Boxline (Range Breakout)

Category: market_structure, volatility

Identifies price consolidation zones by tracking High-Low ranges until a breakout (close outside range) occurs, visualizing them as rectangles on the chart.

Formula

BoxRange = [Min(Low_k...i), Max(High_k...i)] where Box resets when Close_i > Max or Close_i < Min

Inputs

• showBoxes (default: true)
• hcolor (default: clrLightBlue)
• lcolor (default: clrLightPink)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.