R&D v3 Fixed

Precision Breakouts Pro is a trendline-based breakout strategy designed for intraday traders using 0DTE SPY options. The strategy dynamically identifies support and resistance using pivot highs/lows, then confirms breakouts with price action. Trades are executed only during optimal hours (9:30 AM–1:00 PM EST) to minimize theta decay in options contracts.

This script includes:
• Dynamic support & resistance trendlines
• Clean breakout entries with confirmation logic
• Real-time chart labels for entries and exits
• Smart take-profit scaling (1.5x, 2.5x, 3.5x R multiples)
• Automatic time-based exit after 120 bars (2 hours)
• On-screen session highlighting for valid trading hours

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Why Open Source?

This strategy is being published open source to invite feedback from other traders, quants, and Pine Script developers. The goal is simple: collaborate to improve profitability and sharpen trade logic. If you see a better way to define entries, exits, or risk parameters — let’s build it together.

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