MNQ Verse Indicator por Santino_trading

vor 13 Stunden

The MNQ Verse Indicator is a comprehensive tool designed for intraday traders, especially for those who trade indices like (MNQ, MYM Y MES). Its purpose is to consolidate the most crucial price levels that define daily market structure into a single view, allowing traders to make more informed decisions based on price context.

This indicator automatically plots key liquidity levels, opening ranges, and higher timeframe pivots, offering a clear map of potential price reaction zones.

Key Indicator Components

ORG (Opening Range)

Calculates and plots the opening range defined between the 4:14 PM close of the previous day and the 9:30 AM open of the current day (NY time).

Includes key retracement levels within the range: 50% (Equilibrium or CE), 25%, and 75%, which often act as intraday support or resistance.

Opens (Day Open & Midnight)

Day Open: Marks the opening price of the new trading day at 6:00 PM (NY time).

NY Midnight Open: Pinpoints the opening price at midnight in New York, a significant institutional level for the session.

Sessions (Asia & London)

Delineates the highs and lows of the Asia and London sessions. These levels are crucial as they often become liquidity targets during the New York session.

Includes an option to show or hide a colored box that highlights the session's range for better visualization.

Previous Pivots (D/W/M)

Daily (PDH/PDL): Previous Day's High and Low.

Weekly (PWH/PWL): Previous Week's High and Low.

Monthly (PMH/PML): Previous Month's High and Low.

These higher timeframe pivots act as magnets for price and represent major support and resistance levels.

How to Use It

The levels plotted by the MNQ Verse Indicator can be used to:

Identify high-probability zones for support and resistance.

Frame the daily bias by observing how price reacts to these key levels.

Set take-profit targets at the liquidity levels from previous sessions.

Understand the overall market context without needing to switch between multiple charts or indicators.

Full Customization

The indicator is highly customizable. From the settings menu, you can:

Adjust the color, style (solid, dotted, dashed), and text size for each level independently.

Enable or disable each group of levels according to your strategy.

Show or hide the colored boxes for the Asia and London sessions.

DISCLAIMER: This tool is designed for technical analysis and educational purposes. It does not constitute financial advice or a recommendation to buy or sell. All trading decisions are the sole responsibility of the user. Trade with caution.

vor 11 Stunden

Versionshinweise

The MNQ Verse Indicator is a comprehensive tool designed for intraday traders, especially for those who trade indices like (MNQ, MYM Y MES). Its purpose is to consolidate the most crucial price levels that define daily market structure into a single view, allowing traders to make more informed decisions based on price context.

This indicator automatically plots key liquidity levels, opening ranges, and higher timeframe pivots, offering a clear map of potential price reaction zones.

Key Indicator Components

ORG (Opening Range)

Calculates and plots the opening range defined between the 4:14 PM close of the previous day and the 9:30 AM open of the current day (NY time).

Includes key retracement levels within the range: 50% (Equilibrium or CE), 25%, and 75%, which often act as intraday support or resistance.

Opens (Day Open & Midnight)

Day Open: Marks the opening price of the new trading day at 6:00 PM (NY time).

NY Midnight Open: Pinpoints the opening price at midnight in New York, a significant institutional level for the session.

Sessions (Asia & London)

Delineates the highs and lows of the Asia and London sessions. These levels are crucial as they often become liquidity targets during the New York session.

Includes an option to show or hide a colored box that highlights the session's range for better visualization.

Previous Pivots (D/W/M)

Daily (PDH/PDL): Previous Day's High and Low.

Weekly (PWH/PWL): Previous Week's High and Low.

Monthly (PMH/PML): Previous Month's High and Low.

These higher timeframe pivots act as magnets for price and represent major support and resistance levels.

How to Use It

The levels plotted by the MNQ Verse Indicator can be used to:

Identify high-probability zones for support and resistance.

Frame the daily bias by observing how price reacts to these key levels.

Set take-profit targets at the liquidity levels from previous sessions.

Understand the overall market context without needing to switch between multiple charts or indicators.

Full Customization

The indicator is highly customizable. From the settings menu, you can:

Adjust the color, style (solid, dotted, dashed), and text size for each level independently.

Enable or disable each group of levels according to your strategy.

Show or hide the colored boxes for the Asia and London sessions.

DISCLAIMER: This tool is designed for technical analysis and educational purposes. It does not constitute financial advice or a recommendation to buy or sell. All trading decisions are the sole responsibility of the user. Trade with caution.

vor 10 Stunden

Versionshinweise

The MNQ Verse Indicator is a comprehensive tool designed for intraday traders, especially for those who trade indices like (MNQ, MYM Y MES). Its purpose is to consolidate the most crucial price levels that define daily market structure into a single view, allowing traders to make more informed decisions based on price context.

This indicator automatically plots key liquidity levels, opening ranges, and higher timeframe pivots, offering a clear map of potential price reaction zones.

Key Indicator Components

ORG (Opening Range)

Calculates and plots the opening range defined between the 4:14 PM close of the previous day and the 9:30 AM open of the current day (NY time).

Includes key retracement levels within the range: 50% (Equilibrium or CE), 25%, and 75%, which often act as intraday support or resistance.

Opens (Day Open & Midnight)

Day Open: Marks the opening price of the new trading day at 6:00 PM (NY time).

NY Midnight Open: Pinpoints the opening price at midnight in New York, a significant institutional level for the session.

Sessions (Asia & London)

Delineates the highs and lows of the Asia and London sessions. These levels are crucial as they often become liquidity targets during the New York session.

Includes an option to show or hide a colored box that highlights the session's range for better visualization.

Previous Pivots (D/W/M)

Daily (PDH/PDL): Previous Day's High and Low.

Weekly (PWH/PWL): Previous Week's High and Low.

Monthly (PMH/PML): Previous Month's High and Low.

These higher timeframe pivots act as magnets for price and represent major support and resistance levels.

How to Use It

The levels plotted by the MNQ Verse Indicator can be used to:

Identify high-probability zones for support and resistance.

Frame the daily bias by observing how price reacts to these key levels.

Set take-profit targets at the liquidity levels from previous sessions.

Understand the overall market context without needing to switch between multiple charts or indicators.

Full Customization

The indicator is highly customizable. From the settings menu, you can:

Adjust the color, style (solid, dotted, dashed), and text size for each level independently.

Enable or disable each group of levels according to your strategy.

Show or hide the colored boxes for the Asia and London sessions.

DISCLAIMER: This tool is designed for technical analysis and educational purposes. It does not constitute financial advice or a recommendation to buy or sell. All trading decisions are the sole responsibility of the user. Trade with caution.