🔘 Is a simple indicator that makes it easier for intraday traders to make daily decisions. 🔘 The concept is simple. 🔘 Between 9am - 9.30am (default value) I call this the Time Range (TR). 🔘 This TR time is also the time where traders (the day before) selling their shares. 🔘 After this period, usually new traders will take their position and look for entries.
🔸 If the next candle does not close below this TR lowest price. then there is a possibility the candle will move upwards. 🔸 If the next candle is higher than the high candle from TR, the candle will most likely make a Breakout (BO) & the daily candle will form a green candle / marobozu. = background will turn green 🔸 The background will turn yellow, if the close candle at the end of the session is equal to the open price
🔘 This Indi only applies for timeframes (TF) lower than Daily (Ex: TF4hour, TF1hour, TF30min, TF15min, 1min etc). 🔘 It is recommended to use this indi in TF1 minutes, so that it works like a tick chart on the trading platform.