Black Box Trading Measuring Tool (BlackBox - BBT)

kelmarin

Overview
The Black Box Trading Indicator is a comprehensive technical analysis tool that combines multiple trading concepts into a single, powerful indicator. It displays custom session ranges, Average Daily Range (ADR) projections, support/resistance levels, and order blocks to help traders identify key market levels and potential trading opportunities.
Key Features
1. Custom Session Ranges

Define and visualize any trading session with customizable start and end times
Automatically calculates session high, low, and midpoint
Displays quarter levels (25% and 75% of range)
Shows range projections at 100%, 150%, 200%, and 250% extensions

2. Average Daily Range (ADR) Analysis

Calculates and displays ADR for daily, weekly, monthly, and custom timeframes
Shows projected high and low targets based on ADR
Includes "hash" levels at 50% ADR from session midpoint
Visual range boxes highlight potential support/resistance zones

3. Market Structure Levels

Daily and weekly opening prices with dynamic coloring
Previous daily and weekly center mass (50% of previous period's range)
Real-time range statistics displayed in an information table

4. Order Block Detection

Automatically identifies bullish and bearish order blocks
Visual representation with customizable colors and transparency
Mitigation tracking to remove invalidated blocks
Alert system for price interaction with order blocks

Parameter Guide
Display Settings
Show Blocks

Enables/disables order block visualization
Useful for cleaner charts when focusing on other elements

Show Previous Daily/Weekly Center Mass

Displays the midpoint of the previous period's range
Helps identify potential support/resistance from prior price acceptance areas

Show Daily/Weekly Open

Shows opening prices with color coding (blue for bullish, orange for bearish)
Important reference points for intraday trading

Show ADR Targets

Displays projected highs and lows based on Average Daily Range
Essential for setting realistic profit targets and stop losses

Show Range Projection

Extends the session range by multiples (1x, 1.5x, 2x, 2.5x)
Helps identify potential price targets during trending moves

Show Average Daily Range

Displays the ADR statistics table
Shows current range metrics for multiple timeframes

Display range in pips

Converts range values to pips for forex traders
Provides standardized measurement across different instruments

ADR Configuration
ADR Days

Number of days to include in current ADR calculation
Default: 1 (shows today's developing range)

ADR Period

Lookback period for calculating average range
Default: 14 days (standard period for volatility measurement)

Custom Range

Select between 60-minute or 240-minute timeframes
Allows analysis of intermediate timeframes

Session Time Settings (EST)
Start Hour/Minute

Define when your custom session begins
Default: 19:00 EST (Asian session open)

End Hour/Minute

Define when your custom session ends
Default: 02:45 EST (London session approach)

Extend To Hour/Minute

How far to extend the horizontal lines
Default: 19:00 EST (full 24-hour extension)

Visual Customization
Color Settings

Top Color: Used for upper levels and bullish projections
Bottom Color: Used for lower levels and bearish projections
Range Outline Color: Main session range boundaries
Center Range Line Color: Session midpoint visualization

Line Settings

Range Outline Width: Thickness of range box borders
Session Line Width: Thickness of horizontal level lines
Line Styles: Choose between solid, dashed, or dotted

Text Settings

Text Color: Color for all labels
Text Size: AUTO, tiny, small, normal, or large

Order Block Settings
Sensitivity

Percentage threshold for order block detection (1-100)
Higher values = fewer but stronger blocks
Default: 25 (detects 25% price movements)

OB Mitigation Type

Close: Block is mitigated when price closes beyond it
Wick: Block is mitigated when price wicks beyond it

Color Configuration

Separate colors for bullish and bearish blocks
Border and background colors can be customized independently

Trading Applications
1. Session-Based Trading

Identify the initial balance (first hour of trading)
Trade breakouts from defined session ranges
Use range projections for profit targets
Monitor for range-bound vs trending conditions

