Tristan's Box: Pre-Market Range Breakout + Retest

Market Context:
This is designed for U.S. stocks, focusing on pre-market price action (4:00–9:30 AM ET) to identify key support/resistance levels before the regular session opens.

Built for 1 min and 5 min timelines, and is intended for day trading / scalping.

Core Idea:

• Pre-market range (high/low) often acts as a magnet for price during regular hours.
  
• The first breakout outside this range signals potential strong momentum in that direction.
  
• Retest of the breakout level confirms whether the breakout is valid, avoiding false moves.
  

Step-by-Step Logic:

1. Pre-Market Range Identification:
   
2. Track high and low from 4:00–9:30 AM ET.
   
3. Draw a box spanning this range for visual reference and calculation.
   

Breakout Detection:

• When the first candle closes above the pre-market high → long breakout.
  
• When the first candle closes below the pre-market low → short breakout.
  
• The first breakout candle is highlighted with a “YOLO” label for visual confirmation.
  

Retest Confirmation:

• Identify the first candle whose wick touches the pre-market box (high touches top for short, low touches bottom for long).
  
• Wait for the next candle: if it closes outside the box, it confirms the breakout.
  

Entry Execution:

• Long entry: on the confirming candle after a wick-touch above the pre-market high.
  
• Short entry: on the confirming candle after a wick-touch below the pre-market low.
  
• Only the first valid entry per direction per day is taken.
  

Visuals & Alerts:

• Box represents pre-market high/low.
  
• Top/bottom box border lines show the pre-market high / low levels cleanly.
  
• BUY/SELL markers are pinned to the confirming candle.
  
• Added a "YOLO" marker on breakout candle.
  
• Alert conditions trigger when a breakout is confirmed by the retest.
  

Strategy Type:

• Momentum breakout strategy with confirmation retest.
  
• Combines pre-market structure and risk-managed entries.
  
• Designed to filter false breakouts by requiring confirmation on the candle after the wick-touch.
  

In short, it’s a pre-market breakout momentum strategy: it uses the pre-market high/low as reference, waits for a breakout, and then enters only after a confirmation retest, reducing the chance of entering on a false spike.

Always use good risk management.