Asia Range Breakout Table (Narrowness)

Asia Range Breakout Table (Narrowness)

Overview
The Asia Range Breakout Table (Narrowness) is a professional trading tool designed to analyze and display range characteristics across key Asian trading sessions. This indicator provides real-time visual feedback on market range narrowness, helping traders identify potential breakout opportunities based on historical range comparisons. Better to use in M5 or M15 timeframe.

Key Features
- Multi-Session Analysis : Tracks 6 crucial Asian market sessions:
- ORB Pre (Tokyo Pre-open)
- ORB First (Tokyo First)
- Sydney Box
- Tokyo Launch Box
- 2nd Session Pre-Open
- 2nd ORB (Tokyo 2nd Session)

- Historical Comparison : Compares current session ranges against 44 days of historical data
- Visual Color Coding :
- 🟢 Narrowest (<10%) - Extremely compressed ranges
- 🟢 Narrow (10-59%) - Below average ranges
- 🟣 Normal (60-79%) - Typical range behavior
- 🔴 Wide (≥80%) - Expanded range conditions

- Customizable Display : Adjustable table position and text size
- Session Toggle : Enable/disable individual sessions based on your trading focus

How It Works
The indicator calculates the high-low range for each defined session and ranks it against historical data using percentile analysis. This helps traders quickly identify:
- Unusually narrow ranges that may indicate impending breakouts
- Expanded ranges suggesting increased volatility
- Normal range behavior for context

Use Cases
- Breakout Trading : Identify sessions with compressed ranges for potential breakout setups
- Volatility Assessment : Gauge market conditions across different Asian sessions
- Session Analysis : Understand range behavior during specific market hours
- Risk Management : Adjust position sizing based on range characteristics

Input Parameters
- Session Toggles : Enable/disable individual session tracking
- Table Position : Choose from four corner positions
- Text Size : Adjust table readability (Tiny, Small, Normal, Big)

Ideal For
- Asian session traders
- Breakout strategy enthusiasts
- Volatility analysis
- Multi-timeframe analysts
- Professional and retail traders focusing on Asian markets



Disclaimer
This tool is for educational and informational purposes only. Past performance is not indicative of future results. Always conduct your own research and risk management before trading.