OPEN-SOURCE SCRIPT
TSF Nikkei 225 Range Breakout
═══════════════════════════════════════ ENGLISH ═══════════════════════════════════════
OVERVIEW A time-based intraday tool for the Nikkei 225 (JP225). It builds a reference range between 19:00 and 21:00, and then — only inside a strict 21:00–22:00 execution window — it looks for a breakout of that range confirmed on the 5-minute chart, a retest of the broken level (support/resistance flip), and a 1-minute engulfing candle as the entry trigger. Risk is fixed: stop-loss at the opposite side of the range and take-profit at 1:1. All times are in UTC-3 (Argentina) by default and are fully configurable.
HOW IT WORKS (step by step)
Reference range (19:00–21:00): the indicator captures the high and low of this period and draws it as a box.
Execution window (21:00–22:00): trades are only evaluated inside this window.
Breakout: a 5-minute close above the range high (bullish) or below the range low (bearish) marks the break, with a label and a level line.
Retest (S/R flip): price must return to the broken level before an entry is allowed.
Entry: a 1-minute engulfing candle in the breakout direction triggers the trade. The stop-loss is placed at the opposite end of the range and the take-profit at a 1:1 ratio. Entry, SL and TP zones are drawn.
Management: the position is tracked until price reaches TP or SL, and the outcome is labelled.
HOW TO USE
Apply it to the Nikkei 225 (JP225) on a 1-minute chart. It reads the 5-minute close internally for the breakout and the 1-minute candles for the entry.
Adjust the range/window sessions and the timezone to match your broker.
One setup per day, evaluated inside the 21:00–22:00 window.
USER-INTERFACE TEXT (English translation) The boxes and labels are written in Spanish. English meaning:
"Rango 19-21hs" = reference range 19:00–21:00.
"Ventana 21-22hs" = execution window 21:00–22:00.
"Ruptura 5m Alcista / Bajista" = 5-minute bullish / bearish breakout.
"COMPRA (S/R)" = Buy on the S/R flip · "VENTA (S/R)" = Sell on the S/R flip.
"TP 1:1" = take-profit at 1:1 · "SL Rango" = stop-loss at the range.
"TP ALCANZADO" = take-profit reached · "SL ALCANZADO" = stop-loss reached.
"Nivel Máximo / Mínimo" = range high / low levels.
Note: this indicator visualizes the strategy and its entries/exits on the chart; it does not place real orders. Open-source — feel free to study it and adapt it.
═══════════════════════════════════════ ESPAÑOL ═══════════════════════════════════════
Herramienta intradía por horario para el Nikkei 225 (JP225). Construye un rango de referencia entre las 19:00 y las 21:00, y solo dentro de una ventana estricta de 21:00 a 22:00 busca: una ruptura del rango confirmada en 5 minutos, un retroceso al nivel roto (flip de soporte/resistencia) y una vela envolvente de 1 minuto como gatillo de entrada. Riesgo fijo: stop-loss en el extremo opuesto del rango y take-profit 1:1. Horarios en UTC-3 (Argentina) por defecto y configurables.
CÓMO FUNCIONA
Rango (19:00–21:00): marca el máximo y el mínimo del período.
Ventana operativa (21:00–22:00): solo opera dentro de esta franja.
Ruptura: un cierre de 5m por encima del máximo (alcista) o por debajo del mínimo (bajista).
Retroceso: el precio debe volver al nivel roto antes de habilitar la entrada.
Entrada: vela envolvente de 1m en la dirección de la ruptura. SL en el extremo opuesto del rango, TP 1:1.
Gestión: sigue la posición hasta que toca TP o SL.
CÓMO USARLO Aplicalo en el Nikkei 225 (JP225) en un gráfico de 1 minuto. Ajustá los horarios y la zona horaria a tu broker. Un setup por día, dentro de la ventana de 21:00 a 22:00.
Indicador de código abierto — Trading Sin Fronteras.
OVERVIEW A time-based intraday tool for the Nikkei 225 (JP225). It builds a reference range between 19:00 and 21:00, and then — only inside a strict 21:00–22:00 execution window — it looks for a breakout of that range confirmed on the 5-minute chart, a retest of the broken level (support/resistance flip), and a 1-minute engulfing candle as the entry trigger. Risk is fixed: stop-loss at the opposite side of the range and take-profit at 1:1. All times are in UTC-3 (Argentina) by default and are fully configurable.
HOW IT WORKS (step by step)
Reference range (19:00–21:00): the indicator captures the high and low of this period and draws it as a box.
Execution window (21:00–22:00): trades are only evaluated inside this window.
Breakout: a 5-minute close above the range high (bullish) or below the range low (bearish) marks the break, with a label and a level line.
Retest (S/R flip): price must return to the broken level before an entry is allowed.
Entry: a 1-minute engulfing candle in the breakout direction triggers the trade. The stop-loss is placed at the opposite end of the range and the take-profit at a 1:1 ratio. Entry, SL and TP zones are drawn.
Management: the position is tracked until price reaches TP or SL, and the outcome is labelled.
HOW TO USE
Apply it to the Nikkei 225 (JP225) on a 1-minute chart. It reads the 5-minute close internally for the breakout and the 1-minute candles for the entry.
Adjust the range/window sessions and the timezone to match your broker.
One setup per day, evaluated inside the 21:00–22:00 window.
USER-INTERFACE TEXT (English translation) The boxes and labels are written in Spanish. English meaning:
"Rango 19-21hs" = reference range 19:00–21:00.
"Ventana 21-22hs" = execution window 21:00–22:00.
"Ruptura 5m Alcista / Bajista" = 5-minute bullish / bearish breakout.
"COMPRA (S/R)" = Buy on the S/R flip · "VENTA (S/R)" = Sell on the S/R flip.
"TP 1:1" = take-profit at 1:1 · "SL Rango" = stop-loss at the range.
"TP ALCANZADO" = take-profit reached · "SL ALCANZADO" = stop-loss reached.
"Nivel Máximo / Mínimo" = range high / low levels.
Note: this indicator visualizes the strategy and its entries/exits on the chart; it does not place real orders. Open-source — feel free to study it and adapt it.
═══════════════════════════════════════ ESPAÑOL ═══════════════════════════════════════
Herramienta intradía por horario para el Nikkei 225 (JP225). Construye un rango de referencia entre las 19:00 y las 21:00, y solo dentro de una ventana estricta de 21:00 a 22:00 busca: una ruptura del rango confirmada en 5 minutos, un retroceso al nivel roto (flip de soporte/resistencia) y una vela envolvente de 1 minuto como gatillo de entrada. Riesgo fijo: stop-loss en el extremo opuesto del rango y take-profit 1:1. Horarios en UTC-3 (Argentina) por defecto y configurables.
CÓMO FUNCIONA
Rango (19:00–21:00): marca el máximo y el mínimo del período.
Ventana operativa (21:00–22:00): solo opera dentro de esta franja.
Ruptura: un cierre de 5m por encima del máximo (alcista) o por debajo del mínimo (bajista).
Retroceso: el precio debe volver al nivel roto antes de habilitar la entrada.
Entrada: vela envolvente de 1m en la dirección de la ruptura. SL en el extremo opuesto del rango, TP 1:1.
Gestión: sigue la posición hasta que toca TP o SL.
CÓMO USARLO Aplicalo en el Nikkei 225 (JP225) en un gráfico de 1 minuto. Ajustá los horarios y la zona horaria a tu broker. Un setup por día, dentro de la ventana de 21:00 a 22:00.
Indicador de código abierto — Trading Sin Fronteras.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.