OPEN-SOURCE SCRIPT
First Candle Session Levels. Sessions custom timeframes settings

First Candle Rule – Scalping Itinerary
Chart Setup
Use two charts at the same time: the five-minute chart and the one-minute chart. This double-chart approach allows you to define structure on the higher timeframe and execute with precision on the lower timeframe.
The First Candle
Focus on the first five-minute candle of the session. Once this candle has fully closed, mark its high and its low. These two price levels form the operating range for the setup.
Execution Phase
After the range is marked, wait for price to return into or react around the first candle range. Execution is carried out on the one-minute chart, using price reaction at the high or low of the first five-minute candle.
Conceptual Framework
This method is built around Smart Money Concepts and Inner Circle Trader principles. It aligns closely with first candle theory and candle range theory. If you understand ICT concepts, the logic behind this setup will be immediately familiar.
Strategy Type
This is a scalping system designed to be simple, repeatable, and effective on a daily basis. It is not about prediction, but about reacting to price within a clearly defined range.
Learning Path
To fully understand the background of this approach, study first candle theory and related ICT material on YouTube. This will help you see how and why the setup works across different market conditions.
Final Purpose
This algorithm was built to be accessible to everyone. The objective is consistency, discipline, and structure, with the long-term goal of helping traders work toward financial freedom through a clear and repeatable process.
Chart Setup
Use two charts at the same time: the five-minute chart and the one-minute chart. This double-chart approach allows you to define structure on the higher timeframe and execute with precision on the lower timeframe.
The First Candle
Focus on the first five-minute candle of the session. Once this candle has fully closed, mark its high and its low. These two price levels form the operating range for the setup.
Execution Phase
After the range is marked, wait for price to return into or react around the first candle range. Execution is carried out on the one-minute chart, using price reaction at the high or low of the first five-minute candle.
Conceptual Framework
This method is built around Smart Money Concepts and Inner Circle Trader principles. It aligns closely with first candle theory and candle range theory. If you understand ICT concepts, the logic behind this setup will be immediately familiar.
Strategy Type
This is a scalping system designed to be simple, repeatable, and effective on a daily basis. It is not about prediction, but about reacting to price within a clearly defined range.
Learning Path
To fully understand the background of this approach, study first candle theory and related ICT material on YouTube. This will help you see how and why the setup works across different market conditions.
Final Purpose
This algorithm was built to be accessible to everyone. The objective is consistency, discipline, and structure, with the long-term goal of helping traders work toward financial freedom through a clear and repeatable process.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.