Magic Box Indicator

Magic Box — Session Range Breakout Signals

Magic Box identifies a daily reference range — the "Box" — and marks breakout entries when price closes outside that range. Signals are calculated on closed candles only, with no repainting.

What you see on your chart:

• The Box — a shaded reference range drawn once per day, showing the key level to watch
• BUY arrows — shown when a bullish candle closes its full body above the Box
• SELL arrows — shown when a bearish candle closes its full body below the Box
• SL level — a dashed line showing where the stop loss would sit on each signal
• Outcome line — a dotted line showing the maximum move reached before retracement, labeled in pips

Key features:

• Works on any timeframe: the Box is calculated from the M5 candle regardless of which chart is displayed
• Works on any instrument: Forex, Gold, Silver, Indices, Crypto. Pip calculation is instrument-aware (XAU, XAG, 5-digit, 4-digit)
• Automatic GMT offset detection aligns the Box to the broker's server time
• Up to 5 signals per session (configurable)
• Re-entry logic: after a breakout, the indicator waits for price to return to the Box before signaling again in the same direction. Opposite-direction signals are shown immediately
• Historical signals remain visible on the chart with the maximum pips reached before the SL level, for reference
• Signals are calculated on closed M5 candles only
• Minimalist design with no additional indicators overlaid
• Popup alerts and push notifications on new signals