30-Min Breakout with VWAP

📊 30-Min Breakout with VWAP & EMA Filter
by JDTJDTTradingCo
A powerful intraday breakout system tailored for precision entries, trend confirmation, and visual clarity. This script captures high-probability trades based on early market structure, combining the strength of VWAP, EMA, and Risk-Reward-based TP/SL management.

🧠 Core Strategy Logic
🔹 Session Initialization

The script defines a custom market opening time (default: 9:15 AM IST) and tracks price movement for the first 30 minutes.

During this session, it dynamically captures the session high and low to form a breakout zone.

🔹 Breakout Entry Rules
After the 30-minute session ends, a trade triggers only if:

BUY: Price closes above session high, above VWAP, and EMA(9) > VWAP.

SELL: Price closes below session low, below VWAP, and EMA(9) < VWAP.

🔹 TP/SL Logic

Stop-loss (SL) is placed at the more conservative level between the VWAP and the opposite breakout.

Take-profit (TP) is derived using a user-defined Risk-Reward (RR) Ratio.

Trade direction, SL, TP, and entry price are visually displayed on the chart.

🧩 Technical Components
🔸 VWAP: Trend anchor, used as breakout filter and SL anchor

🔸 EMA(9): Momentum filter to avoid choppy trades

🔸 Session Box: Visually marks the 30-min breakout zone

🔸 TP/SL/Entry Lines: Clean, dashed levels plotted dynamically

🔸 Auto Reset: Ensures new breakout calculations on each trading day

🔸 Single Trade Per Day: Once a trade triggers, no further trades are taken until the next session

🧱 Swing High/Low Detection
The script also plots the most recent swing highs and lows using customizable pivot settings (left/right bars).

These levels act as potential support/resistance zones and are marked with clear H / L labels and extendable lines.

⚙️ Customization Options
Setting Description
Session Start Time Define market open time (e.g., 9:15 for NSE)
Risk-Reward Ratio Customize TP level based on SL distance
Swing Sensitivity Adjust bars to detect swing highs/lows
Line Style & Width Choose line appearance for better visibility
Display Options Toggle swing high/low markers for clarity

📈 Visual Aids & Feedback
✅ Green TP ✔ when target is achieved

❌ Red SL ✘ when stop-loss is hit

📍 Buy/Sell Labels for every valid trade setup

🟠 VWAP Line with EMA filter for visual context

🔺🔻 H / L Markers for market structure awareness

🚀 Ideal Use Cases
Index traders: Especially useful for NIFTY/BANKNIFTY breakout players

Momentum-based day traders: Filters low-conviction setups

VWAP + Structure traders: Uses institutional trend levels for better alignment

Can also be used to filter other setups (e.g., price action, candle patterns)

🔧 Future Add-Ons (Planned / Optional)
✅ Alerts for trade entries, TP, and SL events

✅ Strategy version for full backtesting & optimization

✅ Trailing Stop-Loss and Partial Exit options

✅ Table-based logging of trade outcomes

⚠️ Note: This script is not a trading bot. It’s meant to be used by discretionary traders or as a semi-automated tool. Always test in demo environments before live usage.