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London / NY / Tokyo Breakout

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London / NY / Tokyo Breakout Signal

This indicator analyzes price action during the London, New York, and Tokyo trading sessions by defining a price range (box) formed at the beginning of each session. At the end of the session, it tests whether the price range is broken.

When the box is broken, it generates a long or short breakout signal on the first breakout bar.

Features:

User-configurable session start and end times with support for local time and GMT offset

Boxes visually display the high-low range formed during each session

Long and short breakout signals plotted on the chart upon price breaking the box

Alert conditions for all breakout signals

Customizable colors for boxes and signals

Use case:
Ideal for breakout strategies based on consolidation during London, New York, and Tokyo sessions in Forex, equities, commodities, and other markets.

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