Breakout Trading with RSI and ATR Enhancements 2.0 MENA

Title: Breakout Trading with RSI and ATR Enhancements
Description:
This script combines key technical analysis tools, including RSI, ATR, and moving averages, to provide breakout trading signals with enhanced precision. Designed for traders who want to capture market breakouts while filtering false signals, this script integrates the following components:

ATR-Based Breakout Levels:
The script calculates upper and lower breakout levels using the Average True Range (ATR). These levels are dynamically adjusted to reflect recent volatility, helping traders identify potential price breakout zones.

RSI Signals (Buy and Sell):

RSI Buy Signal: The script identifies oversold conditions (RSI < 30) in an uptrend, confirmed by price trading above the longer-term moving average (200-period SMA).
RSI Sell Signal: The script identifies overbought conditions (RSI > 70) in a downtrend, confirmed by price trading below the longer-term moving average.
These signals help traders detect potential reversals and avoid trading against the trend.
Moving Average Crossovers:
Short-term and long-term moving averages are included to detect momentum shifts. The crossover of a short-period MA (9) and a long-period MA (21) acts as an additional confirmation for entry and exit points.

Custom Alerts for Breakouts and RSI Signals:
Alerts are built into the script, enabling traders to receive real-time notifications for breakout levels or when RSI-based buy/sell conditions are met.

How It Works:
The script uses ATR to determine dynamic breakout zones based on the highest resistance and lowest support within a specified lookback period.
The RSI-based signals are filtered using the 200-period moving average, ensuring signals align with the dominant trend.
Moving average crossovers provide additional confirmation for trend reversals.
How to Use:
Breakout Trading: Monitor the breakout levels plotted on the chart (green for upper and red for lower levels). Enter a trade when the price crosses these levels and aligns with the trend.
RSI Signals: Look for RSI Buy/Sell labels on the chart to identify potential entry and exit points. These signals are filtered to avoid whipsaws in trending markets.
Alerts: Set custom alerts for breakout levels or RSI signals using the built-in alert conditions for seamless trading.
Why It’s Useful:
This script combines volatility-based breakout detection with trend-following RSI signals, providing a robust framework for breakout traders. By filtering signals based on moving averages and ATR levels, it minimizes noise and helps traders focus on high-probability setups.

Note:
This script is designed for educational purposes and should be used alongside proper risk management and additional analysis.