First Candle com Targets

This Pine Script implements a "First Candle of the Day" breakout strategy with targets:

Strategy Logic:

Identifies the first hourly candle of each trading day

Calculates the high, low, and range (distance) of that candle

Draws four horizontal levels on the chart:

High level (red solid line)

Low level (green solid line)

Buy target (blue dashed): High + Daily Range

Sell target (purple dashed): Low - Daily Range

Generates signals when price breaks above/below these levels:

BUY signal: When price closes ABOVE the Buy target (High + Range)

SELL signal: When price closes BELOW the Sell target (Low - Range)

Visualizes all levels with labels showing exact price values

Key Features:

Uses 1-hour timeframe

Lines extend 500 bars forward from the first candle

Automatic cleanup and update of levels each new day

Includes alert conditions for automated trading notifications

Marks the first candle of each day with a blue label

Trading Approach:

Breakout long when price exceeds the first candle's high by its full daily range

Breakout short when price falls below the first candle's low by its full daily range

The strategy assumes the first candle's range establishes intraday volatility boundaries