AI Breakout Range Box Indicator

AI Breakout Range Box Indicator automatically draws the opening range of the market as a clean, easy-to-read box and highlights the moment price breaks out of it. Instead of manually marking consolidation ranges bar by bar, let the indicator do the measuring and alert you the instant a breakout is confirmed.

The indicator continuously scans a rolling window of recent bars, plots the resulting high/low box on the chart, and automatically changes the box color once price closes outside its boundaries - so active and triggered ranges are always visually distinct at a glance.

Key features:

• Automatic range-box detection over a configurable number of bars
• Adjustable breakout buffer (in points) to filter out noise and false breaks
• Separate colors for active boxes and already-triggered boxes
• Continuously updating box as new bars form, until a breakout occurs
• Works on any symbol and timeframe - Forex, metals, indices, crypto
• Lightweight, chart-only visual tool with no repainting of confirmed boxes
• No DLLs, no external dependencies - installs in seconds

Input parameters:

• Range Bars - number of recent bars used to build the range box (default 20)
• Breakout Buffer Points - extra distance in points required to confirm a genuine breakout (default 30)
• Active Box Color - color of the box while price is still inside the range (default Dodger Blue)
• Triggered Box Color - color the box changes to once breakout out occurs (default Gray)

Perfect for breakout traders, session-opening-range strategies, and anyone who wants an objective, automatically-updating visual reference for recent consolidation zones instead of drawing boxes by hand.