Two-Session Fibonacci Breakout

This script is a session-based trend-following indicator that uses Fibonacci retracement levels to identify high-probability breakouts. By focusing on the first bearish "anchor" candle of the morning and afternoon sessions, it establishes levels where institutional "indecision" ends and trend momentum begins.
How It Works

• The Anchor: The script identifies the first red candle within the specified session times on a 5-minute timeframe.
  

• The Cloud: It shades the area between the 0.44 and 0.50 Fibonacci levels. This is the Indecision Zone.
  

• The Signal: A signal is generated only when the entire candle body clears the cloud. This significantly reduces noise and false "wick" breakouts.

• The Targets: 0.236 (Bullish expansion) and 0.786 (Bearish expansion) serve as logical take-profit or scale-out levels.
  

Key Technical Features
Non-Repainting: All levels are calculated based on closed bar data.

Wick Filtering: Toggleable logic to ensure you only trade when the "real" price action (the body) commits to a direction.

Directional State Logic: Prevents "signal spam" by requiring a trend reversal before a new signal of the same type can fire.
Trade Management
Long Entry: Body close above the Teal (0.44) line.

Short Entry: Body close below the Orange (0.50) line.

Risk: Stop-loss is recommended on the opposite side of the cloud.
DISCLAIMER:
This script is for educational and informational purposes only. It does not constitute financial, investment, or trading advice. Past performance is not indicative of future results. Trading involves significant risk, and you should only trade with capital you can afford to lose. The author is not responsible for any financial losses incurred through the use of this indicator. Always perform your own due diligence before making any trade.