JXMJXRS - Retest Entry Zones

This indicator identifies directional breakout retest zones based on structural price levels. It is built for traders who look for secondary entry opportunities after breakouts—often referred to as "retest entries." It is particularly suited to crypto markets and other volatile assets where breakout-retest behavior is frequent and tradable.

The indicator monitors recent price structure and identifies breakouts above or below key levels using a configurable lookback window. When a breakout occurs, it automatically plots a colored zone in the direction of the move:

Green zones are plotted after bullish breakouts (potential long retest areas).

Red zones are plotted after bearish breakouts (potential short retest areas).

Each zone persists on the chart for a defined number of bars before being removed to maintain visual clarity.

Settings

Range Lookback:
Defines how many bars are used to determine recent highs and lows. This controls the structural levels the script uses to detect a breakout. Higher values filter out minor breakouts and only react to more significant price moves.

Zone Height (%):
Sets the vertical size of the retest zone as a percentage of the breakout candle's close. A larger value produces wider zones and increases the chance of price re-entering the zone.

Zone Duration (bars):
Determines how long each zone remains visible after the breakout. After the specified number of bars, the zone is automatically removed. This helps prevent clutter and keeps focus on recent, actionable retest opportunities.

The indicator works across all timeframes and does not repaint. It is best used in trending environments or during volatile market phases where breakouts are likely to lead to continuation.