OPEN-SOURCE SCRIPT
Larry 9:29 Rubber Band ENTRY ONLY - MNQ [1min]
Name: Larry 9:29 Rubber Band — MNQ Entry Signal
Description:
Captures the 9:29 AM Eastern candle body midpoint as a Fair Price level each morning. When price stretches 75 points away from Fair Price and then shows a reversal candle, the indicator fires a LONG or SHORT signal expecting a mean-reversion snap back toward fair value.
Designed for MNQ (Micro E-Mini Nasdaq-100) on a 1-minute chart. One signal per day maximum. Compatible with TradersPost webhook automation — alerts fire JSON directly to your broker on signal confirmation.
Settings include: stretch band distance, session window, gap day filter, pre-stretched open filter, volume confirmation, RSI filter, snapback filter, and late session contract reduction.
Timeframe: 1-minute
Instrument: MNQ / NQ futures
Session: 9:29 AM – 11:00 AM Eastern
Description:
Captures the 9:29 AM Eastern candle body midpoint as a Fair Price level each morning. When price stretches 75 points away from Fair Price and then shows a reversal candle, the indicator fires a LONG or SHORT signal expecting a mean-reversion snap back toward fair value.
Designed for MNQ (Micro E-Mini Nasdaq-100) on a 1-minute chart. One signal per day maximum. Compatible with TradersPost webhook automation — alerts fire JSON directly to your broker on signal confirmation.
Settings include: stretch band distance, session window, gap day filter, pre-stretched open filter, volume confirmation, RSI filter, snapback filter, and late session contract reduction.
Timeframe: 1-minute
Instrument: MNQ / NQ futures
Session: 9:29 AM – 11:00 AM Eastern
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.