Institutional Compression Breakout (ICBO Algo) [@darshakssc]

The ICBO Algo is a smart intraday trading tool that detects institutional compression zones followed by breakout confirmation. It combines candle range analysis, volume compression, EMA filtering, and ATR-based Risk/Reward zones to highlight high-probability trade setups with visual clarity.

This script is designed for educational and research purposes only, fully aligned with TradingView’s Pine Script policy and publishing guidelines.

🔍 Key Features

🌀 Compression Zone Detection
Identifies low-range, low-volume candles often formed before institutional breakouts.

📈📉 Breakout Signals
Triggered after confirmed price + EMA breakout post-compression.

📊 Dashboard Panel
Displays breakout phase, current R:R ratio, and zone status in real-time.

🟢🔴 Buy/Sell Labels with Emojis
Clean and non-intrusive labels for immediate action recognition.

🔔 Alerts Included
Receive real-time push, email, or webhook alerts for breakout signals.

⚙️ How It Works

Compression Phase:
When the candle range and volume are significantly lower than the moving average, the script flags it as a compression zone.

Breakout Confirmation:
A breakout signal is confirmed when the price breaks the previous high/low and is above/below the trend EMA.

Entry Logic:
📈 Buy: Price > previous high + above EMA after compression
📉 Sell: Price < previous low + below EMA after compression

⚠️ Disclaimer
This script is intended for educational and research purposes only. It does not constitute financial advice or recommendations of any kind. Always use proper risk management. Past performance does not guarantee future results.