This overlay indicator marks the New York initial balance and a configurable opening range on the price chart and reports live range statistics in two tables. It builds an IB box for a default 09:30–10:30 ET window, an ORB box from 09:30 for a set number of mi
Indicator · Pine Script v5 · On the chart
Failed Breakdown
Failed Breakdown identifies and tracks key session support levels—including overnight lows, daily lows, and afternoon lows—and detects potential failed breakdowns against them.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code244
Settings12inputs
LicenceNone stated
Last update1 year ago23 Jun 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
The indicator monitors price penetration to classify breakdowns into soft, medium, and hard categories, invalidating or confirming setups based on follow-through price action and consecutive directional candles. Users can customize point thresholds for level confirmation, session retention periods, and alert triggers for each failure type. It plots levels and status markers directly on the price chart.
- Session-based low level tracking
- Tiered failed breakdown classification
- Customizable point thresholds for level qualification
- Consecutive directional candle filtering
- Configurable session persistence limits
Details
Published by
ashwagamma on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M1-M5, M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Max days back to process | int | 7 | maxDaysBack |
| Min points to move to qualify overnight low | int | 12 | minPtsToConfirmOvernightLow |
| Min points to move to qualify daily low | int | 25 | minPtsToConfirmDailyLow |
| Min points to move to qualify afternoon low | int | 12 | minPtsToConfirmAfternoonLow |
| Number of sessions to hold overnight low | int | 1 | maxNumSessionActiveOvernightLow |
| Number of sessions to hold daily low | int | 5 | maxNumSessionActiveDailyLow |
| Number of sessions to hold afternoon low | int | 2 | maxNumSessionActiveAfternoonLow |
| Enable Soft FBD Alerts | bool | true | enSoftFBDAlerts |
| Enable Medium FBD Alerts | bool | true | enMediumFBDAlerts |
| Enable Hard FBD Alerts | bool | true | enHardFBDAlerts |
| Min bull HA candles | int | 5 | numBullHA |
| Min bear HA candles | int | 5 | numBearHA |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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