London Session Breakout - Joovier Gems

London Session Breakout [NQ]

London Session Breakout [NQ] is a visual breakout indicator designed for traders who want a clean, mechanical way to track the pre-market London range on Nasdaq futures.

This indicator marks the 3:00 AM–9:00 AM New York time range, highlights the active trading window from 9:30 AM–11:00 AM, and plots breakout signals when price closes outside the London range.

The goal is simple: help traders visually identify when NQ breaks out of the London session range during the New York morning session.

How It Works

1. The indicator draws a box around the 3:00 AM–9:00 AM NY time session.
2. It marks the London session high and low.
3. The New York execution window from 9:30 AM–11:00 AM is highlighted on the chart.
4. A buy signal appears when a 5-minute candle closes above the London high.
5. A sell signal appears when a 5-minute candle closes below the London low.
6. Optional entry, stop loss, and take profit lines can be displayed automatically.

Trade Logic

This indicator is built around a simple breakout model:

* Long Signal: Candle closes above the 3:00 AM–9:00 AM range high.
* Short Signal: Candle closes below the 3:00 AM–9:00 AM range low.
* Entry: Breakout candle close.
* Stop Loss: 5 ticks beyond the breakout candle.
* Take Profit: 2R by default.
* Signals Only Appear: Between 9:30 AM and 11:00 AM New York time.

Features

* London range box
* London high and low levels
* New York execution window highlight
* Buy and sell breakout arrows
* Optional one-signal-per-day mode
* Optional entry, stop loss, and take profit lines
* Adjustable stop offset and take-profit R multiple
* Customizable colors, arrows, labels, and text size
* Alert conditions for long, short, or any breakout

Recommended Use

This indicator is intended for use on the NQ 5-minute chart with extended-hours data enabled.

It is best used as a visual backtesting and trade-planning tool. The indicator does not guarantee profitability and should be combined with proper risk management, market context, and your own testing.

Disclaimer

This script is for educational and informational purposes only. It is not financial advice. Trading futures involves risk, and past performance does not guarantee future results. Always backtest and forward-test any strategy before using it with real money.