OPEN-SOURCE SCRIPT
NQ 5m Alert Framework Dashboard + Trade Levels
NQ 5m Alert Framework Dashboard + Trade Levels
This indicator is built for traders who want a cleaner way to read NQ/MNQ breakout setups on the 5-minute chart.
It combines:
• fast/slow EMA trend bias
• VWAP position
• dynamic breakout high and breakdown low levels
• early setup markers near the breakout zone
• breakout and breakdown trigger labels
• an on-chart dashboard showing market bias and projected trade levels
What it shows
• Bullish / bearish bias
• based on EMA structure and price vs VWAP
• Setup markers
• yellow “Set” markers when price is approaching a breakout or breakdown zone
• Breakout triggers
• BO for breakout up
• BD for breakdown
• Breakout levels
• green line = breakout high
• red line = breakdown low
• Dashboard
• Bias
• Setup status
• Trigger status
• EMA state
• VWAP state
• projected entry, SL, TP1, TP2, TP3
How to read it
• Set = conditions are lining up, get ready
• BO / BD = actual breakout or breakdown trigger
• background color
• green = bullish bias
• red = bearish bias
Best use case
This tool is designed for:
• NQ / MNQ traders
• 5-minute breakout traders
• intraday traders who want visual structure and quick decision support
Notes
• This is a framework, not financial advice
• projected trade levels are based on the fixed point settings in the script
• users should test and adjust stop and target distances for their own market conditions and risk tolerance
This indicator is built for traders who want a cleaner way to read NQ/MNQ breakout setups on the 5-minute chart.
It combines:
• fast/slow EMA trend bias
• VWAP position
• dynamic breakout high and breakdown low levels
• early setup markers near the breakout zone
• breakout and breakdown trigger labels
• an on-chart dashboard showing market bias and projected trade levels
What it shows
• Bullish / bearish bias
• based on EMA structure and price vs VWAP
• Setup markers
• yellow “Set” markers when price is approaching a breakout or breakdown zone
• Breakout triggers
• BO for breakout up
• BD for breakdown
• Breakout levels
• green line = breakout high
• red line = breakdown low
• Dashboard
• Bias
• Setup status
• Trigger status
• EMA state
• VWAP state
• projected entry, SL, TP1, TP2, TP3
How to read it
• Set = conditions are lining up, get ready
• BO / BD = actual breakout or breakdown trigger
• background color
• green = bullish bias
• red = bearish bias
Best use case
This tool is designed for:
• NQ / MNQ traders
• 5-minute breakout traders
• intraday traders who want visual structure and quick decision support
Notes
• This is a framework, not financial advice
• projected trade levels are based on the fixed point settings in the script
• users should test and adjust stop and target distances for their own market conditions and risk tolerance
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.