Live Breakout Zones (No Repaint)

The Live Breakout Zones indicator is a non-repainting, real-time breakout detection tool designed to help traders identify critical price breakouts as they happen — without lag and without repainting past signals.

This indicator scans recent price action to determine the highest high and lowest low over a user-defined lookback period. When price closes above the recent high or below the recent low, it immediately plots a breakout zone on the chart and provides a visual confirmation through labels and optional alerts.

🔍 Key Features:
✅ No Repainting – Signals are locked in as soon as a breakout happens; no future bar confirmation is needed.

⏱️ Minimal Lag – Reacts on breakout of recent range highs/lows without waiting for pivots or candle confirmation.

📦 Breakout Zones – Automatically draws colored rectangles showing the breakout level and zone width for clearer analysis.

🔔 Real-Time Alerts – Alerts for both bullish and bearish breakouts help you stay informed without watching the screen.

⚙️ Customizable – Adjustable lookback length, zone width, and color settings to match your strategy or chart style.

📈 Use Cases:
Identify key breakout moments for entry or retest zones.

Confirm breakout-based strategies in trending or consolidating markets.

Use zones for setting risk-reward areas, SL/TP levels, or re-entry planning.

⚙️ Settings:
Lookback Range (High/Low): Defines how many previous bars are checked for breakout levels.

Zone Width: Number of bars to extend the breakout box forward.

Bullish/Bearish Zone Color: Choose custom colors for breakout visualization.

🧠 Trading Tip:
Combine this tool with volume spikes, tail candles, or support/resistance for more reliable breakout setups.