Breakout Scanner [Europe]

🚀 Breakout Scanner [Europe] - Situational Analysis Mastery

Professional Breakout & Trend-Following Strategy Based on Tom Hougaard's Situational Analysis

🎯 WHAT IS THIS INDICATOR?
A sophisticated multi-timeframe breakout scanner designed for European trading sessions, implementing the powerful "Situational Analysis" methodology from renowned trader Tom Hougaard. This professional tool identifies high-probability breakout opportunities with comprehensive filter systems to ensure quality signals.

⭐ KEY FEATURES

🏛️ SESSION-BASED TRADING
- European Overnight Range
- London Pre-Open & First Breakouts
- Tokyo Box & London Launch Sessions
- Smart Session Detection with Auto-DST

🎯 ENHANCED CONDITIONS
- School Run Strategy (SRS) by Tom Hougaard
- Anti-SRS Filter** for counter-trend opportunities
- Session-specific logic for optimal entry timing

🛡️ ADVANCED FILTER SYSTEMS
- Heiken Ashi Momentum Confirmation
- EMA 200 Trend Filter
- Ichimoku Baseline & Divergence
- RSI Threshold Filter
- ATR Volatility Filter
- Multi-timeframe Compatibility

⚡ SMART ALERTS & VISUALS
- Multi-timeframe Alert Confirmation
- Breakout Size Detection (Beyond/Within Range)
- Take Profit Levels with ATR Calculation
- Customizable Visual Markers
- Enhanced Alert Messages with Filter Status

📈 OPTIMIZED FOR
- GERMAN DAX ⚡
- OIL & GOLD 🛢️
- NIKKEI 🇯🇵
- US30 & NASDAQ 🇺🇸
- All Major Indices & Commodities

🔧 CORE STRATEGY PHILOSOPHY

This indicator embodies Tom Hougaard's Situational Analysis approach :
- Identify the Situation : Market context through session analysis
- Define the Action : Clear breakout levels and ranges
- Execute with Precision : Filtered, high-quality signals
- Manage the Trade : Built-in TP levels and size detection

🎨 CUSTOMIZATION OPTIONS

Session Management
- Toggle individual trading sessions
- Smart session auto-disable with SRS/Anti-SRS
- Customizable session times

Filter Controls
- Enable/disable all filter systems independently
- Adjustable timeframe for each filter
- Custom threshold settings

Visual Preferences
- Heiken Ashi overlay display
- Breakout marker styles and colors
- TP line customization
- Debug information panel

📊 HOW TO USE

1. SETUP : Apply to your preferred instrument (DAX, Oil, Gold, etc.)
2. CONFIGURE : Enable your preferred sessions and filters
3. MONITOR : Watch for breakout markers during active sessions
4. EXECUTE : Enter on confirmed breakouts with filter alignment
5. MANAGE : Use built-in TP levels or your own risk management

⚠️ RISK DISCLAIMER
This indicator is for educational and informational purposes only. Trading involves substantial risk and is not suitable for every investor. Always practice proper risk management and backtest strategies before live trading. Past performance is not indicative of future results.

🔒 TECHNICAL SPECIFICATIONS
- Platform : TradingView Pine Script v6
- Compatibility : All timeframes
- Markets : Forex, Indices, Commodities, Stocks
- Updates : Regular improvements and bug fixes

📞 SUPPORT & UPDATES
Regular updates based on user feedback and market changes. For suggestions or issues, please comment on the publication.

⭐ If this indicator helps your trading, please like and follow for more advanced tools! ⭐

Why Traders Love This Indicator:
✅ Comprehensive Filter System reduces false signals
✅ Session-Based Logic aligns with professional trading hours
✅ Multiple Timeframe Analysis for confirmation
✅ Customizable for Any Trading Style
✅ Professional-Grade Risk Management Tools

Boost your breakout trading profitability with institutional-grade session analysis!
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