NQ Hourly Edge (By Scalpr)

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📊 Hourly Edge (Lorden) - Statistical Trading Edge Indicator
Transform your NQ1! trading with data-driven hourly analysis and high-probability setups based on extensive backtesting.

🎯 What This Indicator Does
The Hourly Edge indicator identifies high-probability "return to open" scenarios during the New York trading session (8am-4pm ET) specifically for NQ1! (Nasdaq futures). When the current hour opens inside the previous hour's range and then sweeps the previous high or low, statistical data shows strong probabilities of price returning to the hourly open.

📈 Key Features
Statistical Edge Detection

• Real-time sweep detection with tick-by-tick accuracy
  
• Probability percentages based on extensive NQ1! backtesting data
  
• Color-coded probability levels: Green (75%+), Yellow (51-74%), Red (<50%)
  
• Status tracking: Waiting → Swept → Returned
  

Visual Trading Tools

• Hourly/Custom interval lines with full customization
  
• High/Low tracking with optional current hour hiding
  
• Opening price reference lines
  
• Configurable line styles, colors, and widths
  

Smart Session Management

• NY timezone awareness (8am-4pm ET focus)
  
• "Waiting for 8am" display outside trading hours
  
• 20-minute segment analysis for refined probability calculations
  

🔧 Customization Options
Timeframe Flexibility

• Multiple preset intervals: 4H, 1H, 30m, 15m, 10m, 5m
  
• Custom timeframe input (hours + minutes)
  
• Works on any chart timeframe
  

Display Controls

• Show/hide any line type independently
  
• Moveable info box (4 corner positions)
  
• Adjustable text sizes
  
• Historical line limit (1-500 bars)
  

Line Styling

• Individual color settings for each line type
  
• Style options: Solid, Dashed, Dotted
  
• Width control: 1, 2, or 3 pixels
  

📊 How to Use

1. Add to NQ1! charts during NY session hours
   
2. Watch for sweep notifications in the info box
   
3. Check probability percentages for trade confidence
   
4. Monitor return status for entry/exit timing
   
5. Use alerts for high-probability setups (75%+ edge)
   

⚡ Best Practices

• Optimal timeframes: 1m-15m for entries, 1H for context
  
• Focus on 75%+ probability setups for highest edge
  
• Wait for "moved away from open" confirmation before expecting returns
  
• Combine with your existing NQ1! strategy for enhanced timing
  

🎯 Perfect For

• NQ1! scalpers seeking high-probability entries
  
• Nasdaq day traders wanting statistical edge confirmation
  
• Futures strategy developers incorporating hourly analysis
  
• Risk managers looking for data-driven NQ1! setups
  

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Nota Keluaran

What It Does
This tracks a specific edge: when NQ opens inside the previous hour's range during NY session (8am-4pm ET), then sweeps the previous high or low, there's a strong statistical tendency for price to return to that hourly open. The probabilities vary by hour and timing, but some setups show 85%+ edge.

The Setup
Simple concept: Hour opens inside previous range → Price sweeps previous high/low → High probability return to open

The indicator shows you:

• Real-time sweep detection
  
• Exact probability percentages based statistical data
  
• Status: waiting, swept, returned
  
• Color coding: Green (75%+), Yellow (50-74%), Red (below 50%)
  

Visual Tools

• Clean hourly reference lines
  
• Previous high/low levels
  
• Opening price markers
  
• Customizable colors and styles
  
• Info box that tracks the setup status
  

Settings

• Timeframes: Works on any chart, but I prefer 1-5 minute
  
• Intervals: Default 1-hour
  
• Display: Hide/show any lines, move the info box around
  
• History: Keep up to 500 historical reference lines
  

How I Use It

1. Load it on NQ during NY hours
   
2. Wait for the price to sweep
   
3. Check if probability is 75% or higher
   
4. Enter based on your preferred entry module, could be FVG or iFVG
   

Best Results

• Focus on the 75%+ setups only
  
• Works best 8am-4pm ET (when the data was collected)
  
• Don't chase - wait for confirmation price moved away from open first and swept previous hour high or low
  
• Combine with your existing strategy for entering the trade
  

This isn't magic - it's just pattern recognition based on solid data. The edge is real, but like any setup, it doesn't work 100% of the time.