Morning Box [Fax Academy]

28 nov

Morning Box [Fax Academy] — Precision Daily Bias Box for Professional Traders

Overview

• Draws a daily box from a single 1-hour candle (default: 11:00 PM UTC) and extends it forward into the trading day.
  
• Fully timezone-aware (Exchange or specific region). Box levels are locked after the hour closes — no repainting.
  
• Clean, stable, and designed for consistency in all global markets.
  

What It Does

• Selects exactly one 1-hour bar per day using a configurable 12h + AM/PM time input.
  
• Plots a high–low box around that candle.
  
• Provides flexible extension options:
  Candle Only — limits box to the 1-hour range.
  End of Day (TZ) — extends the box to the end of the selected timezone’s trading day.
  Extend N Hours — customizable width for strategy-specific use.
  
• Maintains only the current day's box; previous day’s box is automatically replaced.
  

Inputs

• Timezone: UTC, Exchange, or region (Asia/Dhaka, Europe/London, America/New_York, etc.).
  
• Target Hour (12h) + AM/PM: defines which 1-hour candle is used.
  
• Extend Right: Candle Only, End of Day (TZ), or Extend N Hours.
  
• Extend N Hours: number of hours if using the custom extension mode.
  
• Box Styling: Color, transparency, border width.
  

How To Use

• Works on any chart timeframe — the selected candle is always a true 1-hour bar in the chosen timezone.
  
• Choose a meaningful Target Hour (e.g., NY close, Asia open).
  
• Select extension style:
  End of Day (TZ) → ideal for full-session framing
  Extend N Hours → flexible for any strategy (e.g., Asia range, pre-London box)
  Candle Only → minimal, high-precision range focus
  
• Use the resulting box as a daily bias tool, liquidity pocket, or session anchor.
  

Best Practices

• Align your Target Hour with key market transitions (NY close → Asia open for Forex/Gold).
  
• Pair with:
  EMA [Fax Academy] — for directional bias and structural confidence.
  Sessions [Fax Academy] — for timing and volatility context.
  
• Keep the “only today’s box” design for uncluttered daily workflow.
  

Defaults

• Timezone: UTC
  
• Target Hour: 11 PM
  
• Extend Right: End of Day (TZ)
  
• Colors: Fax Academy standard theme (fully editable)
  

Notes

• Non-repainting — box values lock after the selected candle closes.
  
• Works on all chart timeframes; vertical bounds always represent that day’s chosen 1-hour high/low.
  

Brand

• Crafted by Fax Academy for traders who value simplicity, precision, and consistency.
  
• Educational use only — not financial advice. Always validate concepts through backtesting and risk-managed execution.
  

3 dic

Note di rilascio

- Minute input (0–59) added; supports half‑hour markets (e.g., 04:30 Asia/Kolkata).
- Left edge anchored to the hourly open to include the full 1‑hour candle.
- High/low taken from the exact 1‑hour bar; identical across all timeframes.
- Draws only after the hourly candle closes (non‑repainting behavior).
- Extend modes updated to start from the hourly open: Candle Only, End of Day (TZ), Extend N Hours.

3 dic

Note di rilascio

• Added minute input (0–59) for half-hour sessions (e.g., 04:30 IST).
  
• Box starts at the hourly open to capture the full 1-hour candle.
  
• High/Low pulled from the actual hourly bar for consistent values.
  
• Non-repainting: draws only after the hourly candle closes.
  
• Extend modes updated — all now start from the hourly open.