TCT - Range Break

TCT - Range Break

Capture morning range breakouts with precision.

TCT - Range Break automatically tracks the high and low of a configurable time window and signals when price breaks out—giving you clear, actionable entries for directional moves.

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✨ FEATURES

🎯 Automated Range Detection

• Captures session high/low during any user-defined window (default: 6–10 AM ET)
  
• Fully customizable start, end, and box display times
  
• All times in Eastern Time (auto-adjusts for DST)
  

📦 Color-Coded Breakout Boxes

• 🟢 Green — Price broke above range high (bullish)
  
• 🔴 Red — Price broke below range low (bearish)
  
• 🟡 Yellow — Both levels broken (indecisive/choppy)
  
• ⚪ Gray — No breakout (range-bound)
  

🐂🐻 Instant Breakout Labels

• Bull/Bear emoji appears the exact moment price breaks the range
  
• Customizable emoji and size options
  

📈 Built-in Statistics Dashboard

• Real-time stats showing historical breakout patterns
  
• Tracks total sessions, breakout counts, and percentage distribution
  
• Validate your edge with hard data
  

🔔 Alert-Ready

• Pre-configured alerts for bullish and bearish breakouts
  
• Never miss a trade—get notified instantly
  

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🎮 HOW IT WORKS

Three key times define the indicator:

• Range Start (default 6 AM ET) — Begin tracking session high/low
  
• Range End (default 10 AM ET) — Lock in the range, start monitoring for breakouts
  
• Box End (default 4 PM ET) — Stop drawing the visual box
  

The indicator draws two nested boxes:

• Overall Box (lighter) — Full monitoring window from Range Start to Box End
  
• Monitored Range Box (darker) — The specific window where high/low was established
  

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📊 STATISTICS TABLE

The dashboard shows you:

• Only High (Green) — Clean bullish breakouts
  
• Only Low (Red) — Clean bearish breakouts
  
• Both Broken (Yellow) — Choppy, reversal-prone sessions
  
• Neither (Gray) — Range-bound, low volatility days
  
• One Side Only — Total clean directional moves (Green + Red)
  

Use this data to understand market behavior and validate your strategy.

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🛠️ CUSTOMIZATION

• Adjustable time windows for any market or session
  
• Custom colors for all breakout states
  
• Transparency controls for chart readability
  
• Border styles (Solid, Dashed, Dotted)
  
• Emoji customization (type and size)
  
• Toggle statistics table on/off
  
• Flexible table positioning
  

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📈 BEST FOR

• US Index Futures (ES, NQ, YM, RTY) — Default settings optimized
  
• Forex — Adjust for London/NY session opens
  
• Stocks & ETFs — Track opening range breakouts
  
• Crypto — Set custom windows for your preferred sessions
  

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⚠️ REQUIREMENTS

• Timeframe: Works on any timeframe below 1 hour (1m, 5m, 15m, 30m, 45m)
  
• A warning will display if applied to 1H or higher
  

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💡 TRADING TIPS

• High "One Side Only" % → Market picks a direction—ideal for breakout trades
  
• High "Both Broken" % → Expect fakeouts—wait for confirmation or fade extremes
  
• High "Neither" % → Low volatility—consider range strategies instead
  

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🔔 SETTING UP ALERTS

• Click the indicator name in chart legend
  
• Select "Add Alert on TCT - Range Break"
  
• Choose Range Bullish Break or Range Bearish Break
• Configure notifications (popup, email, webhook)
  
• Click Create
  

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