20 SMA Break FLOW

This script is a full 20-SMA breakout + R-multiple playbook with context:

20 SMA Channel: Plots a 20-period SMA High and Low, fills the channel between them for a clear visual “belt” around price.

Breakout Entries:

Long: waits for a bar to close above the 20 SMA High, then arms that bar’s high as the trigger.

A long entry signal prints when a later bar’s close is above that trigger high.

Short: mirror logic using the 20 SMA Low and trigger low.

Stops & R-Multiples: On entry it auto-sets stop at the opposite end of the trigger bar, calculates 1R/2R/3R price levels, and plots those lines on the chart.

R Labels & Info Panel: Draws “SL / 1R / 2R / 3R” labels at entry, and a top-right panel showing:

Current R (live P&L in R)

Entry & SL prices

Max R reached

Drawdown from peak R

ONH/ONL: Tracks and plots the overnight high and low from 18:00–09:29 as horizontal reference lines into RTH.

SHA Trend Filter: Adds smoothed Heikin-Ashi background coloring and optional SHA candles as a directional/volatility filter.

Alerts:

Long/short entry alerts when the close breaks the trigger bar high/low

Target alerts when 1R, 2R, or 3R are hit for either direction.