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Chapter-1 :: Opening is Everything
Power Of Opening
Trade with the institutions at the open of the day by identifying the critical "No-Trade Zone." This indicator automates the powerful "Law of Momentum" to filter out false moves and pinpoint high-probability breakouts based on the previous day's momentum.
🎯 Core Concept: The Law of Momentum
Sir Isaac Newton’s law applies to markets: "An object in motion tends to stay in motion." After a solid green or red bar, the market will follow through 80-90% of the time. This indicator uses the previous day's momentum to predict the next day's opening direction.
⚙️ How It Works
Marks the "Fantastic Zone F4": At the market open, the indicator plots a dynamic zone on your 2-minute chart.
Calculates the Zone: The upper and lower bounds of this zone are derived from a composite of key levels from the previous day's close:
Previous Day Close (PDC)
20 & 200 Simple Moving Averages (SMA) on the 2-min chart
The high and low of the last 30-minute bar of the previous day
Defines the "Trap": The area between the upper and lower zone lines is the NO-TRADE ZONE. Trading here is dangerous as price is consolidating and direction is uncertain.
🚀 Simple Trading Strategy
If Previous Day was a GREEN Bar:
✅ BUY on a 2-minute candle breakout and close ABOVE the Upper Zone line.
If Previous Day was a RED Bar:
✅ SELL on a 2-minute candle breakdown and close BELOW the Lower Zone line.
Ignore all signals that occur inside the zone. Wait for a clear, decisive break.
🔧 Indicator Settings
Show Trap Zone Label: Toggles the "☠️ NO-TRADE ZONE ☠️" label on/off.
Show Timeframe Reminder: Alerts you if you are not on the required 2-minute timeframe.
Minutes Before Close: Adjusts the lookback period to define the previous day's high/low (default: 30 minutes).
Show Breakout Signals: Plots visual markers (e.g., arrows) on the chart when a valid breakout occurs.
💡 Why It's Effective
This strategy combines three powerful concepts:
Market Momentum: It statistically favors the previous day's trend continuing.
Institutional Footprint: The "Fantastic Zone" is built from levels that institutions watch.
Patience & Discipline: By clearly defining a no-trade zone, it prevents you from entering choppy, low-odds trades and forces you to wait for a confirmed move.
Recommended Timeframe: 2 MINUTES
Disclaimer: This tool is for educational and informational purposes only. All trading involves risk. Past performance is not indicative of future results.
How to Request Access (for Invite-Only)
---------------------------------------
If you are interested in using this indicator, send a request to the author (via private message or platform-specified method). Once approved, you will be added to the authorised users list and granted access.
Disclaimer
----------
Using this script (or any indicator) carries risk. Past price levels, zones or breakout signals are not a guarantee of future performance. Always use proper position sizing, stop-loss, and overall risk management. The author is not responsible for any trading losses.
Trade with the institutions at the open of the day by identifying the critical "No-Trade Zone." This indicator automates the powerful "Law of Momentum" to filter out false moves and pinpoint high-probability breakouts based on the previous day's momentum.
🎯 Core Concept: The Law of Momentum
Sir Isaac Newton’s law applies to markets: "An object in motion tends to stay in motion." After a solid green or red bar, the market will follow through 80-90% of the time. This indicator uses the previous day's momentum to predict the next day's opening direction.
⚙️ How It Works
Marks the "Fantastic Zone F4": At the market open, the indicator plots a dynamic zone on your 2-minute chart.
Calculates the Zone: The upper and lower bounds of this zone are derived from a composite of key levels from the previous day's close:
Previous Day Close (PDC)
20 & 200 Simple Moving Averages (SMA) on the 2-min chart
The high and low of the last 30-minute bar of the previous day
Defines the "Trap": The area between the upper and lower zone lines is the NO-TRADE ZONE. Trading here is dangerous as price is consolidating and direction is uncertain.
🚀 Simple Trading Strategy
If Previous Day was a GREEN Bar:
✅ BUY on a 2-minute candle breakout and close ABOVE the Upper Zone line.
If Previous Day was a RED Bar:
✅ SELL on a 2-minute candle breakdown and close BELOW the Lower Zone line.
Ignore all signals that occur inside the zone. Wait for a clear, decisive break.
🔧 Indicator Settings
Show Trap Zone Label: Toggles the "☠️ NO-TRADE ZONE ☠️" label on/off.
Show Timeframe Reminder: Alerts you if you are not on the required 2-minute timeframe.
Minutes Before Close: Adjusts the lookback period to define the previous day's high/low (default: 30 minutes).
Show Breakout Signals: Plots visual markers (e.g., arrows) on the chart when a valid breakout occurs.
💡 Why It's Effective
This strategy combines three powerful concepts:
Market Momentum: It statistically favors the previous day's trend continuing.
Institutional Footprint: The "Fantastic Zone" is built from levels that institutions watch.
Patience & Discipline: By clearly defining a no-trade zone, it prevents you from entering choppy, low-odds trades and forces you to wait for a confirmed move.
Recommended Timeframe: 2 MINUTES
Disclaimer: This tool is for educational and informational purposes only. All trading involves risk. Past performance is not indicative of future results.
How to Request Access (for Invite-Only)
---------------------------------------
If you are interested in using this indicator, send a request to the author (via private message or platform-specified method). Once approved, you will be added to the authorised users list and granted access.
Disclaimer
----------
Using this script (or any indicator) carries risk. Past price levels, zones or breakout signals are not a guarantee of future performance. Always use proper position sizing, stop-loss, and overall risk management. The author is not responsible for any trading losses.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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 dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
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.