OPEN-SOURCE SCRIPT
Impulse Strategy Daily 9:00 AM
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📈 9:00 AM Daily Impulse Strategy (Pine Script v5)
This indicator is an automated script designed for TradingView that identifies high-probability breakout and reversal setups at the European market open (9:00 AM Paris time). It is purely based on market structure and price action, completely avoiding lagging indicators like RSI or MACD.
🔍 How It Works
The script analyzes the price action of the previous daily candlestick and confirms a directional momentum right before the 9:00 AM opening bell:
For a BUY Signal:
The previous daily candle must be bearish (Close < Open).
The current daily structure must show bullish validation (Current Close > Current Open AND Current Close > Previous Daily Close).
The trigger occurs precisely on the 9:00 AM candle.
For a SELL Signal:
The previous daily candle must be bullish (Close > Open).
The current daily structure must show bearish validation (Current Close < Current Open AND Current Close < Previous Daily Close).
The trigger occurs precisely on the 9:00 AM candle.
🛠️ Key Features
Multi-Timeframe Data Sourcing: It automatically fetches the required Higher Timeframe (Daily) data behind the scenes, so you don't have to switch charts.
Clean Visual Alerts: It plots explicit green "BUY" and red "SELL" labels directly on your chart at the exact execution time.
Candle Coloration: The specific 9:00 AM trigger candle changes color (Green/Red) to highlight the trade setup instantly.
💡 Recommendation for Users
To ensure the script triggers perfectly, it should be applied to intraday timeframes that have a candle opening exactly at 9:00 AM (such as the 15-minute, 30-minute, or 1-hour charts). It is highly optimized for volatile assets during the European open, including Gold, Silver, and major indices like the Dow Jones (Wall Street Cash).
📈 9:00 AM Daily Impulse Strategy (Pine Script v5)
This indicator is an automated script designed for TradingView that identifies high-probability breakout and reversal setups at the European market open (9:00 AM Paris time). It is purely based on market structure and price action, completely avoiding lagging indicators like RSI or MACD.
🔍 How It Works
The script analyzes the price action of the previous daily candlestick and confirms a directional momentum right before the 9:00 AM opening bell:
For a BUY Signal:
The previous daily candle must be bearish (Close < Open).
The current daily structure must show bullish validation (Current Close > Current Open AND Current Close > Previous Daily Close).
The trigger occurs precisely on the 9:00 AM candle.
For a SELL Signal:
The previous daily candle must be bullish (Close > Open).
The current daily structure must show bearish validation (Current Close < Current Open AND Current Close < Previous Daily Close).
The trigger occurs precisely on the 9:00 AM candle.
🛠️ Key Features
Multi-Timeframe Data Sourcing: It automatically fetches the required Higher Timeframe (Daily) data behind the scenes, so you don't have to switch charts.
Clean Visual Alerts: It plots explicit green "BUY" and red "SELL" labels directly on your chart at the exact execution time.
Candle Coloration: The specific 9:00 AM trigger candle changes color (Green/Red) to highlight the trade setup instantly.
💡 Recommendation for Users
To ensure the script triggers perfectly, it should be applied to intraday timeframes that have a candle opening exactly at 9:00 AM (such as the 15-minute, 30-minute, or 1-hour charts). It is highly optimized for volatile assets during the European open, including Gold, Silver, and major indices like the Dow Jones (Wall Street Cash).
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.