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NY Open Market Condition Analyzer – TTR & RI - Beta 0.1.3

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📌 NY Open Market Condition Analyzer – TTR & RI - Beta 0.1.3
Built for NQ/MNQ scalpers who thrive on structure, this indicator evaluates market conditions at the New York Open (6:30–8:30AM PST) and only flashes green when high-probability conditions align.

📊 Core Filters
  • []TTR (Total Trading Range): Measures volatility from 2:00–6:30AM PST
    []5-Min Candle Body: Captures the size of the opening impulse
    []VWAP Distance: Gauges market expansion from a mean
    []MNQ/MES Divergence: Confirms directional alignment between indices
  • UT Bot Alerts: Integrates an ATR/EMA-based trend confirmation system


🎯 Primary Objective
Filter out weak sessions and trade only when structure supports movement.
  • []Avoid choppy Mondays and Fridays unless volatility proves otherwise
    []Combine system rules with momentum-based confluence
  • Preserve your edge and mental capital by only trading when it’s worth it


Features
Smart Session Filter Logic:
  • []Premarket Range ≥ X pts
    []Opening 5-Min Candle Body ≥ Y pts
    []VWAP Distance ≥ Z pts
    []Divergence filter to ensure MNQ & MES are not in conflict
  • UT Bot Buy Signal required (if enabled)


Visual Feedback:
  • []Colored background: 🟩 GOOD or 🟥 SKIP
    []Chart labels: GOOD SETUP or SKIP SESSION
    []Optional UT Bot signal markers (Buy)
    []Toggle visibility for GOOD and SKIP signals


Dashboard Panel (top-right):
Displays real-time data for all active filters
  • []Premarket Range
    []5-Min Candle Body
    []VWAP Distance
    []Divergence Status
    []UT Bot Buy Signal
    []Final Verdict: ✅ GOOD or ⚠️ SKIP


🔔 How to Use Alerts
  1. []Click the “Alerts” (🔔) tab
    []Create a new alert
    []Condition: NY Open Market Condition Analyzer – TTR & RI + UT Bot → Good Setup Alert
    []Set action (push, webhook, etc.)
  2. Use “Once Per Bar” for 1-minute charts


🧠 Best For:
  • []MNQ/NQ scalpers
    []Traders using MAS Capital’s Reversal Indicator
    []1R–2R scalping models (10–30pt targets)
    []Traders looking for pre-trade confirmation based on structure AND momentum
Note di rilascio
Beta 0.1.4
Note di rilascio
Beta 0.1.5 - Updated ATR Logic

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.