Low Volatility Range Breakout (Strategy)

Here is a professional and engaging description for your strategy, optimized for the TradingView community. You can paste this directly into the "Description" box when publishing.

Low Volatility Range Breakout Strategy (V6)
Overview
This strategy is built on the principle that volatility is cyclical. It identifies periods of extreme market "compression" (low volatility) where price consolidates within a tight range, and attempts to capture the "expansion" (breakout) that typically follows.

By filtering for both price range and candle body size, it ensures that only high-quality consolidation zones are traded.

How It Works
The strategy operates in three distinct phases:

Detection (The Squeeze): It monitors the True Range (TR) and Candle Bodies. If they fall below a specific multiplier of their moving average, the script identifies "Low Volatility" bars.

Validation (The Range): A "Price Box" is formed if a minimum number of bars (Min Bars) stay within a tight volatility threshold. It even allows for a few "noise" bars (Gaps) to keep the range valid during minor spikes.

Execution (The Breakout): * Long Entry: Triggered when the price breaks above the range high, provided the price is also above the Dynamic EMA.

Short Entry: Triggered when the price breaks below the range low, provided the price is also below the Dynamic EMA.

Key Features
Dual Volatility Filters: Uses both ATR-based and Body-size-based filters to find truly "quiet" markets.

Trend Alignment: The integrated Dynamic EMA ensures you are always trading in the direction of the immediate trend, reducing "fakeout" risks.

Robust Risk Management:

Fixed % Stop Loss: Automatically places a protection level at a user-defined percentage.

EMA Trailing Exit: Uses the EMA as a trailing stop to let winning trades run until the trend shifts.

Fully Customizable Visuals: High-quality on-chart boxes and labels to identify range zones and breakout signals clearly.

How to Use
Timeframes: Best suited for 15m, 1h, and 4h charts where consolidation patterns are more reliable.

Assets: Works well on Forex, Crypto, and Stocks that exhibit clear trending behavior after consolidation.

Optimization Tip: Adjust the Volatility Window and Min Bars based on the asset's typical behavior. For example, use a higher Min Bars count for slower-moving stocks.

Disclaimer
No strategy is foolproof. This tool is designed to identify high-probability breakout setups, but users should always practice proper position sizing and risk management.