Session Breakout Detector (SBD)

9 thg 10

Overview:

The Session Breakout Detector (SBD) is a TradingView indicator designed to identify and visualize breakouts from major trading sessions. It tracks a selected session (Tokyo, London, or New York) and detects price movements beyond the session's high or low, assisting traders in spotting potential breakout opportunities.

Key Features:

- Session Selection: Choose between Tokyo, London, or New York sessions.
- Breakout Detection Modes:
- Confirmed Bar: Detects breakouts when a candle closes beyond the session's range.
- Intrabar: Detects breakouts as soon as the price exceeds the session's high or low within a
candle.
- Visual Indicators:
- Displays session high, low, and range with a colored box for clear visualization.
- Marks breakouts with green (bullish) or red (bearish) triangles.
- Optional 50-Period SMA: Adds a 50-period Simple Moving Average to the chart for trend
analysis.
- Alerts: Configurable alerts for bullish and bearish breakouts.

Usage Instructions:

1. Select Session: Choose the desired trading session (Tokyo, London, or New York) from the
input settings.
2. Choose Breakout Detection Mode: Select between 'By confirmed bar' or 'By intrabars' based
on your trading preference.
3. Enable SMA (Optional): Toggle the 'Use SMA?' option to display the 50-period Simple Moving
Average.
4. Set Alerts: Configure alerts for breakout signals as per your trading strategy.

⚠️Note: This indicator is intended for informational purposes only and should not be construed as financial advice. Users are encouraged to conduct their own research and consider their individual risk tolerance before making trading decisions.

16 thg 10

Phát hành các Ghi chú

In this update, the on-chart data labels have been replaced with a compact data table, providing a cleaner and less cluttered price chart.

The new session statistics panel (located in the top-right corner) now displays in real time:
- Session high and low
- Range (difference between high and low)
- Outcome (bullish or bearish close vs session open)

This change improves readability and keeps the focus on price action, while still giving traders quick access to session data.