OPEN-SOURCE SCRIPT
Aggiornato TMA - True NY Midnight
Welcome to the Trend Master Akademi (TMA) institutional toolset.
The TMA - True NY Midnight indicator is designed for precision price action and SMC/ICT traders who need absolute accuracy in defining the daily algorithmic bias.
The Problem with Standard Indicators:
Most Midnight Open indicators on TradingView fail when applied to Regular Trading Hours (RTH) charts (like CME futures or traditional equities). Because the actual 00:00 candle is hidden during RTH, standard scripts mistakenly plot the midnight open at the 09:30 AM RTH opening price, destroying your bias.
The TMA Edge (ETH Bypass Engine):
We solved this by engineering an "Extended Trading Hours (ETH) Bypass". Regardless of your chart's session settings (RTH or 24/7), this indicator runs a ghost data feed in the background. It connects to the 1-minute ETH chart, extracts the exact 00:00 New York print, and projects it directly onto your current chart.
How to Use It (The Institutional Narrative):
In algorithmic trading, the true New York Midnight Open acts as the ultimate daily equilibrium.
Premium Zone: When price is above this line, the asset is considered expensive. Look for Institutional Distribution and Short (Sell) setups.
Discount Zone: When price is below this line, the asset is considered cheap. Look for Institutional Accumulation and Long (Buy) setups.
Judas Swing: Watch for the price to aggressively sweep above or below this line in the early sessions to trap retail traders before reversing to the true daily direction.
Key Features:
Absolute Precision: Extracts the true 00:00 NY price flawlessly, immune to chart session errors.
Zero Chart Clutter: Professionally coded to auto-delete yesterday's line. It only projects the current day's active level, keeping your workspace clean and focused.
Fully Customizable: Adjust line color, thickness, and style to match your charting theme.
Stay disciplined, trade the narrative, and let the algorithms show their hand.
Tags:
#ICT #SmartMoneyConcepts #SMC #NYMidnight #PriceAction #TMA #AlgorithmicTrading #DayTrading
The TMA - True NY Midnight indicator is designed for precision price action and SMC/ICT traders who need absolute accuracy in defining the daily algorithmic bias.
The Problem with Standard Indicators:
Most Midnight Open indicators on TradingView fail when applied to Regular Trading Hours (RTH) charts (like CME futures or traditional equities). Because the actual 00:00 candle is hidden during RTH, standard scripts mistakenly plot the midnight open at the 09:30 AM RTH opening price, destroying your bias.
The TMA Edge (ETH Bypass Engine):
We solved this by engineering an "Extended Trading Hours (ETH) Bypass". Regardless of your chart's session settings (RTH or 24/7), this indicator runs a ghost data feed in the background. It connects to the 1-minute ETH chart, extracts the exact 00:00 New York print, and projects it directly onto your current chart.
How to Use It (The Institutional Narrative):
In algorithmic trading, the true New York Midnight Open acts as the ultimate daily equilibrium.
Premium Zone: When price is above this line, the asset is considered expensive. Look for Institutional Distribution and Short (Sell) setups.
Discount Zone: When price is below this line, the asset is considered cheap. Look for Institutional Accumulation and Long (Buy) setups.
Judas Swing: Watch for the price to aggressively sweep above or below this line in the early sessions to trap retail traders before reversing to the true daily direction.
Key Features:
Absolute Precision: Extracts the true 00:00 NY price flawlessly, immune to chart session errors.
Zero Chart Clutter: Professionally coded to auto-delete yesterday's line. It only projects the current day's active level, keeping your workspace clean and focused.
Fully Customizable: Adjust line color, thickness, and style to match your charting theme.
Stay disciplined, trade the narrative, and let the algorithms show their hand.
Tags:
#ICT #SmartMoneyConcepts #SMC #NYMidnight #PriceAction #TMA #AlgorithmicTrading #DayTrading
Note di rilascio
V4 - Fixed Performance Patch: Removed lookahead to guarantee 100% real-time accuracy (no repainting). Optimized line rendering with extend_right for lighter CPU load. Institutional precision updated.Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.