OPEN-SOURCE SCRIPT
FDAX Marrell
FDAX ONR + Range/Trend Confirm + 15m FVG (CET) — Indicator Description
This indicator is designed for FDAX traders who trade 15m Fair Value Gaps (FVG) using 1m confirmation (CISD/SMC execution) and want to avoid getting chopped in range days.
What it does
Overnight Range (ONR) module (00:00–08:55 CET)
Draws the Overnight box.
Calculates and displays key ON metrics:
ONR – overnight range size
Score – overnight directional efficiency (how “one-way” the move was)
Loc – where price closed inside the overnight range (close location)
Flags a Pre-Range bias when overnight behavior suggests a higher probability of a choppy/session-range environment.
Range vs Trend confirmation (European open logic)
Builds the Opening Range (OR30) box (09:00–09:30 CET).
Tracks TR60 (09:00–10:00 CET) for early volatility expansion.
Confirms the session state:
WAIT – no confirmation yet
CONFIRMED RANGE – conditions point to a balanced/choppy day
CONFIRMED TREND – volatility expansion and acceptance outside OR indicates a trending day
15m FVG overlays
Plots 15m FVG zones (bullish/bearish) as clean extending boxes.
Optional filters:
Show FVGs only when CONFIRMED TREND (to avoid taking FVGs in chop).
Hide FVGs inside the EQ zone (mid-range) to reduce low-quality setups.
Why it’s useful
Range days are where most stop streaks happen when trading FVG + 1m confirmation. This indicator helps you:
Identify when the market is likely to be balanced/choppy
Wait for trend confirmation before taking aggressive FVG plays
Focus only on high-probability FVG locations aligned with session conditions
Best use
Use the indicator on FDAX (EUREX) with 15m / 5m context and execute on 1m.
Prioritize FVGs during CONFIRMED TREND and be selective (or reduce size) during WAIT / CONFIRMED RANGE.
If you want, I can also write a shorter “TradingView public script style” description (2–3 lines + bullet features), or a more marketing/premium description for your community.
This indicator is designed for FDAX traders who trade 15m Fair Value Gaps (FVG) using 1m confirmation (CISD/SMC execution) and want to avoid getting chopped in range days.
What it does
Overnight Range (ONR) module (00:00–08:55 CET)
Draws the Overnight box.
Calculates and displays key ON metrics:
ONR – overnight range size
Score – overnight directional efficiency (how “one-way” the move was)
Loc – where price closed inside the overnight range (close location)
Flags a Pre-Range bias when overnight behavior suggests a higher probability of a choppy/session-range environment.
Range vs Trend confirmation (European open logic)
Builds the Opening Range (OR30) box (09:00–09:30 CET).
Tracks TR60 (09:00–10:00 CET) for early volatility expansion.
Confirms the session state:
WAIT – no confirmation yet
CONFIRMED RANGE – conditions point to a balanced/choppy day
CONFIRMED TREND – volatility expansion and acceptance outside OR indicates a trending day
15m FVG overlays
Plots 15m FVG zones (bullish/bearish) as clean extending boxes.
Optional filters:
Show FVGs only when CONFIRMED TREND (to avoid taking FVGs in chop).
Hide FVGs inside the EQ zone (mid-range) to reduce low-quality setups.
Why it’s useful
Range days are where most stop streaks happen when trading FVG + 1m confirmation. This indicator helps you:
Identify when the market is likely to be balanced/choppy
Wait for trend confirmation before taking aggressive FVG plays
Focus only on high-probability FVG locations aligned with session conditions
Best use
Use the indicator on FDAX (EUREX) with 15m / 5m context and execute on 1m.
Prioritize FVGs during CONFIRMED TREND and be selective (or reduce size) during WAIT / CONFIRMED RANGE.
If you want, I can also write a shorter “TradingView public script style” description (2–3 lines + bullet features), or a more marketing/premium description for your community.
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.
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.