.

Higher volume + clean breakout works better than low-volume squeezes.

✅ Best Timeframes:
4H to Daily: For swing trades.

15m to 1H: For intraday trades (adjust htf to "240" for 4H trend confirmation even on lower charts).

✅ Increase Win Rate:
Use this script with key support/resistance zones, weekly ranges, or fib retracements.

Breakouts that happen near macro key levels have the highest follow-through.

✅ Set Alerts:
Right-click the breakout arrow or use alertcondition() events in the script.

Set alerts for:

📈 Breakout UP

📉 Breakout DOWN

🏹 Squeeze Active (prep for breakout)

✅ Walk Away Once In:
Let TP1 or TP2 hit.

Or move stop to breakeven after TP1 hits for free runners.

🔥 What Makes This Script Powerful:
Combines price action (pattern range) + volatility squeeze + volume confirmation + trend bias + risk management.

Most traders use these individually. This does it all in one clean tool.

💎 Professional Edge:
This is the type of script that turns reactive trading into systematic trading. No guessing. Clean rules. Repeatable.