NY Open Market Condition Analyzer – TTR & RI

semalam

NY Open Market Condition Analyzer – TTR & RI

Built for MNQ/NQ futures scalpers, this indicator filters out weak sessions and highlights when conditions at the **New York Open (6:30–8:30AM PST)** align with high-probability setups.

📊 Core Strategy Filters

• TTR = Total Trading Range (2:00–6:30AM PST premarket movement)
  
• RI = Reactive Impulse (first 5-minute candle size)
  
• VWAP Clearance = directional clarity
  

🎯 Primary Objective
This tool helps you:

• Skip indecisive sessions (often Mondays/Fridays)
  
• Trade only when structural volatility and momentum support your scalping edge
  
• Save mental capital by confirming setup quality *before* taking trades
  

✅ Features
🧠 Smart Session Filter

• Automatically scans for 3 key signals:
  
• - Premarket Range ≥ customizable threshold (default: 15 points)
  
• - Opening Candle Impulse ≥ customizable threshold (default: 10 points)
  
• - Price Distance from VWAP ≥ customizable threshold (default: 5 points)
  

🎨 Visual Feedback

• Background Color
  
• - 🟩 Green = Strong Session (GOOD SETUP)
  
• - 🟥 Red = Weak Structure (SKIP)
  
• Labels & Shapes** at 6:30AM PST
  

📋 Dashboard Panel (6:30AM PST)
Displays key live metrics:

• Premarket Range
  
• First 5-minute Candle Body Size
  
• VWAP Distance
  
• Overall Setup Signal (✅ or ⚠️)
  

🔔 Real-Time Alert System
Get notified right at the NY open if a “GOOD SETUP” is detected.

🛠️ Configurable Settings

• 🔧 Minimum Premarket Range
  
• 🔧 Minimum Candle Body Size
  
• 🔧 Minimum VWAP Distance
  
• 🎨 Custom Colors for:
  
• - Session Quality
  
• - Dashboard
  
• - VWAP / Range Lines
  

🔔 How to Add the Alert

1. Load this script on your MNQ chart.
   
2. Click the **"Alerts" tab** (🔔 icon on the right sidebar).
   
3. Click **"+ Create Alert"**.
   
4. For **Condition**, select:
   
5. - `NY Open Market Condition Analyzer – TTR & RI` → `Good Setup Alert`
   
6. Set **Alert Action** (app push, email, webhook, etc.)
   
7. Set **"Only Once Per Bar"** to ensure you’re only notified once at 6:30AM PST.
   

🧪 Best For

• NQ/MNQ scalpers using 1R setups (10–30pt targets)
  
• Traders who want to avoid Mondays/Fridays unless structure proves otherwise
  
• Structure-first discretionary or semi-systematic traders
  

🧠 Pro Tip
Pair this with:

• Session VWAP
  
• Pre-market S/R zones
  
• Opening Range Breakout strategies
  

This tool ensures you’re only hunting on the right terrain.

semalam

Nota Keluaran

NY Open Market Condition Analyzer – TTR & RI

Built for MNQ/NQ futures scalpers using 1-minute charts, this indicator evaluates premarket structure and NY Open momentum — then gives a definitive signal once the opening impulse has fully formed.

📊 Core Strategy Filters

• TTR = Total Trading Range (2:00–6:30AM PST premarket movement)
  
• RI = Reactive Impulse (custom 5-minute candle from 6:30–6:34AM PST)
  
• VWAP Clearance = directional clarity
  

🎯 Primary Objective
This tool helps you:

• Avoid choppy or indecisive NY sessions (especially Mondays and Fridays)
  
• Confirm setup quality using structure and impulse, not guesswork
  
• Focus only on sessions that support short-term scalping edge
  

✅ Features

🧠 Smart Open Filter

• Evaluates the NY Open setup once per day at 6:34AM PST — after the first five 1-minute candles complete
  
• Freezes setup verdict (no shifting signals)
  
• Avoids misleading pre-6:30 visual cues
  

🎨 Visual Feedback

• 📦 Green or Red Session Box from 6:30–6:34AM PST
  
• 🏷 “GOOD SETUP” or “SKIP SESSION” label above price
  
• 📊 Dashboard panel with premarket range, impulse size, and VWAP distance
  
• 🛠️ Optional debug label showing which condition(s) failed
  

📋 Evaluation Metrics (6:34AM PST)

• Premarket Range ≥ customizable threshold (default: 15 pts)
  
• First 5-min Candle Body Size ≥ customizable threshold (default: 10 pts)
  
• VWAP Distance ≥ customizable threshold (default: 5 pts)
  

🔔 Real-Time Alert System
Get notified as soon as a strong NY Open setup is confirmed — at 6:34AM PST.

🛠️ Configurable Settings

• 🔧 Minimum Premarket Range
  
• 🔧 Minimum Candle Body Size
  
• 🔧 Minimum VWAP Distance
  
• 🎨 Custom Colors for:
  
• - Session Quality Box
  
• - Labels
  
• - Dashboard Panel
  
• - Premarket Range Lines
  
• ✅ Enable/Disable Debug Mode
  

🔔 How to Add the Alert

1. Load this script on your MNQ chart (1-minute resolution)
   
2. Click the Alerts tab (🔔 icon)
   
3. Click + Create Alert
4. For Condition, choose:
   
5. - NY Open Market Condition Analyzer – TTR & RI → Good Setup Alert
6. Choose your preferred alert type (push, webhook, email)
   
7. Set to “Only Once Per Bar Close” to avoid duplicates
   

🧪 Best For

• MNQ/NQ scalpers trading the NY Open using 1R setups (10–30pt targets)
  
• Discretionary traders who want to skip low-structure days
  
• Anyone seeking daily trade confidence rooted in real structural signals
  

🧠 Pro Tip
Pair with:

• Opening Range Breakout strategies
  
• Pre-market support/resistance mapping
  
• VWAP slope confirmation
  

This tool gives you one clear read per day — when it says “GO,” your edge is likely active.