PROTECTED SOURCE SCRIPT
New London Breakout Structure by Ale
The "New London Breakout Structure" indicator is designed to identify structural breakout opportunities during the London session.
It combines market structure analysis, Change of Character (CHOCH) detection, and dynamic risk management using ATR.
MAIN FUNCTIONALITY:
• Defines a specific trading window (e.g., 04:00 to 05:00, user-adjustable).
• Identifies trend direction through recent high/low breakouts.
• Detects trend reversals with CHOCH signals.
• Applies filters to avoid very tight ranges.
• Calculates Stop Loss (SL) and Take Profit (TP) using ATR and a customizable Risk/Reward ratio.
• Visually displays entry levels, SL, TP, and the active session period on the chart.
HOW TO USE:
1. Set your desired session start and end times according to your time zone.
2. Adjust ATR length, multiplier, and R:R to match your risk profile.
3. Enable alerts to receive notifications when entry conditions are met.
RECOMMENDATIONS:
• Designed for currency pairs and high-liquidity assets.
• Works best on lower timeframes (1m to 15m) during the London session.
• This is an original, closed-source script with no third-party code reuse.
Note: The visual elements (lines and labels) are intended to help identify key zones and signals generated by the system.
It combines market structure analysis, Change of Character (CHOCH) detection, and dynamic risk management using ATR.
MAIN FUNCTIONALITY:
• Defines a specific trading window (e.g., 04:00 to 05:00, user-adjustable).
• Identifies trend direction through recent high/low breakouts.
• Detects trend reversals with CHOCH signals.
• Applies filters to avoid very tight ranges.
• Calculates Stop Loss (SL) and Take Profit (TP) using ATR and a customizable Risk/Reward ratio.
• Visually displays entry levels, SL, TP, and the active session period on the chart.
HOW TO USE:
1. Set your desired session start and end times according to your time zone.
2. Adjust ATR length, multiplier, and R:R to match your risk profile.
3. Enable alerts to receive notifications when entry conditions are met.
RECOMMENDATIONS:
• Designed for currency pairs and high-liquidity assets.
• Works best on lower timeframes (1m to 15m) during the London session.
• This is an original, closed-source script with no third-party code reuse.
Note: The visual elements (lines and labels) are intended to help identify key zones and signals generated by the system.
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。