2. ADR-Based Strategies

Set daily profit targets based on ADR projections
Identify overextended moves when price exceeds ADR
Use ADR levels for position sizing and risk management
Compare current range to average for volatility assessment

3. Support/Resistance Trading

Use previous period center mass as dynamic S/R
Trade bounces from daily/weekly opens
Combine multiple timeframe levels for confluence
Monitor order blocks for potential reversal zones

4. Order Block Trading

Enter trades when price returns to unmitigated blocks
Use blocks as stop loss placement guides
Look for confluence with other indicator levels
Monitor block mitigation for trend confirmation

Best Practices
1. Multi-Timeframe Analysis

Use higher timeframe blocks for major levels
Combine with lower timeframe entries
Monitor weekly levels on daily charts

2. Confluence Trading

Look for areas where multiple levels align
Combine order blocks with ADR targets
Use session ranges with center mass levels

3. Risk Management

Use ADR for realistic daily profit targets
Place stops beyond order blocks or range extremes
Size positions based on distance to key levels

4. Alert Usage

Set alerts for ADR target hits
Monitor order block interactions
Track range breakouts and hash level tests

Tips for Effective Use

Start Simple: Begin with basic session ranges and ADR before adding all features
Color Coding: Use consistent colors across your trading setup
Time Zones: Ensure session times match your trading schedule
Clean Charts: Toggle off unused features for clarity
Backtesting: Study how price respects these levels historically
Journaling: Document which levels work best for your traded instruments

Common Trading Scenarios
Range Trading

Enter longs at session low or lower projections
Enter shorts at session high or upper projections
Target the session midpoint or opposite extreme

Breakout Trading

Wait for clear breaks of session range
Use range width for measuring targets
Monitor ADR to gauge breakout potential

Trend Following

Use order blocks as pullback entries
Trail stops using range projections
Scale out at ADR targets

Reversal Trading

Look for price rejection at ADR extremes
Monitor order block mitigation failures
Use center mass as reversal confirmation

kelmarin

Nota Keluaran

Swing Trading Strategies Using Black Box Trading Indicator
Strategy 1: Weekly Range Breakout System
Setup

Timeframe: Daily chart
Session Settings: Set to weekly range (Monday 00:00 to Friday 23:59)
Key Levels: Weekly high/low, weekly center mass, ADR projections

Entry Rules
Long Entry:

Wait for price to break above weekly high with daily close
Confirm weekly ADR hasn't been exhausted (price below weekly projected high)
Enter on retest of broken weekly high or at weekly center mass

Short Entry:

Wait for price to break below weekly low with daily close
Confirm weekly ADR hasn't been exhausted (price above weekly projected low)
Enter on retest of broken weekly low or at weekly center mass

Exit Rules

Target 1: Weekly ADR projection (50% position)
Target 2: 1.5x weekly range extension (remaining position)
Stop Loss: Below/above weekly center mass or entry order block

Risk Management

Risk 1-2% per trade
Only take trades when weekly range is within 20% of average weekly ADR


Strategy 2: Order Block Accumulation Method
Setup

Timeframe: 4-hour and daily charts
Order Block Sensitivity: 30-40 (higher for cleaner signals)
Focus: Unmitigated order blocks on daily timeframe

Entry Rules
Long Entry:

Identify bullish order block on daily chart
Wait for price to return to block after initial move away
Confirm with 4H bullish market structure (higher highs/lows)
Enter when price touches order block with bullish reaction

Short Entry:

Identify bearish order block on daily chart
Wait for price to return to block after initial move away
Confirm with 4H bearish market structure (lower highs/lows)
Enter when price touches order block with bearish reaction

Exit Rules

Target 1: Previous swing high/low (50% position)
Target 2: Daily ADR projection or next major order block
Stop Loss: Beyond order block range (use 1.5x block height)

Trade Management

Move stop to breakeven after Target 1
Trail stop using 4H order blocks
Hold maximum 5-10 days


