Daily Range Breakout is a Pine Script strategy for TradingView that identifies the high and low of the previous trading session and enters when price breaks those levels.

HOW IT WORKS

— Long entry: price breaks above the previous session's high
— Short entry: price breaks below the previous session's low
— Gap parameter: adjust the breakout level to anticipate or confirm the entry
— Risk management: fixed stop loss (%), take profit (%), optional trailing stop
— Optional filters: Rate of Change filter (momentum confirmation), EMA-based close

BUILT-IN FILTERS

— Session hours filter (define your trading window)
— Timezone selector: Europe, US East, US West, Asia
— Rate of Change filter: only enter when the market already has momentum in the breakout direction
— Trailing stop toggle (on/off)
— EMA close toggle (on/off)

Works on any asset and timeframe available on TradingView.

HOW YOU GET ACCESS

After purchase, Send your TradingView username to candliq.labs@gmail.com. It will be added to the invite-only access list. The script will appear in your TradingView account.

IMPORTANT

Parameters must be adjusted for each asset, timeframe, and market conditions. Backtest results shown are examples only. Past performance does not guarantee future results. This is not financial advice.