Level Breakout [Jinesh0987]

📘 Level Marking System by Jinesh
🧭 Overview

This all-in-one price-action framework combines:

🔹 Swing structure

🔹 Key day & Fibonacci levels

🔹 Breakout entries

🔹 Retest reversal setups

Each part builds on the previous one, helping traders visually track structure shifts, level reactions, and high-probability trade setups — all with built-in risk/reward visualization.

🟩 Part 1 — Swing Structure

Detects swing highs & lows dynamically (no pivot lookahead).

Works using ATR- or %-based thresholds to confirm swing reversals.

Draws labeled Swing High / Swing Low dashed lines.

Optional Break of Structure (BOS) or candlestick-pattern confirmations.

Optional bar-coloring by trend (teal = up, red = down).

✅ Gives a clean map of recent price structure and potential turning points.

🟧 Part 2 — Day Levels + Fibonacci

Plots Previous Day High (PH), Low (PL), Close (PC)
and Current Day High (CH), Low (CL) automatically.

Adds Fibonacci 0.5 and 0.618 retracement lines from the previous day’s range.

Fully customizable — colors, line widths, dashed/solid styles, right-side labels.

These levels act as the foundation for breakout and retest setups.

✅ Gives your chart institutional reference points for intraday reactions.

🚀 Part 3 — Breakout Entries & 2R Targets

Detects when a candle closes above or below any key level (from Part 2).

Marks:

🔴 Previous candle → Stop-loss candle

🟧 Breakout candle → Signal candle

🟩 Next candle → Entry candle

Entry = next-bar open

Stop-loss = previous-bar low (long) / high (short)

Target = 2 × risk

Draws compact red & green boxes to visualize SL and TP zones.

✅ Perfect for clean, momentum-based breakout plays with defined R:R.

🔄 Part 4 — Touch + Retest Reversal Entry at Level

Waits for price to touch a major level (PH, PL, PC, CH, CL, Fib 0.5 or 0.618).

On the next candle, if price retests that same level and reverses,
→ it confirms a reversal entry setup.

Marks:

🔴 Touch candle → Stop-loss reference

🟧 Reversal candle → Signal

🟩 Entry at close of reversal candle

Stop-loss = touch-bar low (long) / high (short)

Target = 2 × risk (auto-drawn green box).

Includes optional wick/body touch filter and tick-tolerance for precision.

✅ Ideal for reversal trades on retests — captures quick bounces from day or fib levels.

🎯 How to Use

Add this indicator on any chart (5 min – 1 h works best).

Use Parts 1 & 2 for structure + levels.

Watch for 🟧 + 🟩 label patterns at key levels to confirm breakout or reversal entries.

Follow the built-in red/green boxes for your stop & 2R target zones.

⚙️ Customization

✅ Box span (length)

✅ Box transparency

✅ Bar-color style

✅ Wick/body touch logic

✅ 2R visual extension toggle

🧠 Author

Developed by Jinesh — merging traditional price-action structure with modern visualization.
Perfect for traders who like to read charts visually and manage risk precisely.

📈 For educational use only. Not financial advice.