Strategy 3: ADR Exhaustion Reversal
Setup

Timeframe: Daily chart with 4H confirmation
Key Indicators: Daily/Weekly ADR projections
Best Markets: Ranging or weak trending conditions

Entry Rules
Long Entry:

Price reaches daily projected low (100% ADR down)
Weekly ADR shows less than 70% exhaustion
Price shows rejection (pin bar, engulfing) at level
Enter on 4H close back inside daily ADR range

Short Entry:

Price reaches daily projected high (100% ADR up)
Weekly ADR shows less than 70% exhaustion
Price shows rejection at level
Enter on 4H close back inside daily ADR range

Exit Rules

Target 1: Daily center mass/50% ADR (50% position)
Target 2: Opposite ADR extreme or weekly center mass
Stop Loss: 20% beyond ADR projection

Filters

Avoid during strong trending markets (weekly close beyond ADR)
Best during consolidation phases
Check monthly ADR for additional context


Strategy 4: Multi-Timeframe Center Mass Confluence
Setup

Timeframe: Daily chart
Key Levels: Daily, weekly, and monthly center mass
Additional: Order blocks for confirmation

Entry Rules
Long Entry:

Price pulls back to area where 2+ center mass levels converge
Bullish order block present at confluence zone
Price shows bullish structure on 4H (higher low)
Enter on daily close above confluence area

Short Entry:

Price rallies to area where 2+ center mass levels converge
Bearish order block present at confluence zone
Price shows bearish structure on 4H (lower high)
Enter on daily close below confluence area

Exit Rules

Target 1: Next timeframe's center mass
Target 2: ADR projection in trade direction
Stop Loss: Beyond the furthest center mass level

Position Sizing

Larger position when 3 timeframes align
Reduce size if only 2 timeframes converge


Strategy 5: Range Projection Momentum
Setup

Timeframe: Daily and 4H charts
Session: Custom 3-day range
Key Tool: Range projections (100%, 150%, 200%)

Entry Rules
Long Entry:

Price breaks above 3-day range high with momentum
Daily close above range high
Enter on retest of range high or at 100% projection
ADR supports further movement (less than 60% used)

Short Entry:

Price breaks below 3-day range low with momentum
Daily close below range low
Enter on retest of range low or at 100% projection
ADR supports further movement

Exit Rules

Target 1: 150% range projection (50% position)
Target 2: 200% range projection or weekly ADR limit
Stop Loss: Back inside range midpoint

Trade Management

Scale out at each projection level
Use 4H order blocks to trail stops
Maximum hold time: 7 trading days


Strategy 6: Weekly Open Reversion
Setup

Timeframe: Daily and 4H charts
Key Level: Weekly open price
Supporting Levels: Order blocks, ADR levels

Entry Rules
Long Entry:

Price moves below weekly open by 50-100% of daily ADR
Bullish order block forms on 4H below weekly open
Price reclaims weekly open with 4H close
Enter on retest of weekly open from above

Short Entry:

Price moves above weekly open by 50-100% of daily ADR
Bearish order block forms on 4H above weekly open
Price loses weekly open with 4H close
Enter on retest of weekly open from below

Exit Rules

Target 1: Previous week's high/low (50% position)
Target 2: Weekly ADR projection
Stop Loss: Beyond triggering order block

Best Conditions

Works best in ranging markets
Avoid during strong weekly trends
Most effective Tuesday-Thursday


Pro Tips for All Strategies
1. Market Condition Filters

Use monthly ADR to gauge overall volatility
Avoid reversal strategies in strong trends
Prefer breakout strategies when weekly range is narrow

2. Time-Based Filters

Best entries Tuesday-Thursday
Avoid Mondays and Fridays for new positions
Consider economic calendar for volatility

3. Risk Management Rules

Never risk more than 2% per trade
Limit to 2-3 open swing positions
Use correlation analysis for portfolio risk

4. Optimization Tips

Backtest sensitivity settings for your markets
Adjust ADR period based on market volatility
Fine-tune session times for your instruments

