FeraTrading Breakout Indicator v2

🧠 Overview:
The FeraTrading Breakout Indicator v2 is a momentum-based opening range breakout (ORB) tool built around a fixed intraday structure. It captures price behavior shortly after the market opens and then projects custom breakout levels above and below a calculated midpoint.

Signals are only generated when price breaks one of these projected zones with confirmation from multiple aligned indicators, including RSI momentum, candle body strength, and volatility acceleration.

Unlike traditional ORB tools that plot breakout lines directly on the high and low of the session, this script does not use session highs/lows for its breakout levels. Instead, it creates a central zone based on internal range logic and projects breakout bands dynamically from that midpoint.

⚙️ How It Works:
🔹 Session Zone Setup:
After the first part of the New York session, the script captures the initial price structure.

From this structure, a midpoint zone is established.

Using this midpoint, the script projects upper and lower breakout bands that remain fixed for the rest of the day.

🔹 Breakout Signal Conditions:
To trigger a signal, all of the following must be met:

Price Engagement with Projected Zones:
The prior candle must break through the upper or lower projected level, showing clean directional intent.

Directional Candle Structure:
The breakout candle must have a clear and strong body (not dominated by wicks), confirming that the move had conviction.

RSI-Based Momentum Alignment:
A short-term RSI is calculated and smoothed.

Bullish signals require RSI to be above its average.

Bearish signals require RSI to be below its average.
This ensures breakouts occur with momentum support.

Volatility Spike Filter (Optional):
Checks if the breakout candle is significantly larger than recent candles to eliminate soft or passive breakouts.

All filters must align to print a signal, avoiding noisy or conflicting trades.

🎨 Visuals:
Midpoint Line: Central anchor for the breakout zone (drawn after the session range is complete).

Upper/Lower Breakout Bands: Custom levels projected from midpoint—not drawn on session highs/lows.

Signal Arrows:

Green triangle below the candle = bullish breakout

Red triangle above the candle = bearish breakout

🔒 What Makes It Original:
Uses a fixed custom range derived from structural behavior—not highs/lows—to define breakout levels

Integrates RSI and trend-following behavior with raw price structure for more precise entries

Requires candle anatomy, directional momentum, and volatility conditions to all confirm

Universally applicable across instruments and timeframes—no tuning required

Fixed levels provide a consistent reference point for traders throughout the session

This multi-layered, confirmation-based approach is unique to this script and justifies closed-source protection.

✅ How to Use:
Add to any intraday chart (3m–15m ideal)

After the session range is set, custom zones will appear and remain unchanged for the day

Watch for triangle signals and enter at the open of the signal candle

Use your own stop loss/take profit or trailing exit logic

Best used during high-volume, active market hours

💎 Why It’s Worth Paying For
The FeraTrading Breakout Indicator v2 elevates traditional ORB logic by blending a fixed, midpoint-based breakout structure with live confirmation from RSI, candle anatomy, and volatility filters.

Unlike generic mashups or open-source breakouts, this system:

Filters breakouts using real momentum alignment, not just price movement

Applies structural logic with consistent visual zones that don’t recalculate intraday

Eliminates noise by only triggering when force, structure, and trend all agree

Delivers repeatable, high-clarity signals that adapt to market tempo without parameter tweaking

This type of structured, confluence-validated breakout logic is not available in public indicators or simple ORB clones. It reflects custom engineering and real-world trader experience, resulting in a premium-grade breakout tool.

✅ Compliance & Originality
This script was built fully from scratch using original logic and structure. All visual zones, signal filters, and confirmation layers were designed and implemented internally. No open-source components or cloned calculations are used. RSI is used as a filter, although the thresholds should remain confidential.

All inputs, filters, and breakout mechanics were developed to be asset-agnostic and do not rely on any third-party libraries, code reuse, or recycled logic.

⚠️ Risk Disclaimer & Access Policy
This tool is not financial advice and does not predict future price direction. It visualizes structural and momentum conditions that have historically preceded breakouts. Use in combination with your own trade management system.
All trades carry risk. Past performance does not guarantee future results.

🔒 Why This Script Is Invite-Only and Closed-Source
This script contains proprietary logic that combines structural breakout detection with multi-layered signal validation. Releasing the source would expose the system to replication and diminish its uniqueness and value.

Access is restricted to protect:

The original breakout zone generation logic

The combined RSI-candle-volatility signal filter

The pattern structure and visual consistency framework

Keeping the script closed-source ensures the integrity of the design and preserves the edge for serious users.

We plan on implementing our Pattern Recognition Engine (PRE) into this indicator in the future to add more reliability to the signals.