Range Break v1 - Session Bias + Scale Outs — Strategy by davidhowellsemail

By davidhowellsemail

Performance Metrics

Description

Range Break Strategy – Session-Biased Breakout ModelOverviewThis strategy is a session-aware range breakout system designed to capture expansion moves when global market activity aligns across major trading sessions.Instead of trading every breakout, the system uses inter-session price behavior to determine whether the market is more likely to trend or remain range-bound.The model evaluates three key sessions:Asia session – establishes early structureLondon session – reveals directional intentNew York session – provides liquidity for expansionWhen conditions align, the strategy trades a breakout of a defined price range in the direction of the dominant session bias.Core ConceptMost breakout systems fail because they treat every breakout equally.This strategy attempts to solve that problem by asking two questions:Is the market showing directional intent across sessions?Is price breaking an important structural range in that same direction?Trades are only taken when both conditions are satisfied.Session Confirmation LogicThe strategy analyzes how the London session behaves relative to the Asia session.The goal is to determine whether London has established a dominant directional move or whether the market remains balanced.The model evaluates:London directional strength relative to the Asia rangeWhether London closed outside the Asia rangeVolatility regime conditions between sessionsThese rules create a bullish or bearish session bias.Bullish BiasConditions suggest buyers are in control.The strategy will only consider long breakouts.Bearish BiasConditions suggest sellers are in control.The strategy will only consider short breakouts.NeutralIf session behavior is unclear, the system can optionally avoid trading.Range Break EngineOnce the directional bias is established, the strategy waits for price to break a key range.The range can be selected by the user:New York Opening RangeAsia session rangeLondon session rangeA breakout of this range signals a potential volatility expansion move.Entry ModelsThree breakout entry models are included:Direct BreakTrade immediately when price breaks the range boundary.This is the classic breakout approach.Retest BreakWait for price to break the range, pull back toward the breakout level, then break again.This helps filter false breakouts.Sweep Then BreakRequire a liquidity sweep of the opposite side of the range before the breakout occurs.This model attempts to capture stop-run reversals that lead to strong directional moves.Risk ManagementThe strategy includes several configurable risk controls.Stop Placement OptionsStops can be placed relative to:Opposite side of the breakout rangeMidpoint of the rangeOpposite session extremeFixed distanceScaling OutPositions can be scaled out using up to three targets:TP1TP2TP3Targets can be defined using:R-multiple risk unitsFixed price distancesBreak-Even LogicAfter TP1 is reached, the stop can automatically move to the entry price to protect remaining position size.Trade ManagementAdditional controls include:One trade per day optionOptional VWAP confirmationRange size filtersForced position closure at a specific timeThese features allow the system to adapt to different markets and volatility environments.Intended UseThis script is designed primarily for research and systematic strategy development.It can be used to study:Session-based market structureBreakout continuation behaviorLiquidity sweep patternsVolatility expansion across global trading sessionsThe framework is intentionally modular so that traders can test different combinations of:session bias filtersrange definitionsbreakout modelsrisk management approachesImportant NoteThis script is provided for educational and research purposes only. It is not financial advice and should not be used for live trading without proper testing and risk management.

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