//@version=5
strategy("Results Session Breakout Strategy", overlay=true, initial_capital=100000, default_qty_type=strategy.percent_of_equity, default_qty_value=10)

// Inputs
volLength      = input.int(20, title="Volume MA Period", minval=1)
volMult        = input.float(2.0, title="Volume Spike Multiplier", minval=1.0, step=0.1)
atrLength      = input.int(14, title="ATR Period", minval=1)
atrMult        = input.float(1.5, title="Range ATR Multiplier", minval=0.5, step=0.1)
breakoutLength = input.int(10, title="Breakout Lookback Period", minval=1)
slAtrMult      = input.float(1.5, title="Stop Loss (ATR Multiplier)", minval=0.1, step=0.1)
tpAtrMult      = input.float(3.0, title="Take Profit (ATR Multiplier)", minval=0.1, step=0.1)

// Indicator Calculations
avgVolume   = ta.sma(volume, volLength)
volSpike    = volume > (avgVolume * volMult)
atrVal      = ta.atr(atrLength)
barRange    = high - low
volExp      = barRange > (atrVal * atrMult)

highestHigh = ta.highest(high, breakoutLength)[1]
lowestLow   = ta.lowest(low, breakoutLength)[1]

// Setup Conditions
longCondition  = volSpike and volExp and (close > open) and (close > highestHigh)
shortCondition = volSpike and volExp and (close < open) and (close < lowestLow)

// Trade Execution
if (longCondition)
    stopLoss   = close - (atrVal * slAtrMult)
    takeProfit = close + (atrVal * tpAtrMult)
    strategy.entry("Long", strategy.long)
    strategy.exit("Exit Long", "Long", stop=stopLoss, limit=takeProfit)

if (shortCondition)
    stopLoss   = close + (atrVal * slAtrMult)
    takeProfit = close - (atrVal * tpAtrMult)
    strategy.entry("Short", strategy.short)
    strategy.exit("Exit Short", "Short", stop=stopLoss, limit=takeProfit)

// Visualizations
plot(highestHigh, title="Breakout High Level", color=color.green, linewidth=1)
plot(lowestLow, title="Breakout Low Level", color=color.red, linewidth=1)

plotshape(longCondition, title="Earnings Bullish Breakout", style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small)
plotshape(shortCondition, title="Earnings Bearish Breakdown", style=shape.triangledown, location=location.abovebar, color=color.red, size=size.small)