OPEN-SOURCE SCRIPT
MNQ - 5M
MNQ - 5M | Institutional Edge & Opening Range Academy
Overview
The MNQ - 5M is a high-precision execution and educational tool specifically engineered for the Micro E-mini Nasdaq-100 (MNQ). Designed for the trader who values clarity over noise, this script automates the New York 5-Minute Opening Range strategy, integrating institutional confluences like Anchored VWAP, Golden Zone Fibonacci, and CVD-based Volume Analysis.
Key Features
Automatic 5M Opening Range: Automatically plots the high and low of the 9:30 AM NY candle with a clean, semi-transparent design.
Dual-Trend Alignment: Features a built-in 1H Master Trend filter to ensure you only trade in the direction of the institutional flow.
Golden Zone Detection: Identifies high-probability retracement areas between the 38.2% and 78.6% Fibonacci levels.
Institutional Confluences: Integrates EMA 200 (Major Trend), EMA 89 (Dynamic Support), and Anchored VWAP starting exactly at the opening bell.
Smart Execution Labels: Clear BUY and SELL signals that only appear when price action, volume (CVD), and safety filters (1.5 ATR) align.
Anti-Saturation Logic: Limited to 2 high-probability signals per trend to promote discipline and prevent overtrading.
How to Use
Preparation: Watch for the Blue Opening Range box at 9:30 AM NY time.
Wait for the Hook: Look for price to break the range and pull back to a confluence zone (EMA, VWAP, or Golden Zone).
Execution: Enter when the "BUY" or "SELL" label appears alongside an engulfing or rejection candle.
Risk Management: The built-in 1.5 ATR filter warns you if you are too close to a major EMA "wall."
Technical Settings
EMA 200: Black (Thickness 4) - The Trend Anchor.
EMA 89: Sky Blue (Thickness 1) - Dynamic Support.
VWAP: Purple (Thickness 3) - Institutional Baseline.
Overview
The MNQ - 5M is a high-precision execution and educational tool specifically engineered for the Micro E-mini Nasdaq-100 (MNQ). Designed for the trader who values clarity over noise, this script automates the New York 5-Minute Opening Range strategy, integrating institutional confluences like Anchored VWAP, Golden Zone Fibonacci, and CVD-based Volume Analysis.
Key Features
Automatic 5M Opening Range: Automatically plots the high and low of the 9:30 AM NY candle with a clean, semi-transparent design.
Dual-Trend Alignment: Features a built-in 1H Master Trend filter to ensure you only trade in the direction of the institutional flow.
Golden Zone Detection: Identifies high-probability retracement areas between the 38.2% and 78.6% Fibonacci levels.
Institutional Confluences: Integrates EMA 200 (Major Trend), EMA 89 (Dynamic Support), and Anchored VWAP starting exactly at the opening bell.
Smart Execution Labels: Clear BUY and SELL signals that only appear when price action, volume (CVD), and safety filters (1.5 ATR) align.
Anti-Saturation Logic: Limited to 2 high-probability signals per trend to promote discipline and prevent overtrading.
How to Use
Preparation: Watch for the Blue Opening Range box at 9:30 AM NY time.
Wait for the Hook: Look for price to break the range and pull back to a confluence zone (EMA, VWAP, or Golden Zone).
Execution: Enter when the "BUY" or "SELL" label appears alongside an engulfing or rejection candle.
Risk Management: The built-in 1.5 ATR filter warns you if you are too close to a major EMA "wall."
Technical Settings
EMA 200: Black (Thickness 4) - The Trend Anchor.
EMA 89: Sky Blue (Thickness 1) - Dynamic Support.
VWAP: Purple (Thickness 3) - Institutional Baseline.
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.