Breakout Zones • No Repaint (Daily Levels)

📌 Breakout Zones • No Repaint (Daily Levels)

This indicator is designed to help intraday and swing traders identify high-probability breakout levels based on the previous day’s price action. It uses pivot logic derived from the prior daily high, low, and close to generate precise Buy/Sell entries and Take Profit (TP) levels.

🧠 How It Works:

Daily Levels Calculation:
At the start of each trading day, the script calculates:

Sideways Zone = (Previous Day High + Low + Close) ÷ 3

Buy Entry (r1) = Sideways + 38.2% of yesterday’s range

Buy TP (r2) = Sideways + 61.8% of yesterday’s range

Sell Entry (s1) = Sideways – 38.2% of range

Sell TP (s2) = Sideways – 61.8% of range

Signals Generation (No Repaint):

A Buy Signal is generated when price closes above r1 (confirmed on the next candle).

A Sell Signal occurs when price closes below s1.

Signals are generated only once per day, ensuring clarity and avoiding noise.

Simulated Trade Tracking:

Each signal is tracked as a simulated trade.

If TP is hit (r2 or s2), it's counted as a win.

If TP isn't hit by the end of the day, it's a loss.

The system never repaints signals — what you see in backtest is what happened live.

Stop Loss Logic (Optional):

In strategy mode (not this script), SL can be set at the Sideways Zone (p) to manage risk.

📊 Live Trading Statistics:

A dynamic table updates in real-time, showing:

Current Trade Status (Buy Active, Sell Active, Sideways)

Today’s Entry & TP Levels

Historical Accuracy

Buy Win %

Sell Win %

Total Win %

Number of trades tracked (up to 300 lookback)

🔎 How to Use:

Add to your chart and switch to intraday timeframes like 5m, 15m, 1h.

Observe the Buy/Sell arrows and TP levels — they are confirmed signals, not repainting.

Use the accuracy table to gauge performance historically and for the current session.

Combine with volume, momentum, or trend filters for enhanced decision making.

🧩 Designed For:

Intraday scalpers looking for breakout zones

Swing traders analyzing daily structure

Users who want clean, reliable, non-repainting signals

Traders who prefer to visualize risk/reward zones automatically

🔒 About Access:

✅ This script is free to use, but source code is locked to preserve functionality, prevent tampering, and ensure clean performance for all users.

📢 Feedback Welcome!

We’re constantly improving the tool. If you find bugs, want new features, or have a use-case you'd like supported, just leave a comment.

➕ Add this indicator to your toolkit and stop chasing false breakouts.
📈 Let the chart tell you when a real opportunity forms — no repainting, no guesswork.