OPEN-SOURCE SCRIPT
Range + Breakout/Breakdown + Box [Sharad] v5
🔷 Range + Breakout/Breakdown + Box [Sharad]
This indicator is designed to detect consolidation ranges and highlight potential breakouts (up) or breakdowns (down) when price escapes those ranges.
It automatically draws a rectangle box over the detected range, making it easier to visualize sideways price action and potential coil patterns.
✨ Features
Detects range conditions based on:
Range width (as % of price and/or relative to ATR).
Consecutive bar count inside range.
Optional ADX filter for trend strength.
Highlights Breakout Up and Breakdown Down with on-chart markers.
Draws a box around the range that persists until the range ends.
Built-in TradingView alerts:
Range Detected
Breakout Up
Breakdown Down
Customizable inputs for sensitivity, buffer, and visualization.
⚠️ Warnings & Disclaimer
This tool is for educational and research purposes only.
It does NOT provide financial advice, trade recommendations, or guaranteed results.
Market conditions can invalidate signals; false breakouts are common.
Always backtest before using in live trading.
Use strict risk management (stop-loss, position sizing, risk–reward planning).
You are fully responsible for any trades taken using this indicator.
👉 Use at your own risk. Neither the author nor TradingView accepts liability for financial loss or damages.
This indicator is designed to detect consolidation ranges and highlight potential breakouts (up) or breakdowns (down) when price escapes those ranges.
It automatically draws a rectangle box over the detected range, making it easier to visualize sideways price action and potential coil patterns.
✨ Features
Detects range conditions based on:
Range width (as % of price and/or relative to ATR).
Consecutive bar count inside range.
Optional ADX filter for trend strength.
Highlights Breakout Up and Breakdown Down with on-chart markers.
Draws a box around the range that persists until the range ends.
Built-in TradingView alerts:
Range Detected
Breakout Up
Breakdown Down
Customizable inputs for sensitivity, buffer, and visualization.
⚠️ Warnings & Disclaimer
This tool is for educational and research purposes only.
It does NOT provide financial advice, trade recommendations, or guaranteed results.
Market conditions can invalidate signals; false breakouts are common.
Always backtest before using in live trading.
Use strict risk management (stop-loss, position sizing, risk–reward planning).
You are fully responsible for any trades taken using this indicator.
👉 Use at your own risk. Neither the author nor TradingView accepts liability for financial loss or damages.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.