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Premarket Breakout Painter (08:00-09:29 ET) — First Break Only

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**Pre-Market Breakout Indicator**

This indicator is designed to help traders identify and trade **pre-market breakout levels**. It automatically marks the pre-market high and low range, then extends those levels into the regular session so you can see when price breaks above or below them.

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## 🔑 **How It Works**

1. **Pre-Market Range**

* During extended hours (before the 09:30 ET open), the indicator tracks the **highest high** and **lowest low**.
* These levels form the **pre-market range**.

2. **Breakout Levels**

* At the market open, the pre-market high and low are plotted as horizontal lines.
* When price breaks above the pre-market high → potential **bullish breakout**.
* When price breaks below the pre-market low → potential **bearish breakout**.

3. **Optional Midline / VWAP**

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🎨 **Visuals**

* **Horizontal lines** marking pre-market high and low.
* Lines extend into the regular session for easy tracking.
* Colors can be customized for bullish/bearish clarity.

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⚙️ **Inputs**

* **Session Times** (default: 04:00–09:30 ET for U.S. equities).
* **Show/Hide Midline** (optional).
* **Line Styles & Colors**.
* **Alerts** (optional, e.g., alert when price crosses pre-market high or low).

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🚨 **Practical Use**

* Look for **high volume breakouts** through pre-market high/low after the bell.
* Use levels as **support/resistance** for pullback entries.
* Combine with EMA trend filters, VWAP, or market internals for confirmation.

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✅ This indicator doesn’t give buy/sell signals on its own — it’s a **visual framework** to highlight where the market may make its first decisive move of the day.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.