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This indicator highlights overnight setups where both volatility expansion and prior-day range deviation suggest directional opportunity at the RTH open.
It calculates:
• Overnight Z-Score (Z_long): how far the overnight session’s range tilts from the 20-day overnight mean, standardized by its standard deviation.
• VolRatio: ratio of the current RTH session volume to the 20-day average, a proxy for participation and conviction.
Signal Logic (LONG bias)
A long-bias condition triggers when:
• Z_long ≥ 0.40 (overnight tilt strongly positive)
• VolRatio ≥ 1.30 (above-average RTH volume)
• Optional filters: R1/R4 region alignment, YDH/YDL proximity, and other context flags.
Visuals mark qualifying days with colored labels and session highlights.
It is intended as a context signal — not an auto-trading system — for SPY/SPX/ES or correlated large-cap indices.
Usage Notes
• Works best when applied to daily or intraday 5m chart with extended hours enabled.
• Typical exit: ~150 minutes after 09:30 ET.
• Fridays are optionally excluded to avoid expiration-related distortions.
It calculates:
• Overnight Z-Score (Z_long): how far the overnight session’s range tilts from the 20-day overnight mean, standardized by its standard deviation.
• VolRatio: ratio of the current RTH session volume to the 20-day average, a proxy for participation and conviction.
Signal Logic (LONG bias)
A long-bias condition triggers when:
• Z_long ≥ 0.40 (overnight tilt strongly positive)
• VolRatio ≥ 1.30 (above-average RTH volume)
• Optional filters: R1/R4 region alignment, YDH/YDL proximity, and other context flags.
Visuals mark qualifying days with colored labels and session highlights.
It is intended as a context signal — not an auto-trading system — for SPY/SPX/ES or correlated large-cap indices.
Usage Notes
• Works best when applied to daily or intraday 5m chart with extended hours enabled.
• Typical exit: ~150 minutes after 09:30 ET.
• Fridays are optionally excluded to avoid expiration-related distortions.
Nota Keluaran
This indicator highlights overnight setups where both volatility expansion and prior-day range deviation suggest directional opportunity at the RTH open.It calculates:
• Overnight Z-Score (Z_long): how far the overnight session’s range tilts from the 20-day overnight mean, standardized by its standard deviation.
• VolRatio: ratio of the current RTH session volume to the 20-day average, a proxy for participation and conviction.
Signal Logic (LONG bias)
A long-bias condition triggers when:
• Z_long ≥ 0.40 (overnight tilt strongly positive)
• VolRatio ≥ 1.30 (above-average RTH volume)
• Optional filters: R1/R4 region alignment, YDH/YDL proximity, and other context flags.
Visuals mark qualifying days with colored labels and session highlights.
It is intended as a context signal — not an auto-trading system — for SPY/SPX/ES or correlated large-cap indices.
Usage Notes
• Works best when applied to daily or intraday 5m chart with extended hours enabled.
• Typical exit: ~150 minutes after 09:30 ET.
• Fridays are optionally excluded to avoid expiration-related distortions.
Nota Keluaran
Removed "Pulse now" lineSkrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.