Season Timed Range Breakout STRB

Season Timed Range Breakout (STRB)

STRB marks the price range of a time window you choose, such as the New York open, and tracks how price breaks out of it. It draws the range, targets and stop levels for every session. It also records how past breakouts played out, so you can judge a setup on your own chart’s history instead of guessing.

How it works

1. You set a range window (for example 09:30–09:45 New York time) and a trading session (for example 09:30–16:00).
2. STRB boxes the high and low of the range window.
3. When the window closes, it projects the range high, range low, midpoint, three targets and a stop level on each side.
4. During the trading session it marks the first breakout, then follows that breakout to the session end. It records whether a target or the stop was reached first, whether the breakout failed back into the range, and whether price retested the broken level.

Multi-Window Mode
STRB can work as a single range breakout tool or track several sessions at once. You choose with the “Multi-Window Mode” switch.

• Multi-Window Mode OFF: only Window 1 is tracked, so you get one clean timed range breakout per day (by default the New York open, 09:30–09:45). This suits traders who focus on one session and want an uncluttered chart.
• Multi-Window Mode ON: Window 2 and Window 3 are tracked too, each switchable on its own. By default these are London (04:00–05:00) and Asia (20:00–21:00), in New York time.

Each window is completely independent. It has its own name, color, range window, trading session, levels, signals and statistics column. The windows can be renamed and retimed to any sessions you trade, and the statistics table adds an “All” column that totals them.

Main features

• Two range modes: a fixed time window, or the first N candles of each window’s trading session.
• Timezone selection (New York, London, Tokyo, Sydney and more) with automatic daylight-saving handling, so sessions stay on the correct clock time all year.
• Three targets set as multiples of the range size (default 0.5x, 1x and 2x), each of which can be turned off.
• Stop level set as a multiple of the range or as a percentage of price.
• Breakout confirmation by candle close or by wick touch, with an optional buffer in ticks.
• One signal per session, or one per side.
• Optional failed-breakout and retest markers.
• Optional filters: range size compared with the previous day’s daily ATR, relative volume, and VWAP alignment.
• Lines can extend to the session end, stop at the breakout, or not extend at all. The opposite side’s levels are removed after a breakout to keep the chart clean.
• Choose whether previous days stay on the chart, and how many.
• Alerts for range complete, long breakout, short breakout, failed breakout and retest, delivered by popup, push notification or email.

Statistics table
For every active window, plus an all-windows total when more than one is on, the on-chart table shows:

• Number of trades, split into long and short
• Target reached before stop, stop before target, and neither by session end
• How often each target was reached
• Failed breakout rate
• Retest count, and how often a retest went on to reach the target or the stop

The statistics cover the history loaded on your chart. They count only the first breakout of each window’s session, and when the stop and a target are touched on the same candle, the stop is counted first.

No repainting
All signals are calculated on closed candles only. A marker that appears on the chart will not move or disappear afterwards.

Settings tips

• Works on intraday timeframes from M1 to H12. Use a timeframe that lines up with your window start (for example M5 or M15 for a 09:30 window).
• On a live chart your broker’s server time offset is detected automatically. In the Strategy Tester, enter it manually under “Broker server UTC offset”. Most brokers use +2 with the US daylight-saving schedule, which is the default.
• If your range windows are very short, lower the “Narrow Below” ATR filter value, as short ranges are naturally small.

Disclaimer
This indicator is a tool for analysis and education. It does not guarantee profits, and past statistics do not predict future results. Always test on a demo account first.