TSLA Breakout Breakdown Levels

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This indicator plots the breakout/breakdown levels for TSLA on Jan 12 2026 and is designed to complement my Strategy 5 – Opening Bell Breakout system. It automatically draws:

Bullish and bearish entry lines based on the pre‑market high and low for the day (e.g., ~442.68 and ~440.21), with clearly marked stops and three profit targets.

A shaded “no‑trade zone” between the pre‑market high and low to discourage entries in the overnight range.

Colour‑coded horizontal lines for each level and descriptive labels on the latest bar for quick reference. Titles are fixed strings to satisfy Pine Script’s requirement that hline() titles be compile‑time constants.

A customizable underlyingSymbol variable if you wish to adapt the script to another ticker. To use this indicator on future sessions, simply update the bullEntry, bearEntry and associated stop/target variables to reflect the current pre‑market range.

This script does not generate buy or sell signals by itself; it provides visual reference levels to be used alongside the Strategy 5 Breakout Signals script. Always test on paper first, and adjust the levels to match your own pre‑market analysis. For more details on writing helpful script descriptions and how to publish Pine scripts, see TradingView’s documentation. This indicator is for educational purposes only and not financial advice.

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Updated for 1-13-2026