Morning Break Out

This indicator visualizes a classic morning breakout setup for the DAX and other European markets. The first hour often sets the tone for the trading day — this tool helps you identify that visually and react accordingly.

🔍 How It Works:
Box Range Calculation:
The high and low between 09:00 and 10:00 define the top and bottom of the box.

Color Logic:

Green: Price breaks above the box after 10:00 → bullish breakout

Red: Price breaks below the box after 10:00 → bearish breakout

Gray: No breakout → neutral phase

📈 Use Cases:
Identify breakout setups visually

Ideal for intraday traders and momentum strategies

Combine with volume or trend filters

⚙️ Notes:
Recommended for timeframes 1-minute and above

Uses the chart’s local timezone (e.g. CET/CEST for XETRA/DAX)

Works on all instruments with data before 09:00 — perfect for DAX, EuroStoxx, futures, FX, CFDs, etc.