OPEN-SOURCE SCRIPT
NYO Day-Type Early Read
Chart: put it on a 1-, 3-, or 5-minute ES chart (the opening-range needs to be ≤ your read window — don't use a 15-min chart, the box won't finish until 9:45's next bar). RTH or full-session (ETH) chart both work — it detects the 9:30 cash open itself.
At 9:45 ET the table freezes and an alert fires. Top row is your go/no-go:
TRADE (green) — trend/directional setup. Worth engaging, trade with the lean shown.
CAUTION (orange) — either volatile two-sided (wide but choppy) or mixed/neutral. Tradeable but reduce size / be selective.
SKIP (red) — quiet rotational compression. The classic chop-trap day; sit out.
The blue lines are prior-day RTH high/low, purple are the overnight high/low — your context for whether price has broken out.
At 9:45 ET the table freezes and an alert fires. Top row is your go/no-go:
TRADE (green) — trend/directional setup. Worth engaging, trade with the lean shown.
CAUTION (orange) — either volatile two-sided (wide but choppy) or mixed/neutral. Tradeable but reduce size / be selective.
SKIP (red) — quiet rotational compression. The classic chop-trap day; sit out.
The blue lines are prior-day RTH high/low, purple are the overnight high/low — your context for whether price has broken out.
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.