Range + Breakout/Breakdown + Box [Sharad] v5

🔷 Range + Breakout/Breakdown + Box [Sharad]

This indicator is designed to detect consolidation ranges and highlight potential breakouts (up) or breakdowns (down) when price escapes those ranges.
It automatically draws a rectangle box over the detected range, making it easier to visualize sideways price action and potential coil patterns.

✨ Features

Detects range conditions based on:

Range width (as % of price and/or relative to ATR).

Consecutive bar count inside range.

Optional ADX filter for trend strength.

Highlights Breakout Up and Breakdown Down with on-chart markers.

Draws a box around the range that persists until the range ends.

Built-in TradingView alerts:

Range Detected

Breakout Up

Breakdown Down

Customizable inputs for sensitivity, buffer, and visualization.

⚠️ Warnings & Disclaimer

This tool is for educational and research purposes only.

It does NOT provide financial advice, trade recommendations, or guaranteed results.

Market conditions can invalidate signals; false breakouts are common.

Always backtest before using in live trading.

Use strict risk management (stop-loss, position sizing, risk–reward planning).

You are fully responsible for any trades taken using this indicator.

👉 Use at your own risk. Neither the author nor TradingView accepts liability for financial loss or damages.