Gold Breakout Indicator

Marks a custom session's high/low range and fires wick-breakout buy/sell signals filtered by a built-in adaptive Supertrend, with optional higher-timeframe bias and ADX confirmation, plus auto TP/SL guide lines.

Key Features

• Session Range Box — automatically tracks and draws the high/low of any custom session window (e.g. your own SAST trading hours, the Asian session, or London open), updated live and locked in once the session closes.
• Built-in Supertrend Trend Filter — an independent Supertrend engine with:
  • An adaptive factor option that scales the multiplier by the ATR's percentile rank over a lookback period, tightening or loosening with volatility.
  • An optional higher-timeframe (HTF) bias check — a signal only counts if the HTF Supertrend agrees with the working-timeframe direction.
  • An optional ADX filter to avoid signals during low-strength, choppy conditions.
• Breakout Signals — one buy arrow and one sell arrow per session/day, triggered the moment a candle wick breaks the session box high or low while the Supertrend filter is confirmed.
• TP / SL Guide Lines — when a signal fires, Entry, Stop-Loss, and Take-Profit rays are drawn automatically, sized as a percentage of that day's session range, and cut off automatically at SAST midnight.
• Fully Configurable — session hours, timezone offset, Supertrend parameters, ADX filter, HTF timeframe, box colours/style, arrow codes, sound alerts, and TP/SL percentages are all adjustable inputs.
• Lightweight & Efficient — higher-timeframe data is only re-fetched when a new HTF bar actually forms, not on every tick, so it stays responsive even on fast-ticking symbols.

How It Works

1. Set your session start/end time (default values are given in SAST, UTC+2) and the offset needed to convert your broker's server time to SAST.
2. While the session is open, the indicator tracks the highest high and lowest low, then draws a box around that range once the session closes.
3. Once the box is locked in, it watches for the first candle wick to break above the box high or below the box low.
4. A breakout only becomes a signal if the built-in Supertrend agrees with that direction — and, if enabled, only if the ADX is strong enough and the higher-timeframe Supertrend agrees too.
5. On a valid signal, an arrow is plotted, an optional alert sound plays, and Entry/SL/TP lines are drawn using your chosen percentage of the day's range.

Inputs

• Session Range (SAST): start/end hour & minute, server-to-SAST hour offset.
• Trend Filter (Supertrend): ATR period & factor, adaptive factor toggle with min/max and rank length, HTF match toggle & timeframe, ADX filter toggle with threshold & length, "require confirmed" toggle, show/hide Supertrend line.
• Box Appearance: colour, fill, line style.
• Signals: arrow codes for buy/sell, sound alert toggle and .wav files.
• TP / SL: show/hide, SL % of range, TP % of range, line colours.
• Debug Print: optional Experts-log diagnostics for every box breach.

Notes

• Session times default to SAST and are converted using the server-offset input — adjust this to align with any session you prefer (your local session, London, New York, etc.).
• Only one buy and one sell signal can fire per session/day.
• The arrow on the currently forming (unclosed) candle may shift slightly until that candle closes, since it is plotted from the live wick.
• This is an analytical/signal tool, not an automated trading system — it does not place trades. Always test on a demo account first; past results do not guarantee future performance.