OPEN-SOURCE SCRIPT
Terminator Session Extremes
Terminator Session Extremes — Summary
Purpose: An adaptive predictor that draws the likely daily High and Low on an intraday chart (built for 5m). It's a prediction/visualization tool, not a trade signal.
The core idea
You can't call both daily extremes at the open (~3% dead-on, we proved this). But the market usually prints one extreme early (the counter-trend side) and extends the other way. So the script waits for confirmation, then predicts each side differently.
How it works, step by step
1. Opening range (09:30–09:45) — tracks the first 15 minutes' high/low. No prediction locked yet.
2. Provisional band — while waiting, draws a faint dotted open ± (fraction × range forecast) zone as a placeholder guess (calibrated: 80% edges contain the day's extreme ~80% of the time).
3. Breakout (~09:50) — when price closes beyond the opening range, direction is confirmed, and it locks two lines:
- Locked extreme (solid, high-confidence) — the counter-trend extreme (the low if it broke up, the high if it broke down). This is the accurate side: it's the day's true extreme ~57% exactly / 62% within ±10 pts on real MNQ.
- Extension estimate (dashed, rough) — the other side, projected as locked ± 2.2 × opening-range size (a measured move; MAPE ~30%).
4. Self-correct — if price later breaks the opposite side of the opening range (a failed breakout/reversal), it flips direction and re-locks the lines. Fixes the ~39% of reversal days, so accuracy climbs through the session (55%→78%).
5. Alert fires on each lock / re-lock.
Purpose: An adaptive predictor that draws the likely daily High and Low on an intraday chart (built for 5m). It's a prediction/visualization tool, not a trade signal.
The core idea
You can't call both daily extremes at the open (~3% dead-on, we proved this). But the market usually prints one extreme early (the counter-trend side) and extends the other way. So the script waits for confirmation, then predicts each side differently.
How it works, step by step
1. Opening range (09:30–09:45) — tracks the first 15 minutes' high/low. No prediction locked yet.
2. Provisional band — while waiting, draws a faint dotted open ± (fraction × range forecast) zone as a placeholder guess (calibrated: 80% edges contain the day's extreme ~80% of the time).
3. Breakout (~09:50) — when price closes beyond the opening range, direction is confirmed, and it locks two lines:
- Locked extreme (solid, high-confidence) — the counter-trend extreme (the low if it broke up, the high if it broke down). This is the accurate side: it's the day's true extreme ~57% exactly / 62% within ±10 pts on real MNQ.
- Extension estimate (dashed, rough) — the other side, projected as locked ± 2.2 × opening-range size (a measured move; MAPE ~30%).
4. Self-correct — if price later breaks the opposite side of the opening range (a failed breakout/reversal), it flips direction and re-locks the lines. Fixes the ~39% of reversal days, so accuracy climbs through the session (55%→78%).
5. Alert fires on each lock / re-lock.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.