3 Tier London Breakout

🕒 London Session Focus – Designed to capture breakouts during the volatile London market hours.
📊 Three Key Levels – Uses the previous day’s high & low plus the current day’s opening range.
🚀 Breakout Signals – Alerts traders when price breaks above or below set levels.
🎯 Trade Planning – Helps set entry, stop-loss, and take-profit points.
Easy to Use – Simple setup, works on MT4 and free to download.

🔍 Identifies London Breakouts – Focuses on the London trading session, which is known for high volatility and strong price movements.

📊 Three-Tier Levels

  • 🔼 Previous Day’s High – Acts as the upper breakout level.
  • 🔽 Previous Day’s Low – Serves as the lower breakout level.
  • 🟦 Current Day Opening Range – Defines the starting zone for potential breakout direction.

🚀 Breakout Opportunities – Generates signals when the market price crosses above or below these levels.

🎯 Trading Guidance – Assists traders in setting precise entry and exit points.

🛡️ Risk Management – Helps place stop-loss and take-profit orders based on breakout levels.

💻 MT4 Compatible – Works seamlessly with MetaTrader 4 charts.

🆓 Free & User-Friendly – Easy to install, beginner-friendly, and completely free to download.

Input Settings & Controls

🔹 Session Settings

  • Start Time → Defines when the London breakout session starts.

  • End Time → Defines when the breakout session box is completed.

  • Session End Time → Final cutoff for session tracking.

  • 🎨 SessionColor → Highlight color of the breakout session.

  • 📅 Num Days → Number of historical days to calculate and draw boxes.


🔹 Breakout Box Settings

  • 📏 Min Box Size In Pips → Minimum size allowed for the breakout box.

  • 📏 Max Box Size In Pips → Maximum size allowed for the breakout box.

  • Limit Box To Max Size → Restrict breakout box if it exceeds max size.

  • 📌 Stick Box To Latest Extreme → Align box to latest high/low extreme.

  • Stick Box Outside SR Levels → Option to extend box outside support/resistance zones.


🔹 Target Levels (Take Profit Factors)

  • 🎯 TP1 Factor → First profit level multiplier (relative to box size).

  • 🎯 TP2_help → Helper note: TP2 = halfway between TP1 and TP3.

  • 🎯 TP3 Factor → Third profit target multiplier.

  • 🎯 TP4_help → Helper note: TP4 = halfway between TP3 and TP5.

  • 🎯 TP5 Factor → Fifth profit target multiplier.

  • ⚖️ Levels Resize Factor → Adjusts the scaling of profit levels.


🔹 Colors & Visualization

  • 🎨 BoxColorOK → Breakout box within allowed range.

  • 🎨 BoxColorNOK → Box not valid.

  • 🎨 BoxColorMAX → Box drawn at maximum size.

  • 🎨 LevelColor → Color of breakout and TP levels.

  • 🎨 ProfitColor → Highlight color for profit zone.

  • 📈 Show Profit Zone → Toggle ON/OFF profit zone display.


🔹 Extra Settings

  • 📐 FibLength → Length used for Fibonacci-based calculations.

  • 🔖 objPrefix → Prefix label for objects drawn on the chart.

Devices Supported

Device Type Operating System Compatibility with TradingView
💻 Windows Laptop/Desktop Windows XP / Vista / 7 / 8 / 8.1 / 10 / 11 ✅ Fully supported via app
🍏 MacBook / iMac macOS 10.15+ ✅ Fully supported via app
📱 Android / Mobile Android OS ❌ Not supported

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