OPEN-SOURCE SCRIPT
London Open First 5mins
This indicator shows the first 5mins candle status of the London OPEN at 3AM (New York Time).
1. GREEN Highlight: when the first 5mins closed bullish
2. RED Highlight: when the first 5mins closed bearish
3. GREEN LINE: the bullish 5mins closing price, extend to NY 08:30AM
4. RED LINE: the bearish 5mins closing price, extend to NY 08:30AM
5. GREEN +OB LINE (Order Block): when the first 5mins closed bearish, the immediate following 5mins closed bullish above the bearish wick of the first 5mins candle (engulfing)
6. RED -OB LINE (Order Block): when the first 5mins closed bullish, the immediate following 5mins closed bearish below the bullish wick of the first 5mins candle (engulfing)
Please NOTE: this indicator only shows the first wave of London / European Markets OPEN momentum, it cannot be used for pure ENTRY / EXIT signals along.
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I personally use this indicator for the following purposes:
1. By observations, the first 5mins candle shows signs of strength / weakness at the London session;
2. Within that 5mins candle, micro structures may appear, such as 1m / 2m / 3m structures with FVGs (Fair Value Gap) and / or OBs (Order Block);
3. The immediately following 5mins candle either respect or reject the first 5mins, can provide more insights of the market maker's intentions;
4. This indicator cannot use along, it must follow the HTF (Higher Time Frame) structure, such as 15mins, 1H, 4H.
1. GREEN Highlight: when the first 5mins closed bullish
2. RED Highlight: when the first 5mins closed bearish
3. GREEN LINE: the bullish 5mins closing price, extend to NY 08:30AM
4. RED LINE: the bearish 5mins closing price, extend to NY 08:30AM
5. GREEN +OB LINE (Order Block): when the first 5mins closed bearish, the immediate following 5mins closed bullish above the bearish wick of the first 5mins candle (engulfing)
6. RED -OB LINE (Order Block): when the first 5mins closed bullish, the immediate following 5mins closed bearish below the bullish wick of the first 5mins candle (engulfing)
Please NOTE: this indicator only shows the first wave of London / European Markets OPEN momentum, it cannot be used for pure ENTRY / EXIT signals along.
~~~~
I personally use this indicator for the following purposes:
1. By observations, the first 5mins candle shows signs of strength / weakness at the London session;
2. Within that 5mins candle, micro structures may appear, such as 1m / 2m / 3m structures with FVGs (Fair Value Gap) and / or OBs (Order Block);
3. The immediately following 5mins candle either respect or reject the first 5mins, can provide more insights of the market maker's intentions;
4. This indicator cannot use along, it must follow the HTF (Higher Time Frame) structure, such as 15mins, 1H, 4H.
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。