5. Combining Strategies

Use ADR exhaustion for entries, order blocks for exits
Combine center mass confluence with range projections
Layer multiple timeframe analysis for confirmation

Strategy Selection Guide

Trending Markets: Use Strategy 1 (Breakout) and Strategy 5 (Momentum)
Ranging Markets: Use Strategy 3 (ADR Reversal) and Strategy 6 (Weekly Open)
All Conditions: Strategy 2 (Order Blocks) and Strategy 4 (Center Mass)
High Volatility: Focus on ADR-based strategies
Low Volatility: Focus on range and order block strategies

kelmarin

Nota Keluaran

colors update

kelmarin

Nota Keluaran

Scalping Strategies Using Black Box Trading Indicator
Strategy 1: Session Range Breakout Scalp
Setup

Timeframe: 5-minute chart
Session Settings: Set to first hour of London or NY session
Key Focus: Initial Balance (IB) range and immediate breakouts

Entry Rules
Long Entry:

Wait for 5-min close above session high (first hour range)
Confirm with increased volume
Enter immediately on breakout candle close
ADR must show less than 30% exhaustion

Short Entry:

Wait for 5-min close below session low (first hour range)
Confirm with increased volume
Enter immediately on breakout candle close
ADR must show less than 30% exhaustion

Exit Rules

Target 1: 50% of session range (50% position)
Target 2: 100% of session range projection
Stop Loss: 10 pips beyond opposite side of range
Time Stop: Exit after 30 minutes if no profit

Risk Management

Risk 0.5% per trade
Maximum 3 trades per session
Stop trading if 2 consecutive losses


Strategy 2: Order Block Quick Rejection
Setup

Timeframe: 1-minute and 5-minute charts
Order Block Sensitivity: 15-20 (lower for more signals)
Session: Active market hours only

Entry Rules
Long Entry:

Identify fresh bullish order block on 5-min
Price returns to block within 10 candles
1-min shows immediate rejection (wick/pin bar)
Enter on 1-min close above block high

Short Entry:

Identify fresh bearish order block on 5-min
Price returns to block within 10 candles
1-min shows immediate rejection
Enter on 1-min close below block low

Exit Rules

Target: 15-20 pips or previous 5-min swing
Stop Loss: 5 pips beyond order block
Trail: Move stop to breakeven at 10 pips profit

Trade Management

One trade per order block only
Skip if price consolidates in block over 5 candles
Exit if price doesn't move within 10 minutes


Strategy 3: ADR Hash Level Bounce
Setup

Timeframe: 5-minute chart
Key Levels: Daily hash levels (50% ADR from midpoint)
Best Time: 30 minutes after session open

Entry Rules
Long Entry:

Price touches bottom hash level (first touch of day)
5-min candle shows rejection (lower wick)
Next candle breaks high of rejection candle
Enter on break with momentum

Short Entry:

Price touches top hash level (first touch of day)
5-min candle shows rejection (upper wick)
Next candle breaks low of rejection candle
Enter on break with momentum

Exit Rules

Target 1: Session midpoint (70% position)
Target 2: Opposite hash level
Stop Loss: 10 pips beyond hash level
Quick Exit: If no movement in 15 minutes

Filters

Only first touch of day
Skip if price gaps through level
Avoid during news events


Strategy 4: Range Midpoint Reversion Scalp
Setup

Timeframe: 3-minute chart
Session: Custom 2-hour range
Key Level: Session midpoint and quarter levels

Entry Rules
Long Entry:

Price moves to lower quarter (25%) of range
Shows rejection within 2 candles
Breaks above rejection high
Midpoint hasn't been tested in last hour

Short Entry:

Price moves to upper quarter (75%) of range
Shows rejection within 2 candles
Breaks below rejection low
Midpoint hasn't been tested in last hour

Exit Rules

Target: Session midpoint (full position)
Stop Loss: Beyond session extreme
Breakeven: At 50% of target distance
Time Exit: 20 minutes maximum

Position Management

Scale out 50% at halfway point
Move stop to breakeven
Let remainder run to midpoint


Strategy 5: Opening Drive Continuation
Setup

Timeframe: 1-minute and 5-minute charts
Time: First 30 minutes of London/NY session
Tools: Previous day's high/low, overnight range

Entry Rules
Long Entry:

Price breaks above previous day high in first 15 min
1-min pullback to broken level (2-5 candles)
Bullish order block forms at retest
Enter on 1-min close above pullback high

Short Entry:

Price breaks below previous day low in first 15 min
1-min pullback to broken level (2-5 candles)
Bearish order block forms at retest
Enter on 1-min close below pullback low

Exit Rules

Target 1: 20 pips (50% position)
Target 2: 50% daily ADR projection
Stop Loss: 10 pips
Trail: 10-pip trailing stop after Target 1

Trade Filters

Only one trade per session
Skip if overnight range exceeds 50% of daily ADR
Avoid if gap is larger than 20 pips


Strategy 6: Micro Range Breakout
Setup

Timeframe: 1-minute chart
Range Period: 15-minute micro ranges
Best Sessions: High volatility periods

Entry Rules
Long Entry:

Identify 15-min consolidation (range < 15 pips)
Mark range high/low on 1-min chart
Enter on 1-min close above range high
Volume must increase on breakout

Short Entry:

Identify 15-min consolidation
Mark range high/low on 1-min chart
Enter on 1-min close below range low
Volume must increase on breakout

Exit Rules

Target: 100% of range size
Stop Loss: Middle of consolidation range
Quick Stop: Exit if price returns to range within 3 candles

Range Requirements

Minimum 5 pips, maximum 15 pips range
At least 10 candles of consolidation
Clear boundaries (2+ touches each side)


Strategy 7: News Fade Using ADR
Setup

Timeframe: 1-minute and 5-minute charts
Time: 5-30 minutes after major news
Key Levels: ADR projections and hash levels

Entry Rules
Long Entry (Fade down move):

News causes spike down to/beyond daily projected low
Price shows exhaustion (multiple 1-min wicks)
5-min candle closes back inside ADR range
Enter on retest of daily projected low from above

Short Entry (Fade up move):

News causes spike up to/beyond daily projected high
Price shows exhaustion
5-min candle closes back inside ADR range
Enter on retest of daily projected high from below

Exit Rules

Target 1: Hash level (50% position)
Target 2: Session midpoint or center mass
Stop Loss: 15 pips beyond ADR projection
Maximum Time: 45 minutes

Risk Controls

Only trade high-impact news
Wait minimum 5 minutes after release
One trade per news event


Advanced Scalping Tips
1. Time-Based Optimization

Best Hours: First 2 hours of London/NY
Avoid: Lunch hours (12-1 PM EST)
Friday: Reduce position size by 50%

2. Multi-Timeframe Confirmation

Always check 15-min order blocks
Confirm trend on hourly chart
Use 1-min for precise entries only

3. Speed of Execution

Use hotkeys for entries/exits
Pre-set stop loss and take profit
Have emergency flatten button ready

4. Scalping-Specific Settings

Order Block Sensitivity: 10-20
Tighter session ranges (30-60 min)
Focus on quarter levels for quick bounces

5. Risk Management Rules

Maximum 5 trades per day
Stop after 3 consecutive losses
Daily loss limit: 2% of account
Win rate target: >65%


Quick Reference Decision Tree
Market Open (First 30 min)

Gap Up/Down → Strategy 5 (Opening Drive)
Narrow Range → Strategy 1 (IB Breakout)
Trending → Strategy 2 (Order Block Rejection)

Mid-Session

Ranging → Strategy 4 (Midpoint Reversion)
Consolidating → Strategy 6 (Micro Breakout)
At ADR Levels → Strategy 3 (Hash Bounce)

News Events

Always → Strategy 7 (News Fade)
Then → Return to normal strategies