Range Breakout Matrix [SuperCharting]

A Pine Script indicator by jayadev.

Detects tight ranges where the high-low span is small compared with ATR, boxes them while they build, then marks the breakout with a target equal to the range height. The box turns cyan on an upside break and pink on a downside break.

Settings: range length, tightness, colours. Alerts on both breakouts.

Test it free on supercharting.com