TradeSmart Morning Glory

22 Apr

The Morning Glory Indicator by TradeSmart University is a pre-market volume visualization tool designed to help traders quickly assess the quality of a morning gap. By highlighting volume levels before the market opens, this indicator helps distinguish between a professional gap (likely to continue running) and a retail/news-driven gap (likely to fade or reverse).

💡 What It Does:
This indicator plots color-coded volume bars in the pre-market session and highlights when volume crosses two key thresholds:

• Teal Bars – Low institutional interest
  
• Yellow Bars – Medium institutional interest (100K+ volume)
  
• Red Bars – High institutional interest (400K+ volume)
  

These thresholds are most effective on SPY and other high-volume ETFs or stocks, but may be customized to fit your trading style. Consider using a 15-minute chart for the above settings.

🧠 How to Use It:
This indicator works best in conjunction with the Morning Glory Strategy and Qualified Trade Setup. On its own, the indicator gives a real-time read on pre-market strength, helping you:

• Confirm gap-and-go setups (gap + high volume = likely continuation)
  
• Fade the gap (gap + low volume = higher likelihood of reversal)
  

While the indicator focuses exclusively on volume, the full Morning Glory strategy adds an important price gap size filter to create powerful trade signals.

📊 Probabilities of Success (Based on Full Strategy):
When used as part of the Morning Glory Qualified Trade Setup, here are the historical win rates by day of the week:

• Monday: 65%
• Tuesday: 77%
• Wednesday: 79%
• Thursday: 82%
• Friday: 78%

If used in conjunction with an artificial intelligence like the Deep Sky Trading Assistant™, win-loss ratios improve to 89% or better across all days of the week.

🔔 Note: For best results, activate premium ARCA data on your TradingView account. This ensures the most accurate and complete pre-market volume data.

22 Apr

Nota Keluaran

The Morning Glory Indicator by TradeSmart University is a pre-market volume visualization tool designed to help traders quickly assess the quality of a morning gap. By highlighting volume levels before the market opens, this indicator helps distinguish between a professional gap (likely to continue running) and a retail/news-driven gap (likely to fade or reverse).

💡 What It Does:
This indicator plots color-coded volume bars in the pre-market session and highlights when volume crosses two key thresholds:

• Teal Bars – Low institutional interest
  
• Yellow Bars – Medium institutional interest (100K+ volume)
  
• Red Bars – High institutional interest (400K+ volume)
  

These thresholds are most effective on SPY and other high-volume ETFs or stocks, but may be customized to fit your trading style. Consider using a 15-minute chart for the above settings.

🧠 How to Use It:
This indicator works best in conjunction with the Morning Glory Strategy and Qualified Trade Setup. On its own, the indicator gives a real-time read on pre-market strength, helping you:

• Confirm gap-and-go setups (gap + high volume = likely continuation)
  
• Fade the gap (gap + low volume = higher likelihood of reversal)
  

While the indicator focuses exclusively on volume, the full Morning Glory strategy adds an important price gap size filter to create powerful trade signals.

📊 Probabilities of Success (Based on Full Strategy):
When used as part of the Morning Glory Qualified Trade Setup, here are the historical win rates by day of the week:

• Monday: 65%
  
• Tuesday: 77%
  
• Wednesday: 79%
  
• Thursday: 82%
  
• Friday: 78%
  

If used in conjunction with an Artificial Intelligence like the Deep Sky Trading Assistant, win-loss ratios improve to 89% or better across all days of the week.

🔔 Note: For best results, activate premium ARCA data on your TradingView account. This ensures the most accurate and complete pre-market volume data.

22 Apr

Nota Keluaran

This update adds error handling for non-intraday timeframes.