8:15 AM 15-min Candle Box on 5-min Chart with TP and SL

The “8:15 AM 15-min Candle Box on 5-min Chart with TP and SL” indicator is a custom-built Pine Script tool for breakout trading strategies, particularly tailored for assets like NASDAQ Futures (NAS100) during the U.S. market pre-open.

🔍 What It Does:
Tracks the 8:15–8:30 AM Central Time (CDT) Candle:

It marks the high and low of the 15-minute candle that starts at 8:15 AM (CDT).

The box visually outlines this price range.

Draws a Breakout Box:

At 8:30 AM, a box is drawn from the 8:15 candle’s high and low.

The box stretches forward 8 hours into the session, helping you visualize price interaction with that range.

Detects Breakouts:

If the price closes above the high, it signals a buy breakout.

If it closes below the low, it signals a sell breakout.

Automatically Calculates TP and SL:

Take Profit (TP): 50 pips from the breakout level in the direction of the trade.

Stop Loss (SL): 40 pips in the opposite direction.

Pips are calculated using the symbol’s minimum tick size.

Color Feedback:

Box turns green on a buy breakout, red on a sell breakout.

If TP is reached, the box turns black.

If SL is hit, the box turns purple.

🧠 Why Use This Indicator:
Perfect for pre-market breakout traders who want a visual confirmation of price action around the U.S. market open.

Provides a clear entry range, trade direction, and risk/reward visual cue.

No manual drawing — everything is automated daily based on reliable timing.

Would you like a version with alerts or plotted TP/SL lines as well?