Open Range Breakout

Open Range Breakout is a volatility harvesting tool designed to exploit directional expansion following major market opens. It isolates price action during initial liquidity injections to project institutional-grade zones that define a session's structural bias.

Core Methodology
The script uses a time-anchored engine to map critical supply and demand boundaries:

Anchor Identification: The algorithm captures the absolute High and Low within a user-defined window at the start of Tokyo, London, or New York sessions.

Structural Projection: It generates a Neutrality Box. A breach via candle close signals the transition from consolidation to expansion.

Mathematical Risk Modeling: Upon breakout, it calculates a 3:1 Risk-Reward framework based on fixed percentage volatility.

Session Dynamics
The system is optimized for the global liquidity cycle:

Session 1 (Asia): Maps early-day consolidation and range-bound liquidity.

Session 2 (Europe): Captures the London Move to identify the trend.

Session 3 (US): Analyzes high-volume New York opens for maximum momentum.

Key Features
Dynamic Price Mitigation: TP/SL zones stop extending the moment price touches the target or invalidation level to keep charts clean.

Volatility-Adjusted Levels: Stop Loss parameters are normalized to price percentage for consistency across Indices, Forex, or Crypto.

Minimalist Interface: Professional aesthetic with high-contrast visual cues for instant scannability.

Use Cases
Momentum Trading: Identifying the Origin of the Move post-open.

Mean Reversion: Recognizing failed breakouts when price returns inside the range.

Quantitative Backtesting: Benchmarking 3.0 RR targets across different session anchors.