This is entirely based on quarters theory by Daye (@traderdaye in Twitter). I'm merely the creator of the indicator and full credits for the underlying concept goes to Daye.
The idea is to split year, month, week and day into quarters at specific times which lead to PO3 (Accumulation-Manipulation-Distribution) cycles within those quarters. They present in one of these two forms:
As of now, the indicator assumes everything as AMDX, but if some clever idea comes in the future, I'll try to implement XAMD as well.
Similar to True Day Opens, there are True Monthly Opens, True Weekly Opens and True Session Opens, all of which form during the second quarters of those periods, all of which are marked by the indicator. For timeframes in H1 and below, the indicator shows weekly, daily and session quarter cycle phases. For higher timeframes, it shows yearly, monthly and weekly cycle phases.
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Updated AMDX to Q1-4 to avoid confusion.
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Contextual quarter boxes - quarters will be automatically selected and boxes will be automatically switched (between foreground and background) based on timeframes. For example, session quarters cannot be displayed on H1 or above, so they disappear and daily quarters appear. Similarly, weekly quarters can be displayed as boxes in H4, so they aren't displayed in the filled boxes above.
Colors are fixed across quarters and boxes will be switched to foreground or background accoding to the timeframe (opacity can be configured).
Added options for Asia and PM sessions.
True Day Open can be displayed on higher TFs and True Week Open can be displayed on lower TFs.
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True Month Open
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Set open lines to grow alongside current candles.
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Micro-session quarters for M1
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Added True Micro-Session Opens for M1
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Move micro sessions quarter labels to start of quarter
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Update to use ticker ID to avoid exchange issues.
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Enable/disable macro cycles with positioning
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Fixes TMO bug, adds TYO and macro cycle for yearly quarters
Thanks, this Indicator is amazing! Amazing work. Would to have to Q1/Q2/Q3/Q4 Boxes under "Session" to be editable. So I could also change the Color and Opacity of this boxes. At the momen its only possible to activate/deactivate them. Would be super nice if you can include this in a future update! Have a great evening. Kind Regards
waffles_btc
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@lucasummer, Sorry I missed this, I specifically chose to allow configuration for colors and opacity on a global scale, because there will be too many colors/opacity options to consider for multiple other quarters otherwise. This will complicate the UI tbh.
I tried to blow my account with this indicator but instead of blowing accounts i got 2 accounts funded in 3 days. I mean if you have an edge than this indicator helps u with the right timing !