London Structure Breakout

London Breakout Structure | by Ale

This indicator automates the London Breakout concept using real session timing and structure-based entries.
It defines a custom time window (default 4:00–5:00 AM) to detect early breakouts after the Asian session.

The script identifies short-term structure shifts using the highest and lowest points of the last 5 candles, marking bullish or bearish transitions.
Once the session begins, it waits for a valid breakout candle to close, then plots potential entry levels with automatic Stop Loss and Take Profit based on ATR and Risk/Reward ratio.

🔹 Key Features:

Detects CHOCH/BOS using swing highs/lows.

Works on any symbol and timeframe (best on 15m).

Customizable session hours.

Auto SL/TP calculation using ATR.

Alerts for Buy and Sell signals.

How to use:

Set your local London session start time.

Wait for the breakout candle after the defined window.

The indicator will plot Entry, SL, and TP levels automatically.

Optional: enable alerts for real-time notifications.

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