Red Folder News Prop Firm Passer

Here's a TradingView description for your indicator:
Red Folder News Prop Firm Passer

NOT FINANCIAL ADVICE FOR EDUCATIONAL USE ONLY!!!!!!!!!

A precision trading tool designed specifically for passing funded prop firm accounts on high-impact news days. This indicator automatically plots critical entry and exit levels based on a user-defined reference time.

🎯 HOW IT WORKS:
The indicator captures the opening price at your chosen reference time (default: 8:29 AM UTC-5, one minute before major news releases) and automatically calculates:

- Reference Price (Black Line) - The opening price at your specified time
- Buy Stop Entry (Blue Line) - 20 points above reference
- Sell Stop Entry (Red Line) - 20 points below reference
- Buy Take Profit (Green Line) - 31 points above buy stop entry
- Sell Take Profit (Green Line) - 31 points below sell stop entry

📊 TRADING STRATEGY:
Place pending orders at the blue and red entry lines before news releases. Whichever direction breaks first captures the momentum, with pre-calculated take profit levels ensuring you lock in gains while managing risk.

⚙️ CUSTOMIZABLE SETTINGS:
- Reference time (hour and minute)
- Entry offset distance (default: 20 points)
- Take profit offset distance (default: 31 points)
- All lines extend to the right for easy visualization

✅ IDEAL FOR:
- Red folder news day trading
- Prop firm evaluation challenges
- Futures and indices traders (NQ, ES, YM, RTY)
- Traders who need consistent, rule-based entries

All levels are clearly labeled with exact price values and color-coded for quick identification. Perfect for disciplined traders following strict prop firm